Charity number: 208733
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
THE SPEEDWAY RIDERS' BENEVOLENT FUND
THE SPEEDWAY RIDERS' BENEVOLENT FUND
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Trustees' Responsibilities Statement | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 17 |
THE SPEEDWAY RIDERS' BENEVOLENT FUND
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025
| Trustees | A F G Noel |
|---|---|
| A Harkess | |
| C Van Straaten | |
| A K McKinna | |
| P Ackroyd | |
| J Staechmann | |
| Charity registered number 208733 Principal office 10 Magpie Way Aqueduct Telford TF4 3TS Secretary S J Babb Independent Examiner Menzies LLP Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL Bankers Santander Bridle Road Bootle Merseyside L30 4GB HSBC 2 All Saint Square Bedworth Warwickshire CV12 8LR Co-op PO Box 12672 Harlow CM20 9QR Investment Managers St James's Place Wealth Management St James's Place House 1 Tetbury Road Gloucestershire GL7 1FP M&G Charities Investments Limited PO Box 9038 Chelmsford CM99 2XF Brewin Dolphin 12 Smithfield Street London EC1A 9BD |
Page 1
THE SPEEDWAY RIDERS' BENEVOLENT FUND
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present the annual report together with the financial statements of the charity for the year ended 31December 2025.
Objectives and activities
Objects and aims
The objective of the fund is to aid Speedway Riders and ex-Speedway Riders who become injured or disabled whilst participating in the sport of Speedway and contracted to a British Club or representing Great Britain in International Events.
It helps in several ways by providing financial support to riders who are unable to race due to serious injury, both long and short term. Additionally, purchasing equipment for those suffering life changing injuries. Assistance is also given to retired riders who suffer consequences of injuries sustained during their career in Speedway.
The main income of the fund is raised from kind and generous donations by loyal Speedway supporters across the World. Collections in aid of the fund are held at every British Speedway Track throughout the season, complemented by other donations and fund-raising events.
One of the main fund-raising events associated with the SRBF is the Ben Fund Bonanza, generally held at the start of each Speedway season. This event always attracts a field of top riders and is supported by Speedway fans Nationwide.
Public benefit
In setting the objectives of the Charity and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. In determining the range and level of support available to eligible claimants, the Trustees endeavour to provide such assistance as can be provided to support Speedway riders past and present, and their families, to deal with a difficult situation.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
The Charity invites applications from individual riders and/or their dependents for injuries sustained whilst participating in the sport of Speedway. The Trustees assess each case individually and consider whether they qualify for support. A rider becomes eligible for support if they become injured from a racing accident and are unable to race for at least one month. Grants are given up to a maximum of six months and are reviewed on an individual basis for more serious cases. Riders who have suffered life changing injuries are given ongoing assistance based on their individual needs and requirements.
Achievements and performance
The Trustees report that the income for 2025 was £178,769 a small decrease of £283 from the year before, whilst the expenditure was £217,994 an increase of £32,566.
The extra expenditure was mostly due to the cost of purchasing each and every club in GB with AED Devices (£13,611) in addition to purchasing and providing Starting Gate Protection Pads for every track (£11,550). Whilst providing additional protection for the Riders, they are liveried with SRBF advertising and Logo. The Fund also participated in other charitable activities.
During the year 38 Riders/ex-riders were assisted by the Fund spending £125,369. This included the purchase of a Wheelchair plus the cost of Private Healthcare and sadly the funeral costs for a former Rider.
The Trustees confirm that home welfare visits will continue to our long term disabled ex-riders, as and when necessary.
The annual income was maintained through the Annual Track Collections with a small decrease of £1k (£23.3k) and the Annual Ben Fund Bonanza, held at Oxford Stadium, raising £38k. The Bonanza Meeting was Live Streamed by BSN contributing £8K. The Trustees agreed that this was successful and future Bonanza’s will continue to be Live Streamed.
Other Individuals and groups raised funds on our behalf, one notable event was a sponsored walk from Berwick Speedway to Redcar Speedway, 117 miles by 3 individuals, raising £10k
The Trustees have agreed that there should be another major fund raising event, additional to the Bonanza, each year.
Page 2
THE SPEEDWAY RIDERS' BENEVOLENT FUND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Donations via Text message and PayPal remain consistent. One method of increasing donations has been identified as through Legacies and this is an active part of our promotional advertising.
Our Investment portfolio is constantly monitored by the Trustees and has performed well during 2025.
Financial review
Policy on reserves
The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately a quarter of total expenditure. The Trustees consider that this level is sufficient as they have a seven day notice period to the investments held in case of urgent need to release additional funds.
