Chonty Trgi5tratk*n numbgr 1146159
COrnwreg￿tV￿on nwnber 07862605IEn*nd 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' resFKnstsSi*S
Inde￿dent auditorfs reFKXt
c￿￿1148*d 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 ArtM*sofAss¢xJ*N)), 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 J*u8ry 20191.
Obje¢trwes and a¢ti¥th"es
chadtls obj*¢ls ctr)tinu& ￿ ￿. lo asgia wfyJnd8d. iThDX￿ and SKI( IWISI swwce pws(*)nd and Y*eran$. 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 fcrfrnerAm*d 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 ca*ndar 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 f*db*k 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. ve*ran mental health programme
now $8nds ¢asewoth$ts 10 MM Gorththd 8nd SIve￿￿ ev8Its. Xkn t*Figiw 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 pr<Th)tiry ar*1 rewar(*ng colL4boralh)n.
Iii Ilirs Wdy. bu¥LdirwLl¥ dlpj w11p￿¥ll￿1I Ukwlul)Ibe& fvJt V¥iwdri¥. RtraW¥rsi¥ aiid ilithr
familie5 are genwated and eThJurir¥ kned Fr￿￿$ o)munffjes a￿ ueated.
G)vernmenl surpM for kneexpansion ottrt sectr* inibatres i5for£6XK ow3 years beu¥"nnmg ki Noven*er 2023, and
fund￿ through Ihe Arrned Forces Covenant FLnd Tn￿t. full am0￿1 ￿ 21ieady I￿g& wlh AFCFT so is InS￿ated
any change of PalliatnEn￿ry ietrn 01 gNerrYnEni 5entTheni For Mi5son k4o1ot5w￿ito tecogni5Ed its inipaEt
Énd rerfDfEEd by goverr￿nt IDddNer a nab(xd wograntne ha5 a iTtpcrtanl enthtsptnent of the
th8rity'S Thethodobgy.
sh￿n9 commrA) rootsar￿ setwry thÈ same and mess8giig. Ihe ¢h8nty's
sporiing arwj eng￿e￿nI 8¢bv￿* oJlPth rw)I b8 coifused t¥oadwadvct8ty rob, ar￿ so the sedoi
Iliatives wll be COr￿U￿e￿ uT*Jertt)e'Missth CtshTrthity' ba•ef. In thi% way. resouff*s ￿ be u*d
8¢ross mullpÈ new sectrKs. and new Wd athscKs h￿e been brow on to wort the Miss (xi Moluspryi Trustee5 in
delwerirvj this ￿lcy.
Gov•man¢o: The ch¥My's full and part-bme empk)yees we wdl swed by en9a9ed pasSI￿te Irusiees Wlh new
mernbers ol tre Board beccmng Irmxeaskigly across a rw of nwers Ihe ye¥. The Truste65 aim h8S
been to off81 supp(xt arKI leadership for the executsye tea￿ nDI just In fu￿(%￿al fftanaJefft8nt but also In sectoral
pporfunitE5, in fund rdising 3nd issue rnanagpmenl. Tre ExeculNe team swi cha￿e In Ihe ppriLNJ U￿￿er review. wlh
Fr¥r￿lS Ha& s18pping do￿) as CFO. bJl has W support8d sixe by b(4h Tru*ees B08rd Advisors 10 fill this
gap- reCru￿ng the fi￿n031 managementeywtise lo the lea￿ is imrAKtsn13tKS a ￿ ro￿ of FinaTh￿ m￿ager has
been Created is Ihe rok which fornEr CFO Fra￿S Hak ran rrtiw fil.
