2024-02-29-accounts

Chonty Trgi5tratkn numbgr 1146159 COrnwreg￿tV￿on nwnber 07862605IEnnd and Wales ANNLIAL REPORT AJID ANANCL4L STATalENrs FOA THE YEAR ENDED 29 FEBRUARY 2024

MISSION MOTORSPORT LEGAL AND ADMINISTRATIVE INFORMATION TrustO8S klrA D Compw MrJ8Wky Mr M Comdi LieutenaTrl Gerernl R E Nugee MrCJT Mx E M CAtiton IApw¥ited 27 septe￿￿[ 20241 IAFwwiled 27 SertBthr M5 J R Kelway MrlSBur IAppo¥ited 27 Septe￿r 20241 Secretay Mt5 S Tthtnpr K&y MrA J Cawon ICEOI MrA Brwn IC¢X) Charlty numbor 1146159 ¢omp8ny number Prtncipai aoare88 UM 11. W&G In¢u51ri81 Esiaig Faritwon Roaj Oxf(wd51Mre Urnted Kngdom OX12 9TF Roglstor•d olfice Uwwi 11. W&G I￿U5111￿ Eslale Fan￿On Road EW Chak Oxft¥dstri UThtsd Kngdom OX12 9TF AUdI￿r Cr8s¢eni ft08d Wfythi Westsussex BN11 1RL Bank8YS ds Ba-• EC2 7HN

MISSION MOTORSPORT CONTENTS TrL￿5, [pp￿t stat8menloftrL¢¢ees' resFKnstsSiS Inde￿dent auditorfs reFKXt c￿￿1148d siaienient Ol￿r￿JaI Cons(Aidai8d balaice sh8et 10 Charity ba8rLe S Cons(Aidai8d stalernenl of cash 12 Notes to the ¢￿$￿￿￿ated [￿*￿¥#1 stattyiwis 13-27

MISSION MOTORSPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 29 FEBRUARY 2024 Th8 trustees wesenl t1￿r report aKI f￿a[￿jaI stalwr￿15 IDrthEyw etKIBd 29 February2024. fin￿¢￿ Itst￿n¢￿S havc been p￿Pared in ocwdonce vAth the 8xouthg set QLrt in notc 1 to finraicllil Stslemenls and compty ￿th ch￿￿￿$ and ArtMsofAss¢xJN)), the ch￿ties Ac12011. ts Companies Act 2(￿6 and "Ac￿untIry Reporting by Charitie5_" Stalerneii of Recunmended Pracbce ap￿￿able to charities pr8panng tt￿1[ aCCOLVrt8 in acc(￿dance Ihe Fwian021 RewtiNJ siarxlard ap1￿￿1¢ in UK and Rtrpubl￿ of I[e￿nd IFRS 1021".;eNecbve 1 Ju8ry 20191. Obje¢trwes and a¢ti¥th"es chadtls obj¢ls ctr)tinu& ￿ ￿. lo asgia wfyJnd8d. iThDX￿ and SKI( IWISI swwce pws()nd and Yeran$. by adv8ncing any lawful chariiable wrtx)se al ￿ dwebon ol ￿ directors in partiwWlw¢ Th)t exdLLsi¥ely'. . By raisi￿ a￿renesS of and &ucaling the gwal Publ￿ an¢ WIS ser¥￿eMen and women thernselyes aboLrt the piobletn5 fEced by personnel and ¥eteran& b en(X>LTaye social indusion. and to Use ywbng and training actmlies to help b(x)sl confKJerKe. ￿5[￿re ollw5 in Ihe a[￿ recxrrfeTr of WIS sewKE personnel. . By empowgring. e￿gIng inwrirw dtsaNed )d disathaniw £¥>m)unty by thtr prOv￿on of Irainwig and 8$$￿t¥￿e lo a tsam ofwthnded s8rvK8 pw$0nr￿ v8twan$ by wabhng participate in motorsport. +8y prowclng trainiry.eOJcalKn any clFer as>51zdre to er￿e fcrfrnerAmd FC￿ pw50nnd tofind ern￿￿Tren1. Trt trusl$e5 hawe pwd due regard to by the C￿ty C￿￿LS$￿)ft in ￿ldIn9 wha 8ctivitEs the charity should ul￿e￿ake. A¢hi•vemonls and p•rfomian¢ 2023-2024 ha5 been a gtpal PBmd for frO￿ls. The fooJ5 01 IMN5Pt¥l remans on IhE outcomes forthe Ar￿d Forces Coffffiunity I￿o￿gh ￿rn￿antra of Ra￿ l Retran l Rets)ver.' that is (￿r output pllar5 of 8wrt. and KKetiw- Ihe thanty's w(Yk c(xrtnues lo be itry)aGthJl. the ch¥ity3 replrtation in ese areasis very strary. In d￿l￿nng a candar of c(Mth13tKI wrt and activity to a WKlening p(x)l of beneficiHrE5 need throryh open arKJ elecbve 1XAL3t￿ral￿>n Yrith Otherch￿￿S as Y￿11 as with MOD. Mi￿1 MtrtOlSPLYt's rakvarta remans sknwj 8$ iometyJt by wsibve fdbk and a striies d 6xetryL8r mdivKILgls chanty h85 Th) in ￿￿1r￿j 8rwJ•J•Thnt-arKI so usry rfjcovery ¥yl as a coWk"rvJ piqrfm forour ov4n 8nd ther enblies tneans Ihat M￿) r￿}Very servKes arKI Ser¥￿echanI￿s ￿ able to reach th2 cohort In need al MM events in a ￿SItive colab(ralveway. k an exa￿￿. NHS DP COURAGE. veran mental health programme now $8nds ¢asewoth$ts 10 MM Gorththd 8nd SIve￿￿ ev8Its. Xkn tFigiw di8nts tofrtl a W￿¢r ¢ommuDiy as w811 83 to engage a new ￿d￿rt¢e. such a5 the Rwal marineSAs8￿ial10n use the c¥4endar as a sendi c8se workers with s4e¢ted berEfi•aries in uder to maxrni%e irw. Where I￿r annual NatioA41 Tr3n￿l￿)n Event an exem￿arfrr Corr￿￿nty b￿kIng. such rAaffrrni sharing has not gone noticed and the chaDty's w¢Kk Ths been recognsedts swwrt bithe Offte for Veterans Affaits in order to expand the sector inilK4bves' IntD ￿eaS (rfUK ndusty. Th￿ Ind￿ a1￿c3CY inkn were fi￿t txMeered by the charity in partnership Mlh The Royal FO￿￿at￿n ofthe Pri[￿￿ a￿1 prin￿￿ dwa￿5 Thjke ard Duthe55ofcart)ridopl. MDO 8nd SMklT In 2019. exparfing In 2￿21 to in&Jde the UK Rew*Aes sec A'SeGtoi Init￿tiVe, is Bn ArtnBd Forces erwJayEwDerrt Inithe I￿kedtOa UK i[￿u5￿Y bLKtyor tr￿eaS5D￿ati￿ to se￿e soctor of in¢ustry. Sethor iThtiatives prornote and share best pr&lice. exefflplasarNI help5 C￿￿paTh￿S to ac￿ and retai e%-ForcÈstaltni. They make thecomtnvc￿I CaSef￿ ArmEd use Ihe btxles a5 adyuxtes for Ihat (ause.

MISSION MOTORSPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 TW reinfo￿ and cann￿1 gU￿rrffierrt ￿rd 5ecror prtar the th8rity and rtssubsdw5 ywaied irtoffe crf£W.171. a Ij￿ 0[£180.875￿Mp3￿d to ihe prev￿￿$ year. EX￿ndure f( iheye8r htrweyer irtreased ￿gnalY by £15.48110 £1.039.328 from£1.023.841 in the prev￿￿8 year These ￿￿MentS resulted in an overal deficii l¢y tye year of t7T.157 W￿are￿ to a of É119.199 the prewous year, SG a dosry nel assets of [79.080 (xryared to £156.237. A 5tr0ry 2024 NTE which was eonducied ift Mèrch 2024. 8 sirM9 f￿etraS1 ￿1]h eady for Febtuary 2025's event, a￿Tr9 With successful Lknkncking ¢4 AFCFf inc<￿￿ gNe$ lh•Tr￿le¢ i)ard ¢crfNYenc in future iTKtyMe. ￿1th furfhfrr wortsireams Cluoin9 iThe prolesson84Wth)rn 8fN) expw el ivery. Str•tegi¢ Aims The MIS￿on MotorsFMn strdlegy ¢￿tinUeS b be a fwe for in Ar1r￿ Forces recovery sport, to offer visighl gr￿ support both lo those in IransilK)n and to k)rvJei lerrn vet￿ar￿ in need. and lo (knve the devel￿p￿Ent of DrnWehen￿ve pathwrys into relevan( 8usla eThpty￿t fOr5erv￿ vetetans. and their fatnilie¥ The key stralegic ahm5¥e". . Ex￿l￿n¢t in ddiveryofretovÈry SWtL to r*J. linked tofÈuJvw ¢MrttomÈs. . Buikling a Co[￿un￿l ofArmed F(Yces CoThnunrfies' seth ad¥( . Oevelowry the'm155￿￿ Cornffrtjnty. ￿ to St￿ on it5 .SÉcuring thÈ finarKa4 setrjrity 01￿chanty.