The balance held in unrestricted reserves at 31 December 2025 was £2,113,859 (2024: £1,904,865) of which £2,007,970 (2024: £1,764,916) are held in investments therefore leaving £105,889 (2024: £139,949) in free reserves, The amounts held in investments are maintained at a sufficient level to ensure the income is derived from the Charity's investments together with the other sources of income to maintain the level of support to those entitled to such assistance for the foreseeable future.
The current level of free reserves is currently higher than the aimed level and the Trustees will review this during the current year to ensure they are reduced.
Investment policy and objectives
The day to day management of the Charity's investments is carried out by the Trustees. The Trustees are responsible for selecting appropriate investments to provide both income and capital growth. This year Brewin Dolphin were recruited for an additional investment portfolio.
Investment policies of the funds continue to be the pursuit of real growth through a wide range of investments coupled with a low risk, high return on certain cash investments and Government stocks. The investments have performed in line with expectations in the year.
Structure, governance and management
Nature of governing document
The Fund was established under a Trust Deed executed on 3 November 1948, updated in 1991 by a deed of variation and updated in February 2019.
The Trust Deed sets out the provisions of the Charity for appointing and removing Trustees from office. The Fund was originally set up by two members of The Speedway Control Bureau (part of The Auto-Cycle Union Limited).
The Charity is controlled by its governing document, a Deed of Trust, and constitutes an unincorporated Charity.
The Trustees who have served during the year are set out on page 1. They meet regularly to assess the grant applications and to approve or refuse applications and to discuss the Charity's financial performance in addition to exploring new marketing opportunities.
Page 3
THE SPEEDWAY RIDERS' BENEVOLENT FUND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Major risks and management of those risks
The trustees have reviewed the risks facing the charity. This involved identifying the types of risks the Charity faces and identifying any means of mitigating those risks. As part of this process the trustees have reviewed the internal controls and systems and have been identified to mitigate those risks.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ P Ackroyd Trustee and Chairman
Date: 3 July 2026
Page 4
THE SPEEDWAY RIDERS' BENEVOLENT FUND
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
................................................ P Ackroyd (Chair of Trustees) Date: 3 July 2026
Page 5
THE SPEEDWAY RIDERS' BENEVOLENT FUND
Independent Examiner's Report to the Trustees of The Speedway Riders' Benevolent Fund ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 6 July 2026 Helen Binns FCA
Menzies LLP
Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL
Page 6
THE SPEEDWAY RIDERS' BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income from: Donations and legacies 2 Other trading activities 3 Investments 4 Total income Expenditure on: Raising funds 5,7 Charitable activities 8 Total expenditure Net expenditure before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 98,912 52,678 27,179 178,769 31,898 186,096 217,994 (39,225) 248,219 208,994 1,904,865 208,994 2,113,859 |
Total funds 2025 £ 98,912 52,678 27,179 178,769 31,898 186,096 217,994 (39,225) 248,219 208,994 1,904,865 208,994 2,113,859 |
Total funds 2024 £ 130,218 22,488 26,346 179,052 |
|---|---|---|---|
| 44,187 141,241 185,428 |
|||
| (6,376) 146,111 139,735 |
|||
| 1,765,130 139,735 1,904,865 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 17 form part of these financial statements.
Page 7
THE SPEEDWAY RIDERS' BENEVOLENT FUND
BALANCE SHEET AS AT 31 DECEMBER 2025
| Note Fixed assets Tangible assets 13 Investments 14 Current assets Stocks 15 Debtors 16 Investments Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Unrestricted funds 18 Total funds |
298 61,708 13,926 33,330 109,262 (4,025) |
2025 £ 652 2,007,970 2,008,622 105,237 2,113,859 2,113,859 2,113,859 2,113,859 2,113,859 |
553 90,370 18,890 31,544 141,357 (2,361) |
2024 £ 953 1,764,916 |
|---|---|---|---|---|
| 1,765,869 138,996 |
||||
| 1,904,865 | ||||
| 1,904,865 | ||||
| 1,904,865 | ||||
| 1,904,865 | ||||
| 1,904,865 |
The financial statements were approved and authorised for issue by the Trustees on 03 July 2026 and signed on their behalf by:
P Ackroyd (Chair of Trustees)
The notes on pages 9 to 17 form part of these financial statements.