FSn*¢lal rtvithw. Thè tharity hasrnei its finar*ièl ft* Lte year *J passed Striweni tests ioqualifyfoi a ne
£650K IhreE year twiamtne of wvetnmeitSw￿. Tre charity has theref(we invested fri)m reSe￿&S lo bu1￿ th8
capa￿ty required lo d8liverlhe pr[4rd￿ne a￿1 seYAJre the It￿nE tr(xn wvermnenl. Unforturk*ely reporting peri(￿ of
MArr.h ?1)23 In thp end nf FpFxlLqr¥ 2a24 ¥J kpy gp.nfYAtiiKI pvprt *ffip￿. ￿ NxhCJnYA Trxn¢AtiM E¥p.nlx fAI
yjsi outs￿8 th8 reporbllg p￿(￿J. in Fe￿ 2023 ar￿ on 4 2(Y24. R￿rgarE8th0n ofÈomtr
regular (k)nors also missed an ￿￿31 I￿)K by(￿ I￿￿￿taM￿al I￿1V￿j￿al SUPFther where I
onltiws ￿111 both fal wito trE next retxytiry perKMI.
During the >tar the th8rity and rtssubsdw*5 ywaied irtoffe crf£W.171. a Ij￿ 0[£180.875￿Mp3￿d to ihe
prev￿￿$ year. EX￿nd*ure 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) exp*w 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) Mor<Ksptyt is registered Wnh Ihe
FMdraising Regulator and *Jheres lo of FU￿ra￿lIg P[aGb￿ as we l as folowDg the Chanty c(￿￿5510n
8dvice OD besi prxbc*. person* d*ia 1$ FYo(*$8¢ in v4ith Ihe GErwal Da￿ PwieGlw)n Regulat￿￿8 aDd Data
Protecti(￿ Act 2018 k11s￿on Motusport ￿11 orty data of wyters dDr*)rs rfthey have gNen op14n Ixjnsent
Mission Mototsport dl f￿dra￿￿9 nterndty doe5 T￿er￿Jag8 thwd part￿S to se8k di)natiun& fro
iidrrfiduas The tharity rwmains nlndful o[p¥)p￿.S and Th)1 exert U￿Ve pressure on doTh)r* Thw
have been ro •nls abwl fvndras¥￿ preywty nNin Ihe
R•8orves wlicy
11 rem81ns ts ￿n￿$81M thai ￿T￿eSInc1ed fuThJs have ￿ Fpen de>9naied for8 wifi¢ use6hr￿by ideally be
maintainwj al 8 lev818quvalenl io 6 n￿1h$ ol thgrity expwditure. B8*0 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￿$￿￿enlY fttus needs
and %%ill be grven to mqor [￿￿￿er￿al futK*w (¥wrturMties atKI Ihe ￿9ger ￿laborah¥e projects such as the Naional
Transibon Event that show the most W￿￿LSet0 lrft re5etves I(Fv￿5 the knl lo*tMch the charity aspires.
FLndan*ntally ￿ irueased fctU5 ts1 Ir￿￿ 9ereraDon ayoss alareaser*i¥ity in wffeni activty i% key ID
achiewro tris go*.
Al the end ofthÈ year the chanty had net assets of £76.011. and the c*8nith wp W nei assets of£79.080. so
showing a rowlive ¢verall reswves Ihe ¥id ofkn8 year.
Future Plan8
Mission Motot5FX)rts Ttustees and [r￿￿￿￿1tearn (¥￿ue iow(xk th￿finar￿￿ tarws V￿ have set,
to dekvei our cwtable ¢bFdive>
We will contiw¢ to raize in￿rn¢-kn th¢ to Ihe rrwN)r corporate gTrnts- from ¥ river
stre8m lo ensure conlhwing ddivery (rf sup￿.rtfr￿Qu[
benefic￿r￿S. %vrfh a p¥bCu1arf￿Js tmv t8venue gen8rating LpMwiti85. We continue tofolLwourstraiw which
focuses on ¢reaiing Ihfr ￿seNe$ 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 i*whKth ha5enabled the tharity to WKlen dfer lo wtentia
bentrfickirEs, parhculaily in etnpkny[t￿nt optKxiunrfies.
As in years. continue to fu￿ raL*thrO￿ dwer5e inttxne wiang a*vibe&"
• 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 bett*een rnotr*sport 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 a550ck*ed
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￿Ul*S8 limitsd tomp*ty. 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 ye8rw*r&.'
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$￿ exÉtry tr￿￿tee5 Of yowded by lh& Charity
commis￿on in this respect. pknculaty in rdakntothvertyarKI Vets￿.