MISSION MOTORSPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Funthaislny Mission bAotorsport recei￿ ¥￿vrIary grfts frum Ind￿￿￿15 antl cryporate do￿￿￿. alw gants frryn other grant giving ¢troribes and amothL< ra sed v41 key evwts thJriThJ the year IA6sity) Mor9naied for8 wifi¢ use6hr￿by ideally be maintainwj al 8 lev818quvalenl io 6 n￿1h$ ol thgrity expwditure. B80 w ￿rrent a¢b%ily this w(MJld ind1¢81e an aim to ainlain re5errfe5 in the order of ￿[￿3k. Cleaty there is at ￿￿eSenta sl9Nknlsho￿￿l ol reserves to Ihi5 whith ran part bÈ exp￿ined by the current pet¥￿ In wrtKxJ&r b￿r¥ of InvestrnpntfrKfthwe gr(r￿,. 11 is intieasn9ly Clear Ihai whlsi the9r￿U81 acoJrnukbon Ol￿Ser￿S is g￿ThI fundèd this alrthwll not provide the'step chan rE¢essary I0￿¥e ￿ tsgrfyy ève in a re¥lL5tiC timetr¥nE. C￿$￿￿enlY fttus needs and %%ill be grven to mqor [￿￿￿er￿al futKw (¥wrturMties atKI Ihe ￿9ger ￿laborah¥e projects such as the Naional Transibon Event that show the most W￿￿LSet0 lrft re5etves I(Fv￿5 the knl lotMch the charity aspires. FLndanntally ￿ irueased fctU5 ts1 Ir￿￿ 9ereraDon ayoss alareaseri¥ity in wffeni activty i% key ID achiewro tris go. Al the end ofthÈ year the chanty had net assets of £76.011. and the c8nith wp W nei assets of£79.080. so showing a rowlive ¢verall reswves Ihe ¥id ofkn8 year. Future Plan8 Mission Motot5FX)rts Ttustees and [r￿￿￿￿1tearn (¥￿ue iow(xk th￿finar￿￿ tarws V￿ have set, to dekvei our cwtable ¢bFdive> We will contiw¢ to raize in￿rn¢-kn th¢ to Ihe rrwN)r corporate gTrnts- from ¥ river stre8m lo ensure conlhwing ddivery (rf sup￿.rtfr￿Qu[ benefic￿r￿S. %vrfh a p¥bCu1arf￿Js tmv t8venue gen8rating LpMwiti85. We continue tofolLwourstraiw which focuses on ¢reaiing Ihfr ￿seNe$ for IF meoum 8nd i¥1n. In the year ￿r￿er review. to Feiwuary 2024, Ihe Tntstees wjlbe executNe have t￿￿ ￿rt￿tiVeS Lw)Ih ID expanding the rarye otevents and In fund raEiry. al iwhKth ha5enabled the tharity to WKlen dfer lo wtentia bentrfickirEs, parhculaily in etnpkny[t￿nt optKxiunrfies. As in years. continue to fu￿ raLthrO￿ dwer5e inttxne wiang avibe&" • By apylicalx)n la granl-grVi￿ orgary5ats￿.. thrwh elm￿ragIng 1ndwid￿lI fundraNng efforts acbvety pw5uing online donati(xts". ar￿ txJiklirvJ a Syste￿t0￿1traCI Iw3e5. aswdl as attr&tin9 Ihe interest of ligh npt Worth br￿l￿dual domts Ihiou9h aseiiesefLfr8¢t app • Misson Motor¥ort events- Ihe c￿lty ays des￿r￿ e8th eventwe sel upand manage to en$ts￿ thal they are atlhe very loaslcost neutr4'. ar¥J othws- keyev9rts offnanLial sigtmficancg. s￿ Js IhD59 al the of During Ihe year under te%ryew, Ihe ￿10[[￿)tiYe intha￿ ¢CH)￿U8] to geDwate worthwhle TpvBnup. aT¥J Ihe links betteen rnotrsport UK ￿t(Im￿yE1r￿Stry cti)tinue toddNer new irx)yne r4)pOrt￿lt￿g. In￿￿dIng add￿ revenua from cor& Iraniw tsch 15 delNere(l atour ￿eTh￿es

MISSION MOTORSPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 M158on Mototwrt Iradngthb85- liV￿Y ThE rat￿2 ofcbthiw arKJ a550cked items wntinuestoaltract cuS1r￿erS. h (￿r w(ksW we fetain wr ¥ehK4e TapFMI9 Suite ￿n89er this Iled ser¢1Ce has manlamfjd devFWd CoThtr￿ ￿ Several yeh￿-1& rnanufactwers. TIMS activity undertsken thr(xJgh the charitys Imit&l IxthStytradiro subsblK4ry. structure, yuvewwbanGe aThJ rnanagernent Thè charity Is cDntrOl￿ by dixJJtnwrf. a de￿1 oftrusL atKI (￿S1￿UlS8 limitsd tompty. limited by ouarantse, a5 de[￿ed bv thE C￿￿paTr￿s Act%Th. trustO8s, 8r8 th& drtr(acrfs pur[￿6 of ¢onwny L￿. swv•JdurirvJ lh8 ye8rwr&.' Mr A D Comtkson Mr J B &aguby Co￿8nd￿r C ChBw Mr M fynflius Lieulenant GenerJ R E Nugee MrCJTate rMPJGarsd8 lx E M Dutton Ms J R Kdway Mr I S Bu￿eSS IRwed 11 May 20231 K)mied 27 20241 {A[w￿led 27 Sept￿er2D24) IN4Wlted 27 Septeffthr20241 Thp board Tru%tO8g at8 ￿S￿nSi￿O ￿ awThnting frusto8s. Th8 during Ihp yoar und8r r8¥Mv waa 9Dvérn￿ by a utTru5teES are (xmnmitted lu the ofthe chatity. Whw sdectiw and amK)intw wTDjstee$￿ exÉtry tr￿￿tee5 Of yowded by lh& Charity commis￿on in this respect. pknculaty in rdakntothvertyarKI Vets￿. During this rep￿r￿n9 perio¥J Iheexisbng T￿￿e& Saw ￿ [￿d knan expans￿￿ Qllhe Trustee erfJanJ. and del8tmin￿ lo broaden Ihe retruiimeni rth. wth new SWI. infyiewrt i￿luSb). finarte. professions. and serving officers of the For￿. ThE process abo yoviw an oKMurAty to broayen th$ recrutr(nl ptr)l in age range In equalty ofopwriunty. The Chararxj thp Dewty Char. a5 wdl a&the CEO. mBt wrth a wM1e range of polpntial randidates intr¥s seaith. arKI we tKmdd￿ted to haTr￿ a weal variety tfski115ets and exwtseto thtr Board. P￿￿t0 8pwnlrnent all wtenti¥ Tnjslees are Thrited to attend bo3￿ wÈetngs as r>bservvs or external advLrs and attend charty events ta gan a pthre ofthe organ￿n to ta￿[￿j ￿ theK fonna rdes Th￿. t￿ether wth a slruciured itKJucbon W(￿rat￿[ne and avaLybil ty of sUPkKrt I[￿n al existing tM>ad ￿k￿r5 and exBcuINe, 8n5ures that all tr￿leeS are ￿5t lo delNerI￿￿￿ethale￿ U[￿ aptr1jntt￿t. None of the truees has bene[￿la1 imeresl in Ihe ￿rr￿any. ¢Y 1he kijstees are rnembers of the o)rnpany ar auarantee tocontri￿le £1 Bach inthe event of a ¥￿[￿1rVj w. An pl(K￿￿me 15 in fLY neWt￿￿tee5. Disclosureof irrfoifftalion to audit Each oflhe trustees has Gonfirrn&l thatthere B tK) irrfortnalKm ofvJhK tlw are is rdevdnl to the audit. txrt ofvdhith Ihe audiiof Is w8w8r8. They have flther<￿fim￿ Ih81 ily have tsken 8pEtVi81È Steps b Kjentify r8levani infoimaiw)n arQ 108si¥blish Ihai the aLYiiof is aware ol$L¥th F)knmabw. MrCJTat2 Char oftru*e¢s Dat8d..26 NoveThber 2024 Mr J B BagAey Dated.. 26 ￿vefftber 2024