Page 8
THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Speedway Riders' Benevolent Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate reserves to continue in operational existence for the foreseeable future. Therefore the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Page 9
THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting policies (continued)
1.4 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Computer equipment
25% Straight line
1.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
1.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 10
THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting policies (continued)
1.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
2. Income from donations and legacies
| Donations Legacies |
Unrestricted funds 2025 £ 53,153 45,759 98,912 |
Total funds 2025 £ 53,153 45,759 98,912 |
Total funds 2024 £ 52,577 77,641 130,218 |
|---|---|---|---|
3. Income from other trading activities
Income from fundraising events
| Benevolent fund bonanza event Other income from other trading activities |
Unrestricted funds 2025 £ 50,730 1,948 52,678 |
Total funds 2025 £ 50,730 1,948 52,678 |
Total funds 2024 £ 22,488 - 22,488 |
|---|---|---|---|
Page 11
THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. Investment income
| Other interest receivable Other income from fixed asset investments |
Unrestricted funds 2025 £ 25,674 1,505 27,179 |
Total funds 2025 £ 25,674 1,505 27,179 |
Total funds 2024 £ 24,481 1,865 26,346 |
|---|---|---|---|
5. Expenditure on raising funds
Costs of raising voluntary income
| Benevolent fund bonanza event Legal fees Allocated support costs Depreciation |
Unrestricted funds 2025 £ 12,597 420 7,716 301 21,034 |
Total funds 2025 £ 12,597 420 7,716 301 21,034 |
Total funds 2024 £ 14,371 1,520 13,489 250 29,630 |
|---|---|---|---|
6. Expenditure on raising funds - Allocated support costs
| Cost of donations Printing, postage and stationery Sundry expenses |
Unrestricted funds 2025 £ 4,377 625 2,714 7,716 |
Total funds 2025 £ 4,377 625 2,714 7,716 |
Total funds 2024 £ 1,431 1,163 10,895 13,489 |
|---|---|---|---|
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THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. Investment management costs
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Investment management fees | 10,863 | 10,863 | 14,557 |
8. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | |||
|---|---|---|---|
| funds | Total | Total | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Direct costs | 186,096 | 186,096 | 141,241 |
9. Analysis of expenditure by activities
| Charitable activities Total 2024 |
Activities undertaken directly 2025 £ 25,161 - |
Grant funding of activities 2025 £ 140,981 121,817 |
Support costs 2025 £ 19,954 19,425 |
Total funds 2025 £ 186,096 141,242 |
Total funds 2024 £ 141,242 |
|---|---|---|---|---|---|
Analysis of support costs
| Administration costs Governance costs |
Activities 2025 £ 6,230 13,724 19,954 |
Total funds 2025 £ 6,230 13,724 19,954 |
Total funds 2024 £ 14,575 4,850 19,425 |
|---|---|---|---|
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THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £2,440 ( 2024 - £2,279 ).
11. Trustees' remuneration and expenses
During the year travel expenses were paid to six trustees totalling £5,348 (2024: six trustees £8,936).
12. Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
13. Tangible fixed assets
| Cost or valuation At 1 January 2025 At 31 December 2025 Depreciation At 1 January 2025 Charge for the year At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 |
Computer equipment £ 1,946 |
|---|---|
| 1,946 | |
| 993 301 |
|
| 1,294 | |
| 652 | |
| 953 |
Page 14
THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| 14. Fixed asset investments Cost or valuation At 1 January 2025 Additions Disposals Revaluations At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 15. Stocks Stocks 16. Debtors Due within one year Other debtors Prepayments and accrued income 17. Creditors: Amounts falling due within one year Accruals and deferred income |
2025 £ 298 2025 £ 61,221 487 61,708 2025 £ 4,025 |
Listed investments £ 1,764,915 97,496 (2,544) 148,104 |
|---|---|---|
| 2,007,970 | ||
| 2,007,970 | ||
| 1,764,915 | ||
| 2024 £ 553 2024 £ 84,386 5,984 90,370 2024 £ 2,361 |
Page 15
THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
18. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Statement of funds - prior year Unrestricted funds General Funds |
Balance at 1 January 2025 £ 1,904,865 Balance at 1 January 2024 £ 1,765,130 |
Income £ 178,768 Income £ 179,052 |
Expenditure £ (217,993) Expenditure £ (185,428) |
Gains/ (Losses) £ 248,219 Gains/ (Losses) £ 146,111 |
Balance at 31 December 2025 £ 2,113,859 |
|---|---|---|---|---|---|
| Balance at 31 December 2024 £ 1,904,865 |
19. Analysis of net assets between funds Analysis of net assets between funds - current year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 652 2,007,970 109,262 (4,025) 2,113,859 |
Total funds 2025 £ 652 2,007,970 109,262 (4,025) 2,113,859 |
|---|---|---|
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THE SPEEDWAY RIDERS' BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
19. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 953 1,764,916 141,357 (2,361) 1,904,865 |
Total funds 2024 £ 953 1,764,916 141,357 (2,361) 1,904,865 |
|---|---|---|
20. Related party transactions
During the year the charity made the following related party transactions:
STEK Products
(J Staechmann, a trustee, is the owner of STEK Products.)
During the year the charity recevied services//products from STEK Products. This was for the purchase of items for the charity to the value of £1,566 (2024: £Nil). At the balance sheet date the amount due to/from STEK Products £Nil (2024 - £Nil).
Page 17