During this rep￿r￿n9 perio¥J Iheexisbng T￿￿e& Saw ￿ [￿d knan expans￿￿ Qllhe Trustee erfJanJ. and del8tmin￿ lo
broaden Ihe retruiimeni rth. wth new SWI. in*fyiewrt i￿luSb). finarte. professions. and
serving officers of the For￿. ThE process abo yoviw an oKMurAty to broayen th$ 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 advL*rs 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 tru*ees 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 il*y have tsken 8pE*tVi81È Steps b Kjentify
r8levani infoimaiw)n arQ 108si¥blish Ihai the aL*Yiiof 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 oftt*eharitable ec¥n￿y the ￿0Jp and ofthe iéswices*d 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[* disrlo*d
and eXplai￿d in Ihe financial statements.
piepare the [in￿¢￿j $tstern￿ts cn the wr¢ern unkss irwy*te to pregjme tN8t the group and
ar*y wll conlnue txNness.
truste8S are resrthg4bk f¢r kaep.ry rnccrfs th8ldwh)se wth rea$￿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 tr*grow) ￿ 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 ￿￿arKe*1th th& tequ¥￿￿t$¢[the Compan*s Aci 2(Kffj.
Bas1$ 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 dexrii*d 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>w*e 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 resrKns*He 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 staièi*nts or tyjr kn£Y￿edge obt*ned in the (yxjtse of tho èudil. N Oth¥wtsè
apptrars ￿ be mateD31￿ m$s￿Le￿. Ifwe wjfyrtify SLth ir*￿>$1É￿￿Q[ mal*al rywsststem8nts, we 8re
required lo determine %*hethw kni5gwes r￿e to a material misstaternent in fi￿￿￿ ststemen15 thernsdves. If, based on
the WDrk we have perforrned. we iondthethat there is 8 mat￿lti1 ￿￿$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 c*rtaYEd in the ￿￿r$e oftrt 8th1it. we
hav8 not KIEnlffied materia ffl￿s￿atem￿ls in the trustees. rekKKiorthe diiectot5' rewxt ￿chIded the trustse5' rewt.
We have nahiry to report ￿ respecl ofthefrjhjwng m8*ws in C(th[￿Tres Act 21K16 reqLires
port lo y<yJ rf. in Our£¥in￿."
8¢equale and prop￿ acwunlkig recwds have n¢A been krfior relurn$ 8dewalef(x ¢yJr a￿ltI￿ve ￿ b8w r8cgved
frorn br￿cheS not VI￿ted by us". (
Ihe fhnanoal str￿ments areTh)t in agreenM3nl th lhe￿n￿￿ recty*s8￿1 ietunE".
tlan disckn5ures of trustees. ret[Mjnpra￿￿ sppcffied by k%v ate not tnth.. or
we have nat recer*ed a I theInf￿rnat￿ and exFI￿Al￿5 we requhElorowaudit." or
e trustees were not entid&J to kyewe the fmarKial satements in ￿Y￿ar￿*￿th Ihe small re9fftp and
lake 8(Ivantsge of the small exeWKmS in prepwry truslees, rewxt from tre rewiremwl lo
prepae a stralegK rewrL
Ro$ponsiblillo$ of trusts•$
A5 ex Jained fulty hn.he State￿￿tOf INslees' reswwblities. thetntstees. wlM> 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 v*w, 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 kn*ees 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$￿l￿￿ *w.' wtretherts SlateM￿ •s¥ whcleare free frgm material
misslalefftenl. whether¢tse lofiaud Or￿[ar. and to issue a￿￿torS rep(Ki that i￿￿eS owrmon Reasonab￿ asSuran￿e
a high levpl 0fa5sLran￿ but is wl a gU￿￿tee lhaL￿ ￿￿￿u￿led n a￿orda￿e with ISAS IUKI will ah¥ay5 (Iptect a
material misstatement when it exisis. MÉsi8tsments¢an fr(*n frèl￿ ￿tfi0r ale co￿￿￿ere￿ n￿terial If. individu811¥
or in t￿ aggfè9ale. they COU￿ regsL*oLly ￿ exkWJ t* liflu￿¢9the daL?s1ots￿USer¥ tskan on basi%
Ihese financial Yatements.