MISSION MOTORSPORT STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 29 FEBRUARY 2024 Th8 d￿rity trustees Iwhoare kth5S1L￿ ￿4(￿￿55￿￿1 I￿the P￿￿se50[￿Nnk￿￿YlaW) ar8 resp￿1￿8 fur prepann9 t￿￿ Irusleeb¥nwal report ar￿ firkqncol statewts in acwrdance W1h ap￿1¢&￿e law and United Kirydom Accounling Standards juni￿ Kingl￿Tr Generaly Accepted AccLwnlng Pwticel. Comp8ny Iwi requ'reslhe trustees10 piepare f￿ar￿al stsleTrnts x eth ￿a￿al yearwhth gve a true aryd Farwew ol the Statè ofafaiTS oftteharitable ec¥n￿y the ￿0Jp and ofthe iéswicesd applK2IKJn of res(wrca$. Icluding the i)¢ome exFw￿￿jfe. ofthècknaritth wp fcf lh [￿J. In prepatirothèfnarKial statements, trustee$ 8re requir&1 to.. ma%e NJdgemÈrts and ar(¥JntsVJ estimatss alè re8s£mablÈ at¥J wdent, • state aprlioabk UK Acty)Jnbng S￿￿¥[¢J$ have I￿10￿￿.$ubl￿ loanyrtialf ri￿ ￿9￿rtu[ disrlod and eXplai￿d in Ihe financial statements. piepare the [in￿¢￿j $tstern￿ts cn the wr¢ern unkss irwyte to pregjme tN8t the group and ar*y wll conlnue txNness. truste8S are resrthg4bk f¢r kaep.ry rnccrfs th8ldwh)se wth rea$￿aLle acwracy at anylm th? finanual posilion of the group and chanty enaNe tI￿n to ens￿￿ Ihal the fnanual Str￿ments comtAy wth Ire Comp8niesA¢t 2006. They are also re¥JtyBJk lor safegUardIr￿ IIE ￿t$ ofthe wp chanryana henct forta￿ng reaS{￿LIe steps forttp [Kevent¢￿ a￿1 det￿liOn a￿1 (thr iT8gu￿t￿$.

MISSION MOTORSPORT INDEPENDENT AUDITOlfS REPORT TO THE TRUSTEES OF PAISSION IAOTORSPORT lon We have aujited the financ￿1 ststements of Mtssx)n Trkn)rstKYl lthe'chatity'l 2tKI its subgdi3rie5 Ilhe group'l f(￿lhe y8ar nd￿ 29 Fabiu￿ 2024 C(wry1￿ thB c0nSd￿atad 5tat8m8nlol finan￿&1 lincludny consol￿a1￿j inCDTh arKI expendittjreaccwntl, kne omsd￿alPd baaTh2 51Ed. tre b313[￿ sheet. the c￿￿lIdated stsleffleDI of r￿fv flo%%s 8nd the re￿Ie￿ nobs to the finsnoal Si¥knD&iis. a sutmry ol sgnthc4nl PLqits. The finarKi81 reporting framework that has been in they prepa.abon s aNI Vrited Kingilom Account￿9 Sta￿ardS. cluding Finanoa Rewrth4g Star￿ard 10? The FinarKyal Rewtirx) StarKlard applic n the VK ￿ Republ￿ of IreL3nd (United GenvaltyAccepled Acc(LrfitvJ Pr&trel. In our0Fin￿. the staternents". give a true arxl fair vi&¥ ol the state crf trgrow) ￿ parent tharilable c(xrpanYsaPars a5 at29 FebNary 2024 andof It5 In¢xKning reS(K￿CeS and aEvI￿akn af resources. ￿the yearlhen et¥Jed". 8ve oeen p￿par￿a In a¢¢crfdarKe vfMI84 w8raity ACC8W ACC(vning vractsce.. ana have been r18￿d in ￿￿arKe1th th& tequ¥￿￿t$¢[the Compans Aci 2(Kffj. Bas1$ for oplnlon We conthcted OLJr aud Mi at￿Ord￿ I￿￿ro￿lS￿rNIard&(￿ A￿￿tir￿j IUKI USAS IUKII art aPP()lÈ law. Our t8SPDrNbliiEs wder those stsrvjards fur.hBr dexriid in kniforfs IwF￿1rf1es fDFlhfrauQitoflhF fina￿claI sralemenls section otOLr repcrft. We are I￿vrA￿ent ofthe charity li 3￿nts ilh the efvcal reQLIr￿}ents that are relevant lo wr a￿11 oflhe fnanaal slateThns In Ihe UK, ir￿￿￿9the FRC'S Eth￿1 sI￿dar￿, and we have fufilled cxjr other ettMrA responsibilities in aC￿rdar￿ t￿￿￿e requi￿￿ents. We b￿￿ve thal the audit e￿dence we haveobtained is sUffic￿￿t ar￿1 appft>we to provAle a basts ￿rOp171)n. ConclusiDn5 relating tD gDing concevn In aud￿ng the finanual Stslements. ¥ve that ¢rustees' use dihe wrocorwn bas￿ ofactwntiro in trt preparalxin of the fina[￿31 statements approwale. Based we havè ￿rfOM￿d. we haye n( HIe￿tir1Ed Materi￿ urThla￿lleS tpiatirvJ to tr¥￿ts or ttinditions thÈt. drwidualy wixllerbvdy, Thay cast doubt ￿ the Gh￿ty.￿a￿lty lo a5a wing concetn f(r a p8rwJd ofal sl h¥dvernants Irrrn when the fIr￿ne131 stAte￿￿t5 are 3uthc￿Sed for issue. OJr re￿￿bI￿￿e5 the Te5W￿bIl￿oIthe usiee5 ith res￿ io wtwJ (yJtKXrn de￿b￿ in the televant sectwjns of rep(￿t. Othor Inforna¢lon Tre other 1rlorma1￿n ￿￿lSe$ IF¢ infr￿rn¥￿ IrKI￿je¢1 inthe rewn other ihan Ihe fiwckil ststements and our udilofs rep(Yt thereon. TIE trustees are resrKnsHe forlhe other inf(wmatw ￿ts￿ed wtlmn 8nnu81 iep(xt. opinion on Ihp finarval staternents ¢Jocs ￿1 the otrw InfoqnatiDn and ￿ do noleXpr￿S anyforrn of &sGvranre cpnclu5KJn lhe￿n Our reswnsiblity is to read the olhv nlormakn and. ￿ (Jorg so. (Xm5K1er￿ethe[ the other Inrorrnat￿ is maiorially irtM$i$ient￿lth the fin)cial staièints or tyjr kn£Y￿edge obtned in the (yxjtse of tho èudil. N Oth¥wtsè apptrars ￿ be mateD31￿ m$s￿Le￿. Ifwe wjfyrtify SLth ir￿>$1É￿￿Q[ malal rywsststem8nts, we 8re required lo determine %*hethw kni5gwes r￿e to a material misstaternent in fi￿￿￿ ststemen15 thernsdves. If, based on the WDrk we have perforrned. we iondthethat there is 8 mat￿lti1 ￿￿$stat￿￿ of this otkpr inf(xrnaliW, we are required to report that facL Wa have ndhiw to report m Ihts rwd.

