2021-12-31-accounts

0￿19Th EnueW ID.. BcA14407￿EE2478A-￿EM7CF75F1FMF Brooldands Museum Trust Limited (A company limited by guarantee) Report and Financial Statements Year ended 31 December 2021 Charity number: 296661 Company number: 2109945 "ABA6VCY3* 1110812022 COMPANIES HOUSE A07

DoEuS•3n En¥dgpE10.. BcA14407.DEE2478MBEr￿C87CF7sF1F￿E Brooklands Museum Trust Ltd Report and financial statements 31 December 2021 Contents ChirniH's St￿tt￿ent Chief Ei¢¢wtiv¢'s R¢port Trn5tees, orricers and prfJfwionl Advis¢rs Rtpjrt of the Trusttes Independent audiitsr rtport 14 Consolidated $tstemeTht of fittantial ttiviti¢s 17 Blnet sbeets 18 St8temeDt of c&sh nows tonsolidxted st•tement of e•sh Ilows 19 Note5 to the 8fcounts 2044

Do¢u&9n En%eloF¢ ID.. ecA144074JEE2478A-A8EtsU7CF75F1FAF Brooklands Museum Trust Ltd Chairman's Statement In last year's stsm¢nt I reflected that nothin8 could have prepared us forthc challenges of Covid which hit us ail in March 2020. The mas51Vt disruption in 2020 continued throughout 2021 and. indeed. wtll inio 2022. We had to, very sadly. postpon¢ our I￿geSt annual ¢v¢nt- our 2022 New Y¢aT'S Day gattroring- although the new date on Easter Saturday proved extremely popular. Not ortly have visitor ntthibers yo-yo'd as a result of Covid. but IM)th staff and volunteer Covid sickness h15 hit U5 hard durin8 2022. Many volunteets have reassessed theirown volunteering ¢ornmitment P05t Covid and have dccided to r￿uc¢ their commithieni or reiire altogether. HOW¢￿r. in the Thnth5 we were opcn. and t5p￿la1[Y in the sumrner h)lidays, we recorded g)me of ow greatest numb¢r of visitors for lh period ¢ver- a very rewuring sign. It wa5 during this period that we celebrated the 95 anniversary of the first British Grand Prix. which Wds held at BriN)klands in 1926. 8nd a few weeks later ihe Stirling Mos5 tribute eveTht where the Brooklands Members team were able io amass art extraordinary number of cars that Moss had ra¢ed in the 1950's and 1960's. W¢ wer¢ delighied that Tony Brook8 a racing le8end in hi5 righL sprnt the day with us and this probably his l&st public tvcnt before he Sadly passed. That this Museum, today. finds itself with a strong beatin8 heart is thanks to the DCMS cul￿￿7 Recovery Fund aThd other grartts we have rettived from other aLrthorities. members and friends. These have totalled over £2m. I thank you all. The VAT relief - now concluded- as well as the CIBL5 loan. have cqually given us the cothfLden¢e to move ft1rn￿rd. Of ¢ours< these grants and the VAT relief have rKJw ¢ome ￿ an end yet the impact of Covid and indeed the economic crisis have not so we must continue to bE forever vigilant and focussed. We faced a huge challenge just six weeks before the summer re4)pMing when it mutually &￿eed ihat our catering contractor. CH&Co, would ￿1 be continLtin8 with ￿$. We express our thanks to thtm for the many years we spent in 5ucce5sfvI partnership. In true Br¢Joklands fashion. our Senior rnanagemenl learn seamlessly brought the catering in house aThl we sth)n had a far better off¢riog for our members and our visiior5. which now i￿ludeS many street food outlets dotted around the site on eveni d•ys. Lasi year. I $￿ed that a successful and SUSthinabl¢ fuiure could only li¢ in ¢￿￿1ft8 enduring partnershLP5, playin8 to our 5tren8ths and helpin8 U5 tell our storie5 better. We are unique in the museum WOTld because Biooklands was rh¢ cradle of Biilish motor sport and of th¢ development of aviatton and wherever possible we brin8 our exhibit5 to lifr by Using and demnstrating them. so th* visifots ¢an engage with ￿ history. Our new partnership wth McLar¢n Automotiv¢ in 2021, and the exhibition we created with them, Driven by Design, showc￿e$ the diverse people who create 8round-breakin8 vehicle5 at McL#ren today and drdws paTallels with the people who broke boLLrtdaries at BmoklaTMls in the twentieth Cen￿ry, highlighring how the inrLOYation and human endeavour so evident at Brwklands. is needed to solve the challen8es of today. 4TwJ inspiring visitors to ihitlk aboLrt how they ¢an play a Tole in shapin8 the ￿Ure we will all share. Inspiring the D¢￿ genemion of youn8 people to take up career5 in scIe￿e. teC1u￿[0gy. engineering maths (STEM), thereby helping io address the n￿lo￿al shortage of s¢ientLSts and engineers, is at the heart of our educaiion progrdrnmes and it will continut to play an Incr￿InglY Important part in BriN)klands life as we only celebrate ihe a¢hievem¢nis of the pasi but we l(x)k at ihe presen¢ and ¢0 the future as well. Thus, ow partnership with the Heritsge Skilts A¢ademy h&5 gone frorn strenoh to stren8th sirKe tIKy opened their site at Brooklands m￿SeUm in January 2021. As I write this statement there are some 160 budding hersthg¢ engineering appreniices enrolled on three year ¢OUTses. i￿ring (he year, we developed th¢ Bmoklands InrKJVation Academy which will inspire and support more ihan four hundred secondary School students each year, to take up careers in STEM subjects. This innovative programme is being developed thmugh a parthttship with Boume Edu¢aiion Tns( businesses it)¢lwting kad spotwr GlaxoSmiihKline, and Well North Enierprises. A seconded science teacher, working within the Museum. is helping to redefine our learning offer for schools. to be more impacrful for the young people wilh wlw)m we ertgage. The launch. by Yesterday Channel. of the ten part series. ￿ of the Trnnsport Museum," has been o M4)nderful portrayal of all the behind the s¢et)es work by our Wolw)¢ee￿ at)d s¥ff and has yndoubtedly had a favourable impact on visitor numb¢r5.