1rragJL8r￿0$. in¢ludhg fr*Jd. ai* i￿lanCaS Ofntm￿¢CInkl18r￿a aThJ r•)uL8tions. We dèsv)n p￿¢&dur*S 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￿ sts*ments 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 mp*i£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 rry*ures ￿ reiF<fftd to risks Ayentifvl indLhJed the fr4kMrnJ'
• Mthng ewuries d man￿rnent an(1 tlw Cha￿ ¥Wh guverrwce at&Mrt any knwn ty SLwecW i1￿￿nceS of
nOn-com￿￿4￿Ce witr Laws and re￿j￿IK)nS arKJ fr￿d-
R￿l￿n9 rrinutes ofmeèi'w oftha boaid 8r*J senKx MaWer￿1.
Chalenging aS$Jmpt￿ns jLN*8mwts trode Dy m*)ag8n*nt 41 thgr accoJnti)J estimatss".
Auditing the risk of managerrth override olcrnlto&. 1ndL*￿ng tethg￿rnal entrie5 and other adjustments
for approprvierBss.
Due 10 the inhereni limtalions of * aLYJIl. is aTr ur4troilab￿ ffiai SO￿ mthialrntsstaiemeni in the financial
81ements m8y noi be dewed. evan lhO￿h Ihe 8udrt s pL8nn8d and in a¢wdan¢& wlh ISAts IUKI.
F(Y Instan￿. Ihe hjrthw ierrxNed norFCOm￿Lgn￿ t5 frofft the events trar￿cl￿s refiecled m the finanual staternents.
the I￿5 likdy the audtor is to tEcotrE awareof it(￿ io t￿n￿ethE non￿￿K￿rKe.
A fwtherdescrpton ofoLW respL¥Bi￿.1th5 15 awdlable the Fir￿￿ RepUrt￿￿ CwtKifsweb5ite al". MtP5Jl
vAwI.tr¢.fxg.uklathlitorYe¥￿st￿IrfIes. Th4% descripbon T(￿ 0ffyjral￿1¢rf$ rerth.
Use of (￿r fewl
Tr¥5 rep(xt 15 made to the ch￿ity'S tr￿ee5. as 8 txkty. ￿ ac￿￿￿￿￿**jth part 4 Oftt￿ Charities (Atxountrs 8nd
Reports) R￿Ulat￿n> ￿08. OJr au(*t vnrk has Lw¥Jertaken $0 that we mv*l 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 ex*nl pemiitted bv lav4. bve
not 8¢¢ept or assume respMs*ility to anyC￿e¢1￿￿tha￿ thanty the thrtys thJsÈes as a bc*ty. 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
Ch*ab* 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 actMt*s.
Thtr Cortsol￿gted ststemÈni a¢1M￿s ako the wIrEm￿ts fvr an and exptnditurè 8c¢tyJnt
under the CC￿pan*S 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 prepar*J gr¢up ?￿nts ITr a(£rxd8ncts*th Ara 21Kb. $398 thg ch8rfl￿$A¢I 2011.
s138.
Ihtr financ*1 ststen*nts 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 financ*1 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 (*$rwl of 1*gib￿ r￿ed &s88ls
I14.8￿)
110.OLKII
8.000
14
Inleresl rE<￿ved
221
t cash usod In Inv8sUng aCt￿￿tI@S
(8.1691
11.9861
Financlng aCti￿lIeS
R*payn*ntof l￿￿k Its￿$
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 ¢￿$￿ts ol Missk)I 8ntl its sUt￿￿e1 Vot(wx)rtTradirvJ and k4159on
consu￿ng sP.rv￿p8 Limilp.d
1.1 A¢eountwvJ ¢on¥enti
The finani81 st¥ierrÈnis hale been wepwed in 8¢cc*dartr*ilh Ihe th8riWsartths of ￿0¢￿tron. the Companies
Aci 2006 and"Accounbng and Report￿9 by Chari￿.. SLatenwi d Re¢1￿M￿Je￿ Pr¥tre atvlicable locharities
prewbig thar aceaunts in aec1Ktsn￿ ¥thth the Fn4ncial Retxyuro stsndard ap￿ltaNe in Ihe LJK and Republic of
Irdanu (FR$ 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 $taleMen￿ ￿¢by1￿ this cWly. whth are iniended lo gNeg
true far ol the assels. latxlitES. hiaTrcialposibon and resutt tr￿the The chanty has therefNe taken
adv*itge ofexernPl￿￿s from he folih*iTry diSCk￿re ￿1[er￿lS for Wrent ch￿ty ￿f0￿￿t￿n KKes8nled within thè
QnsoIKlaled finarug stalBmetts".