MISSION MOTORSPORT INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF PAISSION IAOTORSPORT Ions on oth•rrnatt•rs pv•s¢rknd bylho CryaThle5 Act2M6 In ourorAnKn. based M the work utKJertakn in the course ofixji ￿dIt. ihe inlorrn8bon 9ven In IhetnLSlees' report I(￿the￿an(lo1 yearforww the fmanuol ststements ere yepored. which Indudes the directors. report pryed for th& wrkws of(xmp￿Y L3W. is congstsni ilh Ihe fI￿an￿al st8lenients', 8TrY ihe dr8¢tors' rep)rt within ih&lrusiees' teFth has pre[￿ e￿ord8￿e with appS¢able1ogal requiteThents. Matters on which w• r•quYed 10 rewt by exeeFdion In ts Iwhl of the and Unders￿dI￿ Of1￿ chtywd rfsentr1w￿ent crtaYEd in the ￿￿r$e oftrt 8th1it. we hav8 not KIEnlffied materia ffl￿s￿atem￿ls in the trustees. rekKKiorthe diiectot5' rewxt ￿chIded the trustse5' rewt. We have nahiry to report ￿ respecl ofthefrjhjwng m8ws in C(th[￿Tres Act 21K16 reqLires port lo y are a50 the ditectors of thechantyfor Ihe purwse of WTnpary ￿￿. rE5p￿5thf(￿the WeParat￿ of the fnarKxa staternpnts arKI frjr being satisfied that they ¢ivÈ a Irut fair vw, and fc iniema Ctyltrd as Ihe tnts-.tres Is r￿sSarY lo •nabk¥ IhB preparation of finarbclal staternents that are Iree Mater￿ rlxsstaiemeni. wheljw due to fra￿ oreiror. In preparing Ihe fnanc4al ststements, tre knees aye resrmsitrAe wesgThg tre cWty"satMlIty￿ C%)itinue ￿ ¥ con¢Èm. discbyry. as applicab￿. rnatters rd3led lo g￿ng concem Us￿9 the bas￿ ofac(J)unI￿g ￿￿eSS ￿ trusteesether inlend to [￿uld31e Ihe Charitab￿ cixrwny (￿t0 cease (wation5, orhave.w reakstK 3hernatrye butto do so. Audllof5 responslbll(tle5 for the aLKlbiof Ihe financlal slatemerts rolech¥Es aB to ablain re¥s(￿a￿e¥S$￿l￿￿ w.' wtretherts SlateM￿ •s¥ whcleare free frgm material misslalefftenl. whether¢tse lofiaud Or￿[ar. and to issue a￿￿torS rep(Ki that i￿￿eS owrmon Reasonab￿ asSuran￿e a high levpl 0fa5sLran￿ but is wl a gU￿￿tee lhaL￿ ￿￿￿u￿led n a￿orda￿e with ISAS IUKI will ah¥ay5 (Iptect a material misstatement when it exisis. MÉsi8tsments¢an fr(n frèl￿ ￿tfi0r ale co￿￿￿ere￿ n￿terial If. individu811¥ or in t￿ aggfè9ale. they COU￿ regsLoLly ￿ exkWJ t liflu￿¢9the daL?s1ots￿USer¥ tskan on basi% Ihese financial Yatements. 1rragJL8r￿0$. in¢ludhg frJd. ai i￿lanCaS Ofntm￿¢CInkl18r￿a aThJ r•)uL8tions. We dèsv)n p￿¢&durS in line %viU) our regwnsbilitses. w11￿￿ above, kn d8le￿rnat¢n8I rn64at￿ents in rest￿ of irreguL4rities. fraud. The extsnl to vjhich procedures are oldptecknng vrtyuLfjr￿es. fr￿￿. ￿ detaikd bek)w. In and assewry risks of tnaterial misstat&m￿l in wpptt of irreg1￿[1be$. fra￿ non<otnpkn8n with laws aDd regulalwJns. our pr￿￿edureS irKILwJ2d thB I￿￿1￿9.. Obt8Thry ￿ urKlwstsndiry of the W aThY regu•t(Ky fram•￿￿k that trs charity (o8ra¢gs ki. fowsng on Ihosg and regulat￿n$t￿)I had a dffetteffeu ￿ the fin￿ stsments OPWions'. lJ)taThry ur￿￿StandIrY of the chatys pr(xedLYes fraud r¢sks. i￿LKIng kn{MI￿ of any ￿tual. $pècted or alw fraud, d DI8CU8sing amty)Q Ihe engag8menl tsam hth¥ and fr•JJ mpi£wJr in the Inanrjal $131wnents any polemial 1ThlicalN5 of fr8UdIh￿ rjllr and unders1onthng ofthethgrityand oUr%Ctor.sp¥￿ 8xpwwJn¢e.

MISSION MOTORSPORT INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF PAISSION IAOTORSPORT As a result oflhese ￿￿edUles. ¥￿ opwiunibes arwj ￿centiVeS thal tllay 8￿5t￿lhi￿ ts dHri1a￿e corTyany for freud. We a￿ also required to perform speofic procedures io res[￿￿ 10 the risk rrf m￿ag￿nI overritÈ. As ¥ resLII of performing th9 abovg, Identified loltyhlrwj areas as mosl likely to ha¥e an impact on the fina￿la1 slalgmenls.. eallh & ¥fety. eMI￿Oyment Wnh IhB UK Cl￿n￿sA¢1?nd Charmes All. In addition to the above, ow rryures ￿ reiF ￿08. OJr au(t vnrk has Lw¥Jertaken $0 that we mvl s￿1￿ 10 the th8ritys truste8S Ihost maiiets we are Nuled to $18te iothem inan 8￿rta￿. teport anJ ftrno otrw puw. To the fulw exnl pemiitted bv lav4. bve not 8¢¢ept or assume respMsility to anyC￿e¢1￿￿tha￿ thanty the thrtys thJsÈes as a bcty. for ouraudil work for Ihis refvvt. LKfor the opiny)ns we hwe [(Wry￿d. Robin Evws BA FCA CTA DChA Isenior &81utL¥yAuth loTand on bPhaKor&wnerA￿ Chartered A¢co¥rt¥rt¥ ststutory N4Jdltor Worthlng 26 Noverrthr 2024 Sumor Audit is thetrodiryj of $umerAudil¢o knrniteil

MISSION MOTORSPORT CONSOLIDATED STATEMENT OF FINANCIAL ACTIVMES INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED 29 FEBRUARY2024 Total Trtal fwids 2024 2024 2024 2023 Incorne fmffl= Dtrrbaiwbs and cha￿rtats￿ Kbvttses Other Iradiry a￿l￿tieS Inveslrnenls 510.9T8 45.761 187.fAM 221 21T,g)7 n8,585 45,761 187,flM Y21 645,72T 44,813 252,492 14 Total InGoTh• 744.564 2.171 1.143,046 enthturtr Raising funds 42.39) 42.390 99.929 Chab xbwbes 741.￿ 255.D32 996.938 923,W8 Totsl mowc•s expended 7842 255,032 1.039,328 1,023,847 Tax payab 11 Met movernnl in fvnds 139.7321 137.4251 (17.1571 119,199 Fund balarK8s at 1 2023 117.98rJ 38,257 156,237 37.038 Ftsnd balancès at 29 F•bruary 2024 76248 832 79,080 15,237 ecnsdida18d stal8ffW)t¢ffin8n¢k81 arj1wt￿ i(Jd8s all gairsaThJ in lh8 y88f. The slatefflentoffinanual athitEs all gansand k>s5es rwi5ed in the year. irKX)me expenditure derive frorn ¢ontrKiw actMts. Thtr Cortsol￿gted ststemÈni a¢1M￿s ako the wIrEm￿ts fvr an and exptnditurè 8c¢tyJnt under the CC￿panS Act 2(XJ6.

MISSION MOTORSPORT CONSOLIDATED BALANCE SHEET AS A T 29 FEBRUARY 2024 Fixed asse15 Tangible assets 12 67.WJ 73.195 Cufrtnt assels sio¢k$ DEbto Cash al bath and n ha 14 15 4.906 146.464 113.665 130.012 133.7 .642 265.035 CredltOV5: a￿0￿￿talling thje w1th6n one year 16 {241.7281 1156.1601 N&1 rxjffent asse 26.914 108.875 Total ass•ts IASS currBnt Ilablli 94.913 182,070 Crodltors-. amothtsfalllng afttr mor than one y¢ar 17 115.8331 125,8331 Net ass•ts 156.237 Income funds Restricted [￿r￿S Unrestrictsd futKJ5 21 832 78,248 38.257 117.980 79.0 156.237 truste8s have preparJ gr¢up ?￿nts ITr a(£rxd8nctsth Ara 21Kb. $398 thg ch8rfl￿$A¢I 2011. s138. Ihtr financ1 ststennts aptyoved by Tru$ta8sffi 26 No¥￿b￿r 2024 MrCJTate Trustee Company R￿tratIoN No. 07862605 10-

MISSION MOTORSPORT CHARrrY BALANCE SHEET AS A T 29 FEBRUARY 2024 Fixed asse15 Tangible assets InvestmenL8 12 13 67.WJ 73.195 68.199 73.3 Curyent asséts Stocks Debtors Cash 81 barls and li hand 14 15 4.906 125.59) 109.532 107.7CK) 109.841 722.3B1 240.037 Croditors: aMo￿ts tslliny w6thin one year 16 1198.7361 (133.T811 Nel cutt2nt assets 23.645 106.256 Totsl assets IEss currEnt liabilibes 91.844 179.￿1 Croditors.. amowtsfalling after more than ont year 17 I15.￿) 125.8331 Net assets 76.011 153.818 Income fund5 Restricted furwjs Unrèstricted furKIs 21 832 75.179 38.257 115.561 76.011 153.818 The ch8rrty has l¥ken advwt•)8 01 sedp)? 408 01 th8 C￿Mpan￿ Aa 2(K￿ arxj has not in¢luthd lis own In¢cYne and expendrture accoMI In these ￿n￿cK91 slalernents. The net c income over experKlrture for Ihe Peri￿ i￿l￿deS a def￿t of £77.80712023." £169.845 suWuslwhKh is deah Ythh ￿ Ihp stalernents of Ihe tharity. Ihe financ1 apryovfd by TrusteP¥￿ 26 P*MrnbBr 2024 MrCJTate Trusteo Compar￿ R•glstradoTr 0786260S