DorJJSh3n En¥dope ID". BCA144D7i1EE247&WSEDU7CF75F1FAF Brooklands Museum Trust Ltd Last year ha5 brought us a Etvvy of awards- TripAdvisor Trnvellus. Choi¢e" finalt5t in Beautifvl South Large Visitor Attraeiion. SuTr¢y Business Awards and not least a special award frorn The Carmen Livery Company to the Trustees for the deft way they had steered the Museum thmugh the Covid Pandernic! We we gr*ful to have been ihe beneficiary of all ih¢se awards. We have made ¢x¢ell¢nt pro￿¢$$ in our MasteT Planning work for our site and development of the Museum over the next 15 years and this is d¢ali wih more fvlly in our Chief Exttutive's report. A consultsiion wilh volunieets and staff in early 2021 showcd widespread approval for the Museum's redefined vishon, Jrtfpiringpeople io sk7pe ihefvttwe thrO￿8h Brooklands'kisioiy ofinnovat40n al￿endeavo￿. and the plan5 for the future of the site and the storie5 we tell. We pressed ahead with early elements of the Masieryyloo, finishing the design$ and rnising fund$ for £lm of reTh)vations and a¢¢ess Improvements io the Clubhousc. wthich arc Currently underway. Our Brooklands Metnbers arc a cla55 Xt in supporting the Museum not only through the substantial subscription income they getlerate but a150 in their pro8ramme of events. talks, social media presenee. TV channel and exeelleni bimonthly Brooklands Bullelin. I'd like io ihaftk Neil Bailey. his committee and all thtsse other members who have helped make a real difference. should like to ihank all our partncr5 for their supwjrl. Surrey Couniy Council a￿1 Elmbridge Borough Council and our local councillors have alwdys been helpfijl. Our relationship wilh ¢he LA)ndort Bus Museum. who share our sit< has been excellent and I should like to thank Sir Peter Hendy. Leon Daniels, their Chair, and their trustees for their suptA)rt. Mercedes-Ben4 through th¢ir Mark¢iing Dire¢Lor, Rob Hallowdy. who l am delighted io say is also a trusiee of the MuseuTn have been good parthEf5 and neL8hb(yJr5. Brooklartds Museum would ty)i be the special place it is withoutour voluntee￿. They are our main interface with our visitors and our high visitor ratin85 are due in Th) small part to their passion and commilment to the museum and its exhibits. Their willingness io share their kTh)wledge and ¢xpertis¢ with our s¢lKK)I groups and visitors and to leave them feeling inspirtd is lege[￿ary. The Museum C￿ld txTrt run without the &ssi5tsnce of many oiher volunteers who Work hind the scene5. wilh the collection and in other capacities. Life hos rtoi been easy for many of our volunteers during and FO￿ Covid and I thank them for their dedication attd commitment. The pressures bioughl aiK>ui by the pandemi¢ continue io place an additional lo￿ on Tamalie Newbery. OUT Director and CEO. and on her senior management team and staff. 15hould like to express my immense gr&Étude and that of my Tnjstees i(p Tamalie for her dedication and ¢ommitrn¢nt to the Muscum and to all her staff. Finally. my trustee5 continue io be a tremendous support and source of wise counsel and l thank them all. The workload on many, and particularly our Vice Chairn)an. Captain Mike Bannister and our Treasurer. Neil Austit) continues to be exiensive. thank you boih. During the year Mark Wood bEcame the chair of our newly formed Appeal Board and very quiekly it started to 8et to 8rips with the challenges ahead. Sadly, Mark's other business int¢r¢sts. in th¢ fUTr¢nt mor¢ chall¢nging Ewnotni¢ environmen( art taking substsntially more time than he had anricipated when he became a trustee and so he will now have to drop back on his eommiiment to us. His contrib￿10￿ has been significant. and I thank hirn for all he has achiev¢d in a short p¢r￿d of tim¢. Ai our fortlthming AGM. we shall say goodbye to Rlrth MalloT5-Ray who comes to an end of her ihree-y¢ar term a5 8 tnLSte¢. I'd like to thank Ruth for her support during her ierm and particularly through Ihe Covid yeats. We have sutvived rh¢ worst of the PaDdemi¢ and have Wniinued to make good strides in putt4ng our vision further into practice to secure our long4erm future. A5 1 WTite this report our visitor numbers are alrtady a littl¢ aix)ve 3￿/ty of ou¥ pre-pandemi¢ results and healthily ahead of ourbudgets. However. we are cOn￿louS that many of our anticipated Vi51tors will be feeling the impaets of the deepenitlg fjnancial athd of living ¢TiSiS and whilst we remain excelleni value for money. on¢ must ￿ main extremely cautiOU5 of the outturn for 2022. Sir Gerald Acher CBE LVO Chairn)a Brooklan& Museum Trust Ltd