Secwn 7. Statement of Cash FloA8' Presenlabon of a ststerrEnlofe￿ fiow relaÈd note5 and
Sec￿￿ 11 'B3sc Financial Insthents. arnl Sec1￿ 12'(Ah￿ Fin3rKia InstNment15sves carr￿ng arnounts,
interesl I￿(￿￿eleX￿Se and nel ga￿*￿55e5 ea(* L3tegory olfinanTral nstruTnent." bas￿ ofeeterm￿l￿Q
valws". d8tsils Orc￿￿10r8l dBf•JltS LY b[8**￿. dBtaL% of WgB¥. h￿d￿"n9 YauB (tharvJes recognised
In profrt or loss and ￿her cOrrprehensi￿ ir￿1]me.
A sewate Stalvnent of Financi￿ Activibes arnl Inu)n*and ExpenditureAcryxmt foi the thar￿y ha5 not been
presented t￿ra￿se ts (*•has taken adva* ollh2 alknded by 408 ofthe Companies Jxct
Tht finan)81 Stak￿nts a￿ wep2￿d ￿ stediry. ¥Jh*¢h is Ihe (gJrwwollb& d)8rity. Mon&ary8mounts
these finan¢kg1 ** lo tho wrest £1.
The finaTroal stalements have been Frfepwed urthrthe tristorica o)st ertti)A. Tr wiicp81 attwntirg poloes
adopled are sel out bek)w.
The ch8fffy Is a ctrwny IY(i¢ed by gJar8n*e aThJ has no thre
1.2 Golng ¢on¢om
These ffi￿a￿a staiements have teen wepared on a (*n¢em b￿. The trus￿9 have c#nsidertd the relev*)I
Information. I￿lu￿￿ the ¥nrrtJal and (¥shknYs unid the end of De¢emter 2025 and Ihe impact
of SLtsequenl events in maknng ￿￿1r assessmwt. The chanty gas at all times been atAe lo m￿t its Iiablibe& as th8y
fall due_ Whilst the rernalrtnj econcThk ofthe COV1ts19 pandernk L5 reduckd. th15. wh2n rK>W comblned wlth
the currenl econom￿ enYhTfftrnwil arNI (xwng ccsl of INiThJ Cha￿r￿je5. ha5 had a Itnpact on charities
operaions, In parfivJlarlh8 ch￿￿1￿j avj L*alengng nature ￿ (utNtr•wg. Whlst the war in Ukr3ine contsnues to
heighten publi¢ awareness of mlitary ￿$￿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 ¢h*ty 68nts1￿ lo fur￿$. ihe is deferytd and wi re¢(4nisèd until 11 is
proWe that these wndiborts wll be luffil￿d in the re￿hr￿j perkThl. Inc￿Me frcffi &ft Aid lax redBim5 is fB(xqrised
for Èny donat￿n5 th relevant Grft AKJtsx ￿[tifica[es as irKcine forttE yea.
Olhef Ir8diTh) 8¢bvit*s are fftasured a t￿18￿ v*eel i17e£￿$￿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 olh*r
sa￿S rekt&J taxes.