MISSION MOTORSPORT CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 29 FEBRUARY 2024 2023 Cash flovtsfrom operdting act Cash 9enerated 8,810 Invt$tin9 aGtivities Pw¢ha$e of￿91t￿9 assats ProcBEds on ($rwl of 1gib￿ r￿ed &s88ls I14.8￿) 110.OLKII 8.000 14 Inleresl rE<￿ved 221 t cash usod In Inv8sUng aCt￿￿tI@S (8.1691 11.9861 Financlng aCti￿lIeS Rpaynntof l￿￿k Its￿$ 110.OWI 110.OC4)1 N•t cash us4d in financlThg acth*es I10.C￿l 110.OQOI Nat Increa￿{dO¢rea$•l In osh and cash egulvalÈrhts 20.131 13.1761 Cash and cash equivalents at beginThry of 113.ffi5 116.841 Cash and cash equiv¥vnts at ond ofyw 133.7 113.665 12-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 A￿OUnt￿9 pol￿195 Charity inlarmBtit Mission mot￿s￿rt c￿1￿} 15 a wivale ¢￿￿nY Iwni19(I try guarante rwrswled n E￿Land V18bs. registsred offKe Is Unrt 11 W & G I￿U5￿￿ Eskt< F￿r￿J(kn Road. w￿laYe. Eng￿d. OX12 9TF. The ¢￿$￿ts ol Missk)I 8ntl its sUt￿￿e1 Vot(wx)rtTradirvJ and k4159on consu￿ng sP.rv￿p8 Limilp.d 1.1 A¢eountwvJ ¢on¥enti The finani81 st¥ierrÈnis hale been wepwed in 8¢ccdartrilh Ihe th8riWsartths of ￿0¢￿tron. the Companies Aci 2006 and"Accounbng and Report￿9 by Chari￿.. SLatenwi d Re¢1￿M￿Je￿ Pr¥tre atvlicable locharities prewbig thar aceaunts in aec1Ktsn￿ ¥thth the Fn4ncial Retxyuro stsndard ap￿ltaNe in Ihe LJK and Republic of Irdanu (FR$ 1021. las ¥￿nded perm￿S from 1 January 20161. The charity is a Publi 8enefil Entity as defi[￿ ty FRS 102. The charity Is a quaityng wltylor purwse$ OIFRS 102. bwrvJ 8 member018 gTWP ￿tter9 ihe parenl oflh81 group prepares pubSdy avail finarKial $taleMen￿ ￿¢by1￿ this cWly. whth are iniended lo gNeg true far ol the assels. latxlitES. hiaTrcialposibon and resutt tr￿the The chanty has therefNe taken advitge ofexernPl￿￿s from he folihiTry diSCk￿re ￿1[er￿lS for Wrent ch￿ty ￿f0￿￿t￿n KKes8nled within thè QnsoIKlaled finarug stalBmetts". Secwn 7. Statement of Cash FloA8' Presenlabon of a ststerrEnlofe￿ fiow relaÈd note5 and Sec￿￿ 11 'B3sc Financial Insthents. arnl Sec1￿ 12'(Ah￿ Fin3rKia InstNment15sves carr￿ng arnounts, interesl I￿(￿￿eleX￿Se and nel ga￿￿55e5 ea( L3tegory olfinanTral nstruTnent." bas￿ ofeeterm￿l￿Q valws". d8tsils Orc￿￿10r8l dBf•JltS LY b[8￿. dBtaL% of WgB¥. h￿d￿"n9 YauB (tharvJes recognised In profrt or loss and ￿her cOrrprehensi￿ ir￿1]me. A sewate Stalvnent of Financi￿ Activibes arnl Inu)nand ExpenditureAcryxmt foi the thar￿y ha5 not been presented t￿ra￿se ts (•has taken adva ollh2 alknded by 408 ofthe Companies Jxct Tht finan)81 Stak￿nts a￿ wep2￿d ￿ stediry. ¥Jh¢h is Ihe (gJrwwollb& d)8rity. Mon&ary8mounts these finan¢kg1 ** lo tho wrest £1. The finaTroal stalements have been Frfepwed urthrthe tristorica o)st ertti)A. Tr wiicp81 attwntirg poloes adopled are sel out bek)w. The ch8fffy Is a ctrwny IY(i¢ed by gJar8ne aThJ has no thre 1.2 Golng ¢on¢om These ffi￿a￿a staiements have teen wepared on a (n¢em b￿. The trus￿9 have c#nsidertd the relev)I Information. I￿lu￿￿ the ¥nrrtJal and (¥shknYs unid the end of De¢emter 2025 and Ihe impact of SLtsequenl events in maknng ￿￿1r assessmwt. The chanty gas at all times been atAe lo m￿t its Iiablibe& as th8y fall due_ Whilst the rernalrtnj econcThk ofthe COV1ts19 pandernk L5 reduckd. th15. wh2n rK>W comblned wlth the currenl econom￿ enYhTfftrnwil arNI (xwng ccsl of INiThJ Cha￿r￿je5. ha5 had a Itnpact on charities operaions, In parfivJlarlh8 ch￿￿1￿j avj Lalengng nature ￿ (utNtr•wg. Whlst the war in Ukr3ine contsnues to heighten publi¢ awareness of mlitary ￿$￿e$ this B not thre￿/ kniefKial to the ch￿ry and indeed puts a tyrthw ￿11 on already IKnit8d aval&lefundiry. HTh￿er. I￿et￿￿teeS have perf(ThEda [(rt￿t anaty5￿ of fiAure ￿shfiows whi15t tsk￿g into account these pukntid iryacts. indudng consideration oflhe eftectsvenpss ofavalLq￿e measures to assist in mityabr¥J the wry)acl. BasBd on these n depth ass¥sÈn)ènts to the w8¥tyJit698v8Iable lo thè entity. thtrtnths h8Y8 condwled that Ihere Is no rnaknal uicertanty in rfaiicn ￿ ￿8p￿0[￿a￿ess ofconinuing ty ￿0p1 the gtsng conGEm bas￿ in weparing the annua and ￿(￿nts. 13-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 ACcoUntw￿ pol￿•e$ (Continued) .3 Charitable fvn Un￿trthd are aw￿L￿lIe use al￿ dwel￿ of the trustees fu[thera[￿ ofthertharitatAe obiethvps. Re5trthd sutyectlo S￿c￿Cco￿￿lKx)S by dorKM5 3S to theyrnay beused. The pu￿Se5 and use5 of r£strictpd fvtKIs ￿ 59t wt ￿ thp nrt9St[>ttwfi[K￿0 statgmrt. 1.4 Incomlng resow¢es IrKorne 15 recognised wjhen the clwty is Wty er￿ to rf afler any pprf¢Tha￿￿ cotKlitKns have t￿en the ntyJnts ￿ bB T￿Sure￿ rEhabty. aTrJ ￿¥￿abl8th8lrt(V￿e il b￿r￿￿ed. DonaiK)r&. gfft$ are then retoNab￿. kn th?eve￿￿t a dr￿81￿￿ Sutiact 10 fu￿111n9 perlom¢e ￿r￿j￿On$ befNe the ¢hty 68nts1￿ lo fur￿$. ihe is deferytd and wi re¢(4nisèd until 11 is proWe that these wndiborts wll be luffil￿d in the re￿hr￿j perkThl. Inc￿Me frcffi &ft Aid lax redBim5 is fB(xqrised for Èny donat￿n5 th relevant Grft AKJtsx ￿[tifica[es as irKcine forttE yea. Olhef Ir8diTh) 8¢bvits are fftasured a t￿18￿ veel i17e£￿$￿er¥twY) ￿tiVed vrew¥8L 8nd ￿presents amounis reCe￿able lorgtK￿s rKovthd in the wmal ￿fs&￿￿J$￿e5$. nel ol¢Jw)unls, VAT and olhr sa￿S rekt&J taxes. 1.5 R￿U￿¢85 •xpended Expenditure 15 ar￿nted on basisand has been dassifd urnr heangsthal aggregate al w5ts rdaied to fv Cgory. Where ¢ts%ts ￿ntst bÈ alts￿led hea1n￿theY havé been allotaiéd 10 aclmbes o)nstslenl thB u ofrpscurces. Expenditure on rd￿Ing ￿n(l5 Ir￿￿ al experKlthre hTrLyJrTed ty tre charityto raF fthids for ts ￿tab￿ wrw5es and ￿$ts of811 fvnjrawry actywtses events arnl noTrcharitable tr8dir EXper￿lIU[e on dntatAÈ bwties i% intsJrrl on directy un(￿rta￿lI¥j the ftharitys obJocti¥es, as well as as$￿1a￿ o)sts. 1.6 Tanglble flxed ass•ts TangIb￿lL¥ed a<sets ¥e intsty r￿S￿red at costarKI sub5eqUentymEasur￿I at cost Or￿luatiOn, netof de￿￿￿110￿ and any ifftparrNa￿l k)5se5. Depr￿al￿)n Is so a¥ to Qff Ih? c(él ty valLbW of asseis less th8r resKlual values over IhFir utselul livv¥ on the fulknviry Lws. i a￿ equp￿nf F￿l￿reS and fitt￿95 Corryuters MO:¢rVeh￿es 33.33% kwanrrtthm straightli 10% to ￿.33% straight line 33.33% w8nrwi stra￿h1 line 25% pw ¥.num M thintshkng tr4arts120% pgr 8Dnum slralghl The L¥ I￿$ arwNJ ofarb 85 theiffar8rth t￿en sal? Pfo¢e•ds and Carryr￿ Y￿ue otthe assei is rwised in ts slaterrw1olfir￿cl￿ activthes. Assgts in lh8 cours9 8r¢ rrt)tderKewaW. 14-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 ACcoUntw￿ pol￿•e$ (Continued) .7 Impawment of fLted •J8ets Al e3ch reportng end dale, the (arityTewews raTrirvJ arn￿ts of rfs tangible a￿ts to deterTrMnp whether there 1$ ￿Y indica1￿Th thatthosa isss have suffered * Impm￿l bss. If any suth i￿￿¢￿tion a￿Sts. rtctWtr￿ amount of the 3s%et is estirnattrl in order todetenire the extenl of ts inwalm￿t kiss Irf any!. 1.8 St￿kS Stock5 3re Sta￿ atthe ￿r01 (xsStaNI estrnaied selitwj rASsts to cA￿p￿e sdl. 1.9 ¢a¥h ¢a$h equfvolfrnts Cash arh¢ cash £ywiYalentS I1￿l¥je cash in harvj at cal %%ith banks. 