D￿sign EnveW10.. BcA144D7-OEE2478A-ABED(87cF7￿lFAF Brooklands Museum Trust Ltd Chief Executive's Report Despite 2021 being aTh)iher year thii was overthadowed by ihe covid pandemic. Brooklands Musewn ¢merged strongly gnd with its #rnbitious plans ftir the future having undergone fvrtherdevelopm¢m. The Chairnian's report m¢ntion5 many of thc year's highlighis. Including the partnetship with Heritage Sktlls Academy to provide apprenticeship training. the launch of the Sttrtts of the Tra￿￿rt Museum TV stties, the opening of the exhibtiion with McLare improvcments kn the Mu5¢um's admissions area and a4rds ftom TripAdvisor. Surrey Business Award5 and the Beautiful South. These successes were achieved agarnst a ba¢kdmp of urt¢¢rtainty. lo¢kdowns and Signifi￿nI Or￿n153t10Thal change. Due to lockdowms. the m￿eum was ctosed for the fitst five and a half months of th¢ year. bui li tA)unced back to have its best Augusi ever for visiior numbers. Nevertheless overall income was down by around £874,¢MM) over the year. if gr￿1$ ar¢ excluded. showing how vital the government's Cultwal Recovery Fund grants were ￿ 5ustsining Brooklands through this period and enabling the Museum io finish the year with a surplus. There is no expectation that emergency grant funding will be available in th¢ future. Vision 8nd Purpose Th¢ •rision of Brooklands Museum is.. To in5pirepeople t05hw thefuthre thromgh Broothndf. history 4ndeffde4voMr. Bft)oklartds was the ¢radle of Britjsh innovation and endeavour in the Worlds of motorsport and aviation. Today Brooklands Museum celebrdtes the passion. brdvery and invurtivcness of the men and who designed, built. raced ond flew machines like those in our Colleaion, ot) this hiswric site, throughout the twentieth century. Visitors are immersed in Brooklands, Slories and discover forihemsel¥es the qu•lities, skills and ideas of the inTh)vators, pioneers, engineers and adventurers of Br(x)klands- people wthose work changed their world and who eaTh inspire u5 today to shape the future ofour WOTId. The Museum has thrtt core Purposes.. We celebrate Br￿kIand5. its people and their achievements. Wt a place and 4 community where invcntiveness. expertise and wmp¢iiiiven¢ss live on. We use our Colle￿10￿ and heritage ￿ ¢owurnge int)0V￿10￿ and endeavour, today and in the future. The Museum is relevant and appealing to a wid¢ range of audien¢es: Heritage lovers rcswnd to the exrcptional cxpcrience. whith brittgs io lift the legeNls of Brooklatlds, their quest for speed at)d flight and their impact on the world. OA the site where it ail happened. Iniergenerational famili¢s value the opportuniry to discoverthe history of Br(xJklands its relevaTe to ihern. through interactive. immersivc expericnces and inspiring stories. Enthusiasts and researchers are drdwn by the in4epth interprttation. events and sense of Community. in the pia¢¢ where world moiorsFX)rt and British aviation started. Learners, partners and businesses recognise BrrKJklands &s a plxe that f05teTS innovaiion and endeavour. promotes science. technolo8y, engineerin8 and maths (STEMk and inspires the in￿VatOrS of thE future. In March 2021 we consulted on our vision and the five Inte￿￿￿¢10￿ themes th flow from IL via art onlin¢ pmcess involving more than 200 sraff. volunteeTS and trustee The new wsion and the story-telling themes were almosi universally supNirtcd. Con5uItCe5 rerogrbis￿ that they were rooted Brookl*th' unique history but fo¢us¢d OTh how thai was relevant io tU￿ent and firture generations.