1.5 R￿U￿¢85 •xpended
Expenditure 15 ar￿nted on basisand has been dassif*d urn*r hea*ngsthal aggregate al w5ts
rdaied to fv C*gory. 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 ￿$ts of811 fvnjrawry actywtses events arnl noTrcharitable tr8dir
EXper￿lIU[e on d*ntatAÈ *bwties i% intsJrr*l on directy un(￿rta￿lI¥j the ftharitys
obJocti¥es, as well as as$￿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 valL*bW 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 thei*ffar8rth 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 iss*s have suffered * Imp*m￿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$h equfvolfrnts
Cash arh¢ cash £ywiYalentS I1￿l¥je cash in harvj at cal %%ith banks.
1.10 FIn￿¢131 knstruments
The d)anty and group hasdected to ¥ply the wovE40r6 O[ser*￿ 11 'B8sK Fin*wl InsmJrrtnts' and secti￿ 12
'Otrer FIrK8n0￿ Instruments Iss￿. ofFRS 10210 all of its fr.arKial ￿stsWn8nts
Finanrial instsurnents are rwi5ed ir the charity arKI gruups baL9r￿ stEet*then Ihe Gharityand goup bea)me
party to the ¢¢>nwua prthisiM$ 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 ew*YeeS￿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) fir*nc*l st*ements 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¢)tt*Èd a￿)mpt￿l￿ a￿ baswl ￿ htstoTK*l 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 receN*d.
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 beT*hts Iroffl the thanty or
it5 a550c￿les and subsdiaDes (knng or we*uxJsyear. No1*witytrusl￿ [￿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 lalling*kn 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 rec*8d 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$trictedlunth
(Continued)
RE50urces B*ThGe at28
•xpAndÈd Fdxuory2
Ocwpabona Therapy SuprAxt
Barclays Grant
Veterans Foundation
AtTn&J F(Kces Covenant Fund TwstVPPP. S(xrth West
832
16,230
&32
25.(KK>
141,2301
13.3881
40.697
18.750
43.750
(40.6971
118.7501
143.T501
Aimed Fc*ces Covenani Fund Tm$ 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 Fc*c8s 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 LTi*8. FUnd￿g ts frxu*d 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* $8* ofthe Trahnir¥J M8nag8rfoi 12
M￿th5 who ￿ reSp{KNb￿ kKdelNenrvJ waL*Kal lo Mokxw ￿Fd Sludenls. iTKluding
and espetsauy WIS bertfitsanes wth isstyes in Mission Motorsport"Reir84n" pro9ramme.
Armed Forces Govenant F￿MI Trust-Veteran4 places, pathway$ 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 Èxk*riencÈ in the North
¥V8$1 ofEng18nd D&lN?r8d by p8rlw E¥pwerK*S. proitra wov¢es a break fc* tsrd to
reach vderans a)d Ih*rf8mil*suèatiYJ menknies aThJ skil&
AMI￿ Forces Covenant Fthj TnJ#. Fov¢e lorchaty. Tlweo Slstyrs. TriswpvAII a#iwties81 Three
sisters circul. Creat￿ by Wigan C{xJ￿1 atKJ kabng. L¥kng cars. The events offered by the group will
draw ieteran5 SP￿ ofter a leyel plawng fjekf I(￿d￿￿b￿d atKJ able.LKNJ￿d ￿ter￿n5. SE5￿0￿5 wll Include
car C￿tr￿, o track eXper*n￿ and traniro.
Arr￿￿ Forces Covenant FwKI Tru5t- Recovery Spwl- Tr grow>w41 offerout(knr, inckJ5i¥e act1w1￿5 inclu(*ng
visits io ￿rth0Od. S bEr*orE. & Thruxtw. car(mtrA sessicns. 4x4 exppJErtr5 and thver training
Each ￿l￿ty is ￿S￿ned lo be nspYalKThI I￿ALSiVe. tHJldiw confith￿? fti8ndships and being led.
ABF The Ami￿8 Naiionai Chanty- Prov￿$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 tr*k
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 l*bIl￿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* comp8f*we penrxj. r38.257 crfthe f*i¢xJnefftt assetswtre rethx¥J.
Relaied prty tAnsxtiLW
Group and ¢h*lty
R•mungra￿0n ofk•y managwwllt pgr50nr*l
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 85*5
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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