1.10 FIn￿¢131 knstruments The d)anty and group hasdected to ¥ply the wovE40r6 O[ser￿ 11 'B8sK Finwl InsmJrrtnts' and secti￿ 12 'Otrer FIrK8n0￿ Instruments Iss￿. ofFRS 10210 all of its fr.arKial ￿stsWn8nts Finanrial instsurnents are rwi5ed ir the charity arKI gruups baL9r￿ stEetthen Ihe Gharityand goup bea)me party to the ¢¢>nwua prthisiM$ of the illStrumenL Financkal 85setsand labiitEswe (fvt. 7lh the ret arrthwrbts wesented m the finaTh> slalenEnts. when there 15 a I￿allY enfor￿a￿le rightto set off the recogn￿ ￿tts there is ￿ Intent￿ to selde ona net bas￿ orto real￿e e asset and settle Ihe Iiablty ￿MU￿￿e￿LIs1y. BasK Issets Ba5￿finanC￿l assets. irdud8 deb￿$ banx b81grres. inthally measu￿J 81 fvs8cIN)n prK Induding Irdnsadon costs arKI are s￿￿￿￿ed at aThKXb5￿ ￿r￿j tre eltectwe nlerest meth(xJ unless e a￿a￿eM￿ta￿sEIWtrS8 fn9nong i1￿￿1￿. wtEre tre transauw 6 nEasUr￿l ai present value ofthe future receipts (sc(xJntsd ala market iaie of interasL FinatKial assets &3ssified asr￿￿¥ab￿ wthin one yearare not amoibsed. Basic fjnanclal liabilltse5 Ba5￿financr￿l liabililiQS. ￿CIL¥tIng cr¢dtors wd bank k)ans aro iTrlialy rècog￿$￿￿ at unloss lh• arrangement Cwstitufrsa finan￿n9 ￿there tre iJÈbt Insnmeni B Measu￿ aithe present vaue of the future payrrEntsd1s￿Unted ata mathel rale of intwl. Fina￿1 IK*ylrfie5 dasgfied 8$ withn ye¥8re not amorhsed. Debt instsurrents are subseqwty cwwy al 8mutEed cc6L LLyng tts Int￿$t rate TrEirth. Trade creditrys zre ON1gat￿n5 to paYtr￿gcths Orsery￿Strot have been at￿￿re￿ hi the ordinary course of opp[&(￿$ supph'ets. knounts pa￿b￿ are rknifEd a5 C￿T￿t I￿tI￿lIeS If pÈ>ment is due within one year or les5. W wl, they are [￿s￿le￿ as [￿￿u[lEntI￿thS. TrBd8 GreditO[5￿ recOw￿d lryti￿lY al Iran&%bon wce and subsequenlty rneasU￿d al amutised tJ>st ￿ng tre effeclwe Fileresl DeTh¢oythiNort of fin&n¢ialI￿bI1thS FinanGral lthilibes are derewused y￿en chatty's ￿ljaI￿$ expwÈtrare distharged orra)cel￿. 15-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 ACcoUntw￿ pol￿•e$ (Continued) .11 Taxauo No proYNon for tsxatiTr4, deferred ￿ othetWi5e. has in tharity finaTKHI strdlerNents as m￿51 Mototsp)rt ts 8 tharity in a￿da￿e¥lIth the C￿be$ Act 2011 arvj 1$ 9xeftwl frem laxation exc￿ Value Added T¥x. prOV￿ed that incom and gains are for charilable wrrx)ses S505 ot the Income and CowaDon taxes Ad 1￿8 8nd S.145 oftrE Captsl Tax Arl 1979. Cutrenttax Thp tax currwlypayatAe ￿baSe￿ laxable ￿. Defe￿ed tax Defertyd lithh"￿ are generaly ieroJrknsed tsal brriThJ dINer8n￿ aThY deferred assets ¥e recow6ed to Ihe extent Ihal it is probable thattw reccNered against the revers￿ of deferred tax Nether￿lUre taxa&Ae profits. 1.12 Employeo The CDSI of gny unused ￿Ik￿yen11tl￿nl is rett9n￿ irr ￿ per￿ the ewYeeS￿lees81e ￿ceIVed TermI￿tion benefits are recogn￿1 YThrthaielyas an expense charity ￿ detrKJnstra)ty cotrWni￿ to ieMinaie en¥d¢)w(ni rrfan empk)yee ￿tts provth iemiFl8tKMI t¢￿ffts 1.13 Lea Renl¥b p8yatrAeunder kases. ase rwti¥es wtived. ¥e (tsged as on exrense on ¥ strai￿1 lybe ba￿S over Ihe terTh ofthe reIewdnt￿e. 1.14 Basls of GOn￿lIda00n The go4) firncl stements trose ot the •d 0fltsa￿drwyufyye￿kn￿s made up ￿ 29 Febr￿ry 2024 In fi￿1. Subsdiaries are in IW finaroal ststernents on a ltr by line t￿$1$. All intra.grixJp transathTris, ba￿￿. Y￿rne and experw ue dirnjnated on 0x￿￿dat￿)￿. AdN5tments are madeto eliminate Ihe tranwti(MF V4ith ass(KiaW to Ihe extenlol wp'5 interfyst n ttv) wlty. CriliL¥I accounlinB esti￿th5 Iri avv1itsi￿7 vl Ili¥ Uyaiily JIKI y[wysJ(u￿l1bIwj Ilw Iwuiifj&d io ni¥kEijudwiikTrillS. eslynates and aEsUrnpkn￿S a￿Ut1he carryiry a￿ul￿t0t assets arKI lat￿rt￿5 that are not rea￿lY apparem from other Sourcès. Tha esbmatss andass¢)ttÈd a￿)mpt￿l￿ a￿ baswl ￿ htstoTKl experwrfx arKJ other fattotsthai aré nsKJ8red 10 be rdevanl. Aclual rFsLd3 may (lffw these￿I￿ales. The WLI urx19rt￿ng a6swnpkns [Fy￿W9d on 3n orwng bws. Rev￿K￿KS to accounbry ￿[nates arg rec(¥Jnised in the per￿￿ in Ihe e5bfftale B re￿S& twe r￿LS￿￿ affects only Ihal pwi(xl. or in the p8riod of the re¥isK)n Tulure peiN￿5 where the reM&on affects tx>th cutrenl ar￿ fLrture peri(Ml5. 16-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Dona1k￿$ and Group Unrp5triGted futK R45trfcted funds Total Total 2024 2023 Donat¥)￿ a￿1 gl15 510.978 21T.fA17 728.585 845.727 charty Total fund5 funds 2fy24 2Q24 2024 2023 DoDalvJTrsaTrJ glts Grants 579.4 579,404 217.607 777,767 162. 217.607 217.607 797.011 940.727 Within the grDup compa[ai￿ £162.960 of thnaly)ns at¥J grfts w8tB restriLaed. olher amounts wfre unreslricted. I￿lL￿lIng ￿lS receNd. Charttable athlues Grnup ¢haffty Alprchanthvd M•rchandi59 sales saleB 2024 2023 Sal8 ofgoods 45.761 44.813 In Ihe current a￿1 r.(ynparAtiVP perKxJs all irrnlrThn mwrthan(se samwas unr2strc 17-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 O¢her trading ¥livltl¢s ¢hJrity 2024 2024 2023 2023 Retharge of 51aft u)5ts 92.294 16D.198 86.5 127.294 141.1Q4 OthwtraditvJ aElvths 187.604 252.492 86.5 127.294 In tr curyeni and cc#nP8f8¢Ne per>Js all ir¢cthelrcAn cthrtradr¥ w85 ￿Nestr￿le￿. Ralslrng funds Group Total lund$ 2D24 2023 Fundraisin Advert￿1￿ O¢htrfvndr8J&n9 ¢0Sts and ublKx 87 16,348 818 25.B25 FundR YJing anrJpublKIty 16,435 26.643 Tr8din Surwrt ¢osls 25.955 73.286 42.390 99.929 In the curr8nt 8nd crAnparalNe per￿￿ all cr6tsrfr8￿Y￿ flmds unrestrthj. Char Unr•strl¢ted funds Tot•1 2024 2023 FundTa151 Advertiwrvj other￿ndra￿ry costs and uts1￿1 87 16,34B 818 FundtaLsiDg andpublw* 16,435 26.643 16,435 26.643 18-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Chaitableactibities Group 3nd cha hvr Costs Supffi¢osts Total 2024 Total 2￿3 2024 Auditaid acci)uTrtaryfees Administrabon costs Ddivory ¢J)$ts Ovetheals 34.307 34.3Q7 71.311 835.074 19.816 30.390 B19,70B 255.032 580.042 iG.246 255.032 741. 996.938 923.918 lft IhÈ C￿para￿Ve pPn￿ £159.265 of ÈxpendinJrÈ diatits￿e a￿vitte$ wrds restrthd arKJ [￿na1nder was unrethdBd. Trusts88 Noneot ts trustees lor anyper￿S conne(tsl Ihpml anyremunerd11(￿ or beThts Iroffl the thanty or it5 a550c￿les and subsdiaDes (knng or weuxJsyear. No1witytrusl￿ [￿1Ved payrnenl f prof8s$h)nal or cthw s￿￿8$ SUp￿d to tr ¢Wty. Non exchange transacllor Dunng the y8¥tHo trackiJ8ys were lor fr lot*11￿ a f8dr of£24.IY)D12023- £24.(YJ)l. The fair value otassels donated lo the thanty in the wrrent wiwas £nil12023.£10.IXX>I. 19-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 10 En¥Jbyo¢$ Group charity Numbor ofernpty•s The a¥erB9e Thonlhly [xJM￿r durirvj thÈyear%". 2024 2023 NLVtthr Hum￿r Management Administratson Vocat(ml WorkSnOP 16 Wages 8nd saWES cKg1 socurity costs 0th￿PenSK)n costs 578.415 555.577 53.703 10.744 12.S)8 645.887 s20,￿24 2024 N￿thr 2023 Hum￿r £70.001- £80.(AIO £80.001- t￿.000 11 Taxation The chanly Is 8xeny ir¢m as 1 its irtm 1$tt•tsb￿ and is applied foi th8ritaNe purposes. aclriibes of chartys tradiry 5ubskfiaries. miss￿ Molor5PCrt Trading L￿lled and Mtssion Cc￿Su1tin9 Servits5 Limii&l. ar8 Charyea￿e to cotwration laxai thp rate of 19% on txrt dtsthbuted to Ihe tharity. Thè cothin (*arg8 to ¢(XkWdlK)n tax inthtryearwas £nil I￿. £ryll