Dlx￿￿ En%1￿? ID. BCA144D7-OEE2470A-ABEL￿C87CFrS1F￿F Brooklands Museum Trust Ltd The five interpretation themes are.. People.. the great endeavours of BTooklands people. who were visionaries and trailblazers Society.. Br(x)klands &5 a micrwosm of how %)ciety changed in the 20th century Innovation.. Brookland5 place wher¢ competition #Thj innovation IIouTished Influ¢net'. Brtw)klands at the forefront of world developments and events Future.. inspiring people to Shape the future ysit)g Brooklands. legacy. StrAtegic Pl•n In order to fvlfil our vision and core Pur￿se$. and w sttur¢ a sus￿Nable fulurt for the Museum. we need to strengthen the Museum as a ¢harirable business as li has to earn or rdise all its income. Our 5trategy.to do thts is focused in five areas. underpinned by a stron8er or8anisational and financial business model. Key areas of Sirategi¢ develop￿￿1 2020- 2030.. A) Develop and deliver a th$¢¢r-pln for th¢ 32 rnwturn Slte. Showing how it will be developed to enhances the ¢xp¢r¥ert¢e for visitors. foster irlnovation and endeavour through th¢ Museum's ¥tiviiies and ¢ortserye and prtseThe the heritage of th¢ burldittgs Race Tra¢k and ¢olle¢tions. B) Lkvelop and implement a stte-wide iDterprettiott svat¢8y whi¢h ¢ekbns Br£)kla￿ls, history. and looks for¥wds as well as backwards and STEM engagement strategie5 to bring this a diverse and larg¢ audience. c) Develop and implem¢ni a fuodr•iging strategy io secure the substsntial fimds which will be rtquirtd to deliver the m￿terPlan. D) tkvelop and implement a braDd aDd mArketiTrg styegy ￿ en$ts￿ Brooklands is understood by arkd appeals io its torg¢t visiiors and other stskeholders. E) Develop and ¢nh2n¢¢ the Museum's and finDcial modtl to enable it to deliver ihe overall straiegy. During ihe 2021 and the firsi part of 2022 considerable pro8re$5 was made on severaI of the strands of this straregy: STERPLAN Arts Council England provided a project grdnt lo contributt towards the cost of this work as did private dotKJrs. A cornpetition was held before Covid, to aptoint the archiWt and Pur¢ell were thosen. Work on the masterplan was able to be8in in November 2020. A eorLsulwiot) it) Spring 2021 on.the emerging ide&s Showed extremely strong appreciation of the need to develop the Museum and for the key developments that had beert idetttified. The key aLill5 of the M&%terplan are to". Make Brookla[￿S Museum sustainable by enhancing the visiw experiert¢e and increasing visitor numbers and revenue. Tell the Bnx)kland5 Story rnor¢ ¢l¢arly with more imp4¢¢ in line with the Museum's vision and interpretaiion strategy. Relain and enhance the hi5tortc chardcter of the site. Enable the proper care and maintcnantt of the Collection. Scheduled Monument and historic buildin8S. The Mast¢rplan will be delivertd in three main phases: A) Making an Er)tran¢e- which will deliver an improved and more accessible arrival experieJKe. better visitor services facilities and improved a￿¢$$ ground the site for all visiwrs ihrough a land tratn. The entrance will b¢ r¢located

DpcuSKJn En￿Dpe IO". B¢A144D7-DÉÉ2478M8Étsts7CF7&e1FAF Brooklands Museum Trnst Ltd to the centre of the site. repurposing an existin& hisroric buildin& opething up all elements of the B￿0k]and$ story from the beginning of ihe visitor journey. B) Pitsneers and Innovators-this phase WTII re-tell the pre Se¢ond World War Brooklands story in the Clubhouse and sout￿rn part of the sitc. linking the Work of B w(x)klands' pioneers with the innovators and boundary breakers working in engineerin8 and technology i¢)day. The pre-war mO￿rIng and ayiaiion storie5 will be brought together to show how innovation flourished at BrOoklar￿S ar￿ there will also be new learning spaces. workshops and offices. c) Flight to tht World- the final phast wkll tell thc story of how Brooklands was at the Centre of the ¢hanges in civil aviaciot) after ihe Second World War. whi¢b mad¢ air travel an affordable and common cKcurrence. filndamentally changing how we live. The story will be told in a new hangar that will bring CorKorde and our other CLVLI aircraft under ver, preseTving ihem and making them ac¢essible to everyone. A pre-masierplan phase of £lrn of remvations to the grthle Il listed Clubhouse has been made possible during 2022, thanks to grants from Elmbridge Borough Courtcil and the Department of Diwul Culture Media and Sport's MEND fvrtd. The work5 will include the installation of a lift makin8 the building accessible for the first time. rEiiPRETATION. HERrrAGE. STEM AND ENGAGEMEWr.. In July 2021 we launched Driven by Design. a new exhibitkon develO￿d in ¢ollaboration wilh M¢Laren Auiomotive. 1¢ was designed to lest some of ihe key ideas behind the long terni interprttaiion sttat¢gy. p8nicularly the connething of Brooklands, past with innovation today and the drawing out of thc chara¢teristi¢s and roles of the huge rart8e of peopl¢ involved in pushing automoiiv¢ boundori¢s b)ih today and in th¢ past. IL has been a great success in attracting a new auditnce and in inspiring youn8 people to think ab￿￿[ creets in automotive seciorand in STEM artss mor¢ generally. London Bus Mus¢um, whi¢h is lo¢ated withtn Brooklands Museum and part of the Br￿klandS vi51t eX￿rIence. redisplayed its main gallery during the Covid Closu￿ reopening in Spring 2021. The new displays inelude more interactivity for children and have been very well receivtd. The Jackson Shed displays alM)Ut the British Grand Prix wtre 8iYe an light refresh in time for the celebrntÉon of ihe 95 anniversary of lh¢ firsi British Grand PTi& held at Brooklands tn 1926. IXLrin8 the year Brooklands Mus¢um also developed the Brooklands Innovation Academy which was lauTh¢hed in May 2022. It wll inspire and 5UPPOrt over 4¢)0 secondary 5chwl Students every year. io thk¢ up c¥eers in STEM subjects. helping address our national shortage of en8inttrs and scienii5ts. It is part of the Summcr Science S¢hotsl programme, developed by Pro(¢$50r Brian Co& Lord ATrdr￿ Mawson and Well North Enlerprises and it is being delivered at Brooklands in partnership with Bourne EdUc￿lOn TnLSi A$hford St Peters NHS Trust and= Gl&¥oSmithKline, who is the lead sponsor for ihe first two years of ihe programme. In January 2021 the highly respe¢t¢d H¢ritag¢ Skills A¢ad¢my opened a new apprentaceship trainÉn8 programme at Brooklands Museum. to deliver 160 appreniieeships a year. in heritage vthicle maintenancc arml restordtktin. This imp)rthni partrtership. which also includes ihe Federatjon Skills enables skills needed for the conservation of heritage vehicles such a5 those in the m￿e￿rn,s Collection bein8 passed on. It a15Q 8iVt5 Brwkland5 the opportunity io work with other5 in future education and learning programme$. The Muscum's learniTtg programme5 were completely rcviewed during the year with opFK)rtunities 10 improve the Brooklands offer ideniified. During 2022 th¢s¢ have been developed with the help of a secondary sch(N)l science teacher. seconded from Chertsey High SthIMTrI. as part of our partnership with Bourne Education Trust and fvnded by ihe Federation Skills Trust. The ncw sthools offtr is being launched in September 2022. The events programme is a key part of how the Brooklands story is told. with the opp)rtunilies il presents for the public to be involved in re¢reaiJng ihe ¢omwitioth. ihrill and excitement of Brfy)klaThJs in its heyday and to use our Collection of Bmowands vehicles and aircraft. Each year we IM)Id some special. commemorative events and in 2021 of particular TrJte was the 95 anniversary of the first BritLSh Grand Pri& which was held * Brooklands in 1926 and ihe Stlriing Moss

O¢)cuSun En¥eloFe ID.. ÈCA144D7iIEE2478MBEDU7CFT￿1FF Brooklands Museum Trust Ltd Tribute event, otgattised by Brooklands Mernbers. and celebrating the life of Sir Stirlirtg Moss, WI￿ had personal and family conneclions to Brooklonds. Thtre were some new additions ¢0 the ¢oll¢¢tion during the year. Highlights included th¢ dot)•ion of the ori8inal win8 for G-HAWK which will b¢ refjlled to th¢ air¢rnlL" Ihe donation of a sigt)tfi¢ant archive relating to Grdnville Bndshaw. motorcycle and air¢rdft engine designer. the purch&se of an unusual origÉnal Btrjoklands racing poMeT and an early mtorcycling medal won by a local rider. Objects from the collectiot) were loaned ￿ the Mototsport Hall of Fame in Dayton4 USA to help celebrate Johrt Cobb's induction. FUNDRAISING: The fundrdi5in8 Appeal Board welcomed new committee menthrs and has continued to develop new conM¢ts and relationships for the Museurn. A rdnge of new grdnts were received and Brookland5 Museum is 8Tateful to all the individuals and organisaiions thai are supFM)rting its work. £200,000 has been raised ￿WardS the fitsi two years of the BrDoklands Innovation Academy as well &5 donations to support our core a￿1VitIeS during the many motiths of Covid- enforced closure in 2021, and to undertake essettiial repairs ott the Clubhouse. The arnount rdiSed extteded the targets for the year, largely due io the unexpttt¢d continuation of ihe Culturdl Recovery Fu￿J. We Continue to be indcbtcd to the many or8anisation5 and companies WI￿ fvnd some of the Mu$eum's wr)rk in 2021 and 2022. including th¢ DCMS. Arts Council England. National LA)ttery Heritage Fund Surrey Couniy Council, Elmbridge Borough Coun¢il. Historic England. GlaxoSmithKline, the Wallon Charity. Suney Educatlon Tru5¢ Cargill, Federation Skills Trusi, North We$t Surrey Health Alliance. Brooklands Members and to the many different organi5ations who work with us on different elements of programme and activities. Brooklands Members ￿ntinUed ¢0 go from strength to strength. Mernbership had declined during the Covid closures and stood at 4500 at the end of 2020. By the end of 2021 thjs has r¢covertd 10 5826 and in Spring 2022 the number of households in membership ex¢¢¢ded 7000 for the fitst time. The Members Committee continue to work with energy and dedication to enhance the experience of Members and io syppon the Museum's activity and ambitions arbd the stsff and trustees are groteful to ihem for all their efforts. BEiAND AND MARKETING.. A new ten-part TV series, Secrets of the Transwrt Museum. filmed entirely at Brooklands Museum. wa5 launched in M¥rh 2021 on Yesterday chanrtel with viewing fi8ure5 of up 10 51)O,IKM) per ¢pisod¢, and with a se¢otHt s¢ries airing frorn February 2022. This raised the Museum's profile ioca]ly and ￿tIo￿lly. and extended visibility and reach. at # time when Covid meant the Museum was closed. The Museum's achievements wtre reco8ni5ed with a TripAdvisor Travellers. Choice award. giv￿ to the IO%of attractions ini¢mionally, and when it was sel¢¢ted as a finalist in thE Beautiful South awards. A full revi¢w and bencbmarking of our markding Stratryy during 2021 led to the decision to increase the resources put into marketin& with an additioTral member of staff, larger budg￿ and the commissioning of a PR agency to support th¢ Museum's natiortal rea¢h and profile. parti¢ulaTly in th¢ motoring world. In AuNmn 2021 the updated webslte was launched with improved navi8ariorL design aThd usabiliry. The summer t￿arke11ftg campaign focused on ihe new M¢Lar¢n exhibition. This led to an excellent surnmer season. wilh the highest ever Augusi visiior numbers. Focus was successfully fftairttained ort encourdging online. advance IKM)king, sign ups to our e-new51etters. eonversion of visitors to Members_ The websiie saw irKreased visits and dwell tirne. A new Cycle path from Weybridge Wwn centre ￿ Weybridge station and then past the Museum to the Brookland$ Community Park was opened in 2021. with the opening evetli held at Brookland5 Museum. The MuseLLm provided artwork for new signage for the Brnoklands Heritage Arw raising thc site's profile within the area and the Museum b¢n¢fit¢d from subsraniial improvem¢nts io th¢ appearartt and a￿1b1]ity ofits entrance area as parn of th¢ s¢h¢m¢.