rno o& t 00 C)

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 13 Fixed asset inve51mer Grow> 2024 Charity 2024 2023 Invesknents in suWwes 2QN) 2LY) 14 Sti)￿• Charity 2024 2023 2023 Fni%hed gmds ￿ ￿ldS tr￿reS￿e 4.834 15 Debtors charrty 2024 2023 2023 Amounts falling due within one year.. Ti8d8 dabtrKs AmoLnt8 o%ved ty assouaie w￿erta￿Jr￿s Prepaytnents and acC￿ed 1(￿.625 141.556 61.975 28.771 16,954 105.597 15.694 19.787 19.787 129.412 145.864 101.7LKI 141.078 D8fwr8d tax asset 1Y).012 146.464 107.7LKI 141.078 16 Credltors.. 8mourts falllngik*wlthkn year Grwp Charlty 2024 Cha￿ty 2023 2023 Bank bans Othertaxatvn and 80cig1 ¥wurity Deferred inc(xne Tiade creditors Amolnts owed to asstuate urmlertakirws 0th8rcYeditLY5 AGcrua15 18 10.( 31.727 159.￿$ 13,312 10.000 YJ.710 60.788 16.307 24.140 10.0(h) 20.023 134.191 12,718 10.(AYJ 18.869 49.945 14.979 19 25.035 14.953 20.320 21.804 241.728 156.160 198.736 133.781

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 17 ¢rfydltws'. amoynts lallingkn aft¢rmorn than y Group und ¢h•rity 2024 2023 Bank knans 18 15.833 25.833 18 Loan5 al￿ overthaft5 2024 2tr23 Bank k)8ns 25033 35.833 PayaNe wthin year PayaNe afterone year 10.0(M) 15,833 10.(KKJ 2S.833 The twk loan is 1￿% g￿￿teed by Thè loan taTries8 fixed ￿te￿$t rate of 2.5% pe[￿rM￿n ts payable over 6 Y8¥sfrO￿ the dalt of rttept. 19 Deferred inGorne 2024 2023 other0efe￿Y Irtcff 159.885 60.788 Deferred income al 1 March 2023 Released frotn pre￿(￿J5 ResOUr￿￿defeT[ed in the year 60.788 160,7881 159.885 68.485 168.4B51 60.788 D@f￿ed irK(Nne at 29 Febn￿ry 2024 159.885 60,788 Deferred Inwne rdates lo grants rec8d rdaled tem￿ aii•8d whth rd8te to futwe perN)ds 8nd inc￿8 reGeNed Thyew gnd t￿traIn¥￿ c￿￿e5 inKMces notprwde(l al year end. -23-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 20 UDrestrf¢tod fvnd5 Th¢ Lrfft8lricled funds of the chortyccffiwse the uncxpcrthy bolancesoldongtiofis and gronts which orc Th)1 tUb￿ct to speofi¢ condilryE by and tyanto￿ as t¢ Ilw These ir(Jude designaW funds which h8¥8 been set aS￿e of unrestricted fuNIs by Ihe trust￿ pU￿￿s. At 1 ￿23 I￿G￿Tr9 Resources At 29 February 2024 Genwal fuThYs 117.980 744.564 1784.2961 78.248 Pr•vk)us yoar.. In¢omlng Rosources At 28 F•bruary 2023 General furmjs 930.086 {864 5821 117.YJO 21 Restri¢t8dlunds Group and ¢lbarfty The ￿lD(led fundsofihe tharity c(An￿7$ethe UreXr¢￿Yed baL9nces¢y¢crf￿A￿s8nd grwishdd on irnsi subject 10 speuf¢ coThYilk?ffls by¢knN5 as lo b8 Lffjed. InccffliTrg R•sourte Ba￿t expendod 29Fetsruary2I24 C￿pabO￿a Therapy supry￿t 8ardays l>ant Veterans Foundation Atrned F[￿CeS Covenant Fu￿j TwstVPPP- S(xJth West 832 25.fkn) 16.612 125,rx)01 116,6121 34,XJ3 27.( 134.3031 127.(QOI I11.(￿2) 125.8131 ABF- The Arnws Natimal Charty Armed forces wvenant Funy Tru* VPPP. Wa Armed Fcrt8$ Covenant Furwj Ttust VPPP- MQL•ThJs Armed F￿CeS Covenant Fund Tru5t- Wcth Experien Armed F(wces Covenant Fu￿1 Tru5t- F(Kc9f(￿ Change -Thre& SisletS Amied Ftyces Covenani Fur￿ Trusl- Communiir 25.813 32.125 132.1251 (S.￿)0) 17.818 177,8181 38.257 217.608 P55.0331 832 -24-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 21 Re$trictedlunth (Continued) RE50urces BThGe at28 •xpAndÈd Fdxuory2 Ocwpabona Therapy SuprAxt Barclays Grant Veterans Foundation AtTn&J F(Kces Covenant Fund TwstVPPP. S(xrth West 832 16,230 &32 25.(KK> 141,2301 13.3881 40.697 18.750 43.750 (40.6971 118.7501 143.T501 Aimed Fcces Covenani Fund Tm$ VPPPt- W8bg5 A￿ed Fcrt8s Covenant Furwj Twst VPPP- m￿L••j$ Armed F￿CeS Co¥enant Fu￿1 Trusl. WcK#YL¥Y Experien Atmèd Ftr¢e$ Covenant Fur¥J Twsr- F(￿ftr ¢tr￿- Three Sisters Amied Ftyces Covenani Fur￿ Tru#. Recovery Sto1 Armed Fcc8s Covenant FurKI Trnst- Fcrf¢efr* CFonge_ Three Sister5 17,51VJ 18.375 13,7501 32.125 14.2001 11.7501 1.750 1.7 I1.7￿) 162. {159.2651 38.257 -25-