OorJJSign Emlop•10.. 8CA144074EE2478￿￿7cF7sF1FF Brooklands Museum Trust Ltd ORGANISATIONAL DEVELOPMEKr: 2021 was a ¢hall¢nging year for ihe organisation and and volunteers displayed enon)KJUS wmmitment r¢sili¢nc¢ &5 th¢y adapted to the different things required by the Covid pa￿MiC during the course of the year. There were Considerable periods during which the Museum was closed in 2020 due io ihe Covid p2Trd¢mi¢. The beginning of 2021 saw a similar pattern. As the year began, the Museltm had been rquird to be c105ed since mid December 2020 and vrd5 not able to properly reopen until 21° May when it rcopcned Wednethy io Sunday. alihough there had b¢en a few days ofoU￿00r only opening from mid April_ Ai the b¢ginnit)g of ihe summer holidays the Museum moved to seven day per week opening during xhool holidays, but remaining closed on Mondays duriTh8 term time. until March 2022. when seven day opening wa5 fully reinstated. BeCa￿se of the closure5, 2021 ViSLtor numbers were 98,486, an increase of nearly on 2020 but do￿ 46Vts on 2019 level of183.636 (2020. 49.019). Visitor income for the year was £1238.652 (2020- £568,672). Covid brought some unexpected cha]lenges. of ￿1(h became op￿tunIties. in particular bringing the Museum's teriog operation in house from June 2021. after many yeaTS of partnership with Crea¢iveEvenis, latterly owmed by CH&Co. Initially thi5 W&% very demandin8. Wlth the need to rebuild a business that had bcen largely closed since the stsrt of th¢ pandemi¢, and iniegrne li into the wider Mus¢um business with substsniial impa¢ts for the FinaThce and HR department5 in particular. However. in the longer terni li ha5 been proven to be an excellent move. with the new team delivering high srandards, and greater pmfits than would have be￿ possible when li was outsourced. Work Continued on the Museum's ¢qua]iry. diversity and inclusion strategy, Open Up Brooklands, during th¢ year. with session5 held with all staff and Tru5tee5 as well &s some volunteer5. The strategy ernphasi5e5 working to make all the Museum'$ activities, programmes and exhibiiiotts ithclusive and relevant to a wide rnnge of people and work has already begun to integrate good pradice acros5 a range of areas including rtcruilmenL mark¢ting ar￿ leaming. The Trustees att¢nd¢d a half day d¢velopmeot s¢ssion on EDJ in Febwary 2Q22, a¢¢ompanied by iepTesentatives of the Members. Comrnittte. This resulted in the realTLrmatii)n of the impjrtance of this Work as integrnl to the achievement of the Museum's vision to pmvide inspiratiort to ￿￿lie. The 18Thition pro8Tamrne, which defines the organisational culture required to achieve the Museum's arnbitions. and the resuliing commiimeni that the whole museurn tearn make to all ¢ustomets visitors.. Brook114Ads oi tts besi. every day, continue to be central to staff recruitment and induction and htlp fcKus the or8anisation on improving standards. Visitor feedback during the year showed a strong delivery again￿ this ¢ommitsnenL with high scores compar¢d to similar organi5ation5 8cn)ss all ar￿ of visilor experience. Part of this Strength comc5 from the Museum's volunteer cot¥)rt. wljo have always bcen key tts the Mus¢um's Care of its sit¢ and collections and the experience thai visiwrs, school groups aThd others have when they visit BrLK)klands. The trustee5 and Staff extremely grateful to all the people wlK> volunteer their time and expertlse to assisi the Museum in Ifilling its purpose. Brooklands Museum was horwred to be a finalist for Employer of the Year in the Surrey Business Award5 in recognition of the work it has done to support stsff and volurrteeTS during Cowid arml ￿ ¢rtaie an organisational culwre that re¢ognJses and valyes th¢ team and enables them to d¢liv¢r our strniegy. The Museum's overnll str￿egY highlights the need io establrsh a susraitmble busirtess model for the Museum where operating surpluses are sufficient to meet On80in8 maintenance and conservation needs ￿ well as to provide 5ufficitnt 5urplu5e5 for investing in new adivilies and to mitigate a rdnge of ri5k5. During 2021 the Museum Wd5 rquired to rlose until mid April and ih¢D only opened up outdoors for a period of time befo￿ b¢inB able io wpen indcK)rs in May. In 2021 the Museum was only open for 212 days. Thi$ inevitably imwted iTKorne with income excluding grants at £2,912,966, Compared ￿ £3,786,662 in 2019. However Brc)klands Museum's impxtsTKe recognised in the £982.400 emer8ency funds grnnied to it through the 80vernment'5 Covid Re¢overy Fund with il*se grants. plus delays or ¢an¢¢llation of Th)ll-e5seniial expet)dtture, it was possible to finish 2021 with a surplus of £474,301. However there is a backlog of maintenance work which now needs to

DooJSHJn EnYJF IO". BCA144D7￿EE247&4.￿7CFr￿lFAF Brooklands Museum Trust Ltd be addffssed and the Museum rteds to match fvnd grdnts received for the Clubhous¢ and other projed$. so most of this surplus will be reinvested in th¢ siie during 2022. Pr¢ Covid the Museum did not generate surpluses for reinve#ment on a $ustainable b&sis, $0 ihe challenge of the next few years is to move the Museum op¢raiions io a position wher¢ this is p)ssibl¢, with a core fi)cus on increasing visiwr numbers to achieve ihÉs. which delivers both Br(M)klands M￿UM'S charitable PVTpose and supports the finances. 2022 and 2023 will see a complete review of the Museum's business model and the crcation of a business plan to achieve this. The Work for this bcgan in late 2021 when a commercial Op￿rtUnItieS review was undertaken by A Different View. with recomm¢Thlaiions being implemented during 2022 ar￿ beyond. Re¢ognising substantial developmental work required by rhe m￿terPlan. new ¢xhibiiions, upiral fundraistng and business plannin& th¢ leadership of the Museum execulivc wa5 rcstructurcd with a smaller Senior Leadership Team. wh will be freed up to focus on loThg term developments by a t)ew. Department Heads iier. recruited in late 2021 athd the first half of 2022, who will be res￿￿$ible for ¢he day to day operations and one to year improvement progrdmmc for th¢ Museum. 2021 continued to See #rengthening relationships with the many partner5 Wlth vihom we are dtlighted to work. including London Bus PreseTratior) Tn¢si, Heritsge Skills A¢ademy. Brooklands Cars Ltd. Br(￿k18ndS Members. Middlechild TV, Well North Enierprises. Bourne Edu¢atioTh T￿$1 aThd our n¢igblx>urs at Mercedes Benz Worl¢L The Heights and JTI. Future PlaTr5 Continuing to implement our 5trai¢gic plan will be 8 in 2022 and beyond. tkveloping the fiwst phase of the masterplath delivery will be a key area of activity. We will also continue invt51in8 in our staff and voluntttr team thrnu8h the Igftition pro8ramme and Open Up Brooklaods, our equality. diversiiy and I￿lUsion strategy. At the beginning of 2022 we identified the following focus for fvture plan5-. 1.1 Goals for &5 Years i.Put our vision, innovalion. ¢ndeavour and connedions between the firture and p&$¢ at the heart of all we do ii.Develop and deliver the fhr5t ph&se of the rnasterplan iii.Develop our business ftM)del to the museum's o)re adivity on a sound financial fi)otin8 la Key obj¢ctiv¢s toward$ th¢s¢ gol$ for #exi 1-2 yurs i.Transilion frorn current Director level senior leadership team running ihe day ￿ day MuSt￿m and its on80ing, incremental developmen¢ to this b¢iThg led by ib¢ new'H¢ad5 of Department. team. En5ll￿ they have oWn￿shiP of the 1-2 year horizon within the longer term plans and strategies agreed. ii.Develop a fiv¢ year business and organisationa] development plan. with propEr input and buy-in from the heads of departmcnL 50 eY¢ryone can sec thtir part in transitionin8 our busirtess model. iii.Rws¢ the stan-up funding so we Can recruit the stsff and appoint the professional team needed to get the m&sterplan and as9)ciated fundrdising appeal undervdy. 1.3 Enabler& necessary to achieve goals nd objectiw i.Compleie re¢nJitmeDi of Heads of tkpartments and embed them in their roles and le4dership. Refocus SLT on the longer-term. strategic work. ii.R¢-igniie Jgniiion Programme, ￿ deveknp the cultwe we nee￿ I￿OrpOrate EDI Work arwj roll it out to volunteers &$ well as staff. iii.Communirate more 0￿ra11 Strategy plans. especially to staff. but also to voluntttrs, so all can s¢e their part in it. Share ihe progress already made and the suc¢esses as we d¢liver the plan. iv.CoThtinue to raise profile, build partner5hip5 and create relaiionships thai enable fundraising and gr0￿h. v.Cot)linuously improve ¢ore Museum activity, and ensure that developmental o¢tivity is not at ihe expens¢ of this ¢ore. Tam21ie Newbery Director & CEO

0￿$￿]n En￿￿pe ID.. BCA144D7-DEE2478A-ABE[￿87cf7SFlFAF Brooklands Museum Trust Ltd Trustees, O￿l¢erS and Professional Advisers Royal Patron HRH Prince Michael of Kent Pre$ideni The Duke of Richmond Bord ofTrwtees Chairrnan Sir Gerald Aeher CBE LVO Oth¢r Trnst¢¢s Mr Neil Ausiin Capt. Mike Bannister (vice chair) Mr Grdham Chisnall Mr Robert Halloway Dr Ruth Mallors-Ray OBE Mr Simott Miehaelides Ms Marilyn Scott MBE Mr Mark Seligman (appointed 04103r2021) Mr Randolph Seswn Mr Geoff Wanl Ms Georgina Wo Mr Gregory Mark Wocxl CBE Secretary Mr James Thorne Museum Dir¢¢tor & CEO Ms Tamalie Newbery Banker5 National we￿mIl￿ter Bank pl¢ l High Street Surrey KT13 8A Y Solicitors Barlow Robbins LLP Cothcord House 165 Church Street E&st Woking Surrey GU2I 6HJ lrtd¢pendtnt Auditor Menzies LLP Centrum House. 36 Station Road Egharn Surrey TW20 9LF Registered and prineipl offiet Brooklands Museum Brooklands Koad Weybridge Surrey KT13 OQN Charity Regislr*tion Number No. 296661 Compgny Regi￿ratIon No_ 2109945