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 21 Re$trictedlunth (Continued) O¢¢tspotion•l Ther44)y Support. to Wovida dire¢1 ￿pP￿t f¢rlh ofOT equ1F¥nent￿d io C¥)Yer eApen?as for OT ¥o￿nteerS working In cirect SUWAXt ol MM bene11uar￿. Barclays- Provh4ing rMIIi-5Ear fwdiw to UK ciarities lo ¥prx)rt svtrerable peop￿ imp￿led by COVID-19. arvj associ¥i8d SOC￿ ¥vJ e(1J￿[[￿ hatdship tsLsed byth8 LTi8. FUnd￿g ts frxud on supporting chartii pathers who are meeting the ThmedL4te needs of in ￿ru￿rThur￿lIe5. inclutSng low Ineorne families. those tsing fin¥ro¥l hardthp. is¢laiel dderty pe¥Ae key ￿ker¥ V•tsrans Foun¢athx)- The gani be e¥dusNety ropart tr $8 ofthe Trahnir¥J M8nag8rfoi 12 M￿th5 who ￿ reSp{KNb￿ kKdelNenrvJ waLKal lo Mokxw ￿Fd Sludenls. iTKluding and espetsauy WIS bertfitsanes wth isstyes in Mission Motorsport"Reir84n" pro9ramme. Armed Forces Govenant F￿MI Trust-Veteran4 places, pathway$ énd People IVPPPI South INe$i- onè Of 1Q funded w)rtfdio projects across the South West ￿)rr￿0 ￿ mardged by Invickns Games Foundabon. Each portfdK> works regi￿allY to devdop bdter, rrxjre wxxtfor W YeteFans w4h menta trEalth needs. Armwj Fortes Covenant Trust- vele[ar￿ Plac85. Pathways and PeDple (VPPPI WalES- Oneof 10 funded porttdio projects ￿r￿$S the Welsh pMt(AK) is maryd by Adferiad. Eath portr01￿ ￿￿rkS reg￿llY lo ￿￿￿k)p better. more up lasbw suptKYt for kKal Vetw￿lS ￿th ffenlal heahh needs. Arrn￿ FO￿8$ Cov•nant Trus¢-V¢terarN Waces, Pathways and People (￿PppI M#llaYth- (hie of 10 funded p(thio projects acr¢6S Ihe UK Tr m￿[•￿ pc¥ttcdÈ) is manw by DMWS, 'Jcwning the dots. M dlands Veterans wellbeing allK?ntt. Eath portfohowtyks to better. up ￿st￿9 SUPFQrt ￿loCal Veterans menw h￿th needs. Armed For￿9 ¢ovenant Fty￿J EXwiM￿. The %%ill w)VKle over25J intSvthYual opptrrtunities snnually ftr veieran$ 10 a veterat￿ed. rpts￿ deygrÈd 241Y Ixrtdorx ÈxkriencÈ in the North ¥V8$1 ofEng18nd D&lN?r8d by p8rlw E¥pwerKS. proitra wov¢es a break fc tsrd to reach vderans a)d Ihrf8milsuèatiYJ menknies aThJ skil& AMI￿ Forces Covenant Fthj TnJ#. Fov¢e lorchaty. Tlweo Slstyrs. TriswpvAII a#iwties81 Three sisters circul. Creat￿ by Wigan C{xJ￿1 atKJ kabng. L¥kng cars. The events offered by the group will draw ieteran5 SP￿ ofter a leyel plawng fjekf I(￿d￿￿b￿d atKJ able.LKNJ￿d ￿ter￿n5. SE5￿0￿5 wll Include car C￿tr￿, o track eXpern￿ and traniro. Arr￿￿ Forces Covenant FwKI Tru5t- Recovery Spwl- Tr grow>w41 offerout(knr, inckJ5i¥e act1w1￿5 inclu(ng visits io ￿rth0Od. S bErorE. & Thruxtw. car(mtrA sessicns. 4x4 exppJErtr5 and thver training Each ￿l￿ty is ￿S￿ned lo be nspYalKThI I￿ALSiVe. tHJldiw confith￿? fti8ndships and being led. ABF The Ami￿8 Naiionai Chanty- Prov￿$grants to serv¢e cfianDes to SL4)Wrt mose In 01 nave ft me Bniish Army. ABF tKovQÈd £27.(m offuThtirvJ kn covÈrtl¥ee Èknents cl thtr charity. R&e- RÈtrain- Recover. for Amy bwefioartss. Armed For¢89 COV￿40 FwM1 Trust- Th￿ Srdters- Thi8grtyJp 8cbvibes al Thre8 Sislers clrr)Jil. crea18d by Wiuan Cixjncil and used kartww. art (zrs. The events offer2d by the woup wil drawvelerans into sP(xt and offer a'level pL4ying field, fDrdtsatièd NJ ab￿b￿l￿d }￿Èrats. Sessiotts WAII indudp tar tontrol, a trk expenence arKI driver training. Arrned Forces Covenant Fwwj Trust- Mtss￿ (4mrrwnity. Provthj a new OVA back grantftr'sector initiative. inilialNe. n pbGe to a￿1 share best hartwexernrlar5 and retsin ex-ftsrtes

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 22 Opor4¢ing 100sg¢rJrnrnitrnw Lessee Al the rgp(Kbry wd date corNnitwts ts ff￿￿re rnnimwn Seaso paym9nts undgr notpcancellaWeopwatirvJ kases. fdl due a5 &JIry￿". 2024 2023 Wthin one year Belween iwo and five ye￿5 42.740 14.117 42.870 56.&fj7 99.727 23 Arbatysls of net assets bot•Aeen fund¥ Unrestwlchd Rostsi¢tod 2024 2024 Total 2024 Total 2023 Fund babwe5 * 29 F8bDJ8ry 2024 are represented by.. Tangib￿ asse15 Nel cutrent asseis Low tenn lbIl￿8 67.999 67,999 26,914 115.8331 73.195 108,875 125.8331 832 115.833 78248 832 79.080 156.237 In tr comp8fwe penrxj. r38.257 crfthe fi¢xJnefftt assetswtre rethx¥J. Relaied prty tAnsxtiLW Group and ¢hlty R•mungra￿0n ofk•y managwwllt pgr50nrl The renxJntrat*Jn ol key rnswÈnwtpets(ffj￿ 6 asfdkn%s. 2024 Z023 Aggregate ￿r￿penSatiOn 1fKJ.938 150.037 Dunng the y8¥ wrthses ¢f£46.￿l2023- £92.294lwwe maye by ¥ c￿ne¢￿d Ctynp￿y. Renwable CIC Al the year-end a creditor of£nl12023- ￿4.140}￿a5 (xrtSI￿v¥ arxl ￿ck￿led 0lheru&rtors.

MISSION MOTORSPORT NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 26 Analys1$ of ¢hangos In no¢ fund¥ 1 ltsrch2D23 Cxhfloxm At29 February 2•24 Cashal bank and in harKI 113.665 20.131 133.795 Loans falhng ¢Je within ong year Loans faI￿ry L)e anerrywe than >ear (10.OiWJI 125.8331 (10,￿0> 115.8331 10.0(NJ 77.832 30.131 107.3 Cash gofiprnt•d from opqv3tion5 2024 2023 IDefKiIy5uw ye 177.1571 119.199 Adwslnwts for.. Investrnenl I￿orne iecognised in slalementof fin￿Cl activ Gain on diswsal oftar01b￿ fixed assets Depreciabon I￿alr￿EllI of taThJ&Ye fixed 855 Dwated assets 12211 16.0741 19.fj60 17.5571 22.&4 110.(X)01 Move￿￿nIS in worknng Deuea5e in slo(5 Decrea5ellincre3sel ki debtor5 IDecre35el In ￿dItOrS IrKreaselldecreasel in thfetred vwe 3.571 181.Y191 129.2671 17.6971 16.451 113,5281 99.097 Cash genBrtted from 38.3C¥) 8.810

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