Dorx6i9n Ern￿(￿10.. 8CA144D7-DEE247&4-ABELW87CF75F1FAF Brooklands Museum Trust Ltd Report of the trustees for the year ending 31 December 2021 The trustees are pleased to pres¢nt their annual direciors. report iog¢ther with the consolidated financial statement5 of ihe charity and its subsidiary for the year ending 31 D￿ernber 2021 which are olso prtpartd io meet the requirements for director5. report and accounts for Cornpanies Aci PUTPOSeS. The financial ststem¢t)ts ¢omply with the Charities A¢1 2011. the Companies Aci 2006. the Mernordndurn and Articles of Association. and Accounting and Re￿rtIng by Charities.. Statement of Recommended Pia¢ri¢e appliuble to charitie5 preparing their accounts in accordance with the Financial R￿Orting Stsndard applicable in the UK and R¢publi¢ of Ir¢laod (FRS 102) leffectiv¢ l January 2015}. Chrit#ble ObjetL Vision And Mission Brooklands Museutn Trust Wds itKorporated in 1987 ￿ the followiThg object.. "The obj¢¢i of the TTUSt shall be to advance public cducation in the history and developmtnt of TO￿ vehicles and al￿raft and objects of whatsoever nature relatÉng to road transport and flying. and in partrcular any of the foregoing which are asso¢iated in any way with Brookland5 at Weybridge in the County of Surrey, BrLN)klands Automobtle Ra¢ing Club and Brookland$ Aero Club." The stfgtegic report Is Contained ihe Teptsrt of ihe Dired•r & CEO. Financial Review The statement of financial a¢iivities for 2021 shows an Un￿51￿Cted opernting surplus of £793.598. A depreciation charge of £223,687 was dedu￿ed from this resulting in a surplus. which amounted to £569,91 l in unrestricred funds and £474.301 in total fvnds for the year. knses in visitor Érwme frorn having ir) close during the pandemic wer¢ largely offse¢ by COVID related grant income and a reduction in expendilure. The Trustees have all(Kated the surplus from 2021 to enable capitsl projects and mainienanc¢ work that had w be d¢loyed during Covid. to be undertaken in 2022 and 2023. Du¢ tth the impaclof COVID our trading >Jbsidiary Brooklands Limittd hld to suspethj much of its activity during the first P8rtof the year. When the Museum was able to r¢opert aaivity resumed and buili up during the of the year. ￿Jt wilh a downturn in December as the Omicron Yariant of Covid spread. Itadin8 to posiponement and cancellation of Christmas h05Pitalily bookings. Nevertheless Brooklands Limit¢d generaied a Su￿1V$ in 2021 and trading ini eh first parf of 2022 Lrtdicaies a better performance is likely during the coming year. As a consequence of the unprec¢denl¢d circum5tanccs of the Covid 19 pandemic the Museum reviewed its carering eontraet. which had been prnvided by Gaiher & Gather for many years. Thjs review eortcluded ihat we would best be able to further develop our cat¢ring offer and providc the most revenue for Brooklands Museum by providing these service5 dirtttly rather than via a contractor. CH & Co a8rttd w a negotiated separation and worked with us to bring this abour and Brookland5 Hospitslity was tsken in IKuse. io be operated diTCCtly by ihe Museurn from 1st June 2022. Brooklands Museum is 8rateful to Gather & Gher for a successfvl parts)eYship which $partth￿ maDy years. Risk Management Durirtg 2019 an Audit Risk and Governance Cornmittet was established as a Sub-committee of the Board of Trustees. The committee has two indep¢nd¢t)t members. A new risk regisr was compiled by the Executive team and is reviewed annually by the committee, and then by the Trustees. The mosi signifi¢affl risks are dixussed and mitigaiion strategies r¢viewed. Tb¢ current areas of major p)iential risks to ihe Trust have been identified a5 the impxt of the economhc cri515 ¢fftctin8 the Museums finarKial resilience and maintenance of the aBing infrasttweiure. Fingneial resilience- Financial forecasts do not project a rewrn w pre-pathmic levels until ihe later part of 2022. The Trust continues to monitor incomc streams and expenditure lines 50 that Éi &qn manage any varian¢¢ ogains¢ budget. Cashflows ar¢ regularly Teview¢d aod lh¢ manag¢ment ieam continue w update their strntegie5 for fimdraising and inwme 8eneration to adapt to change5 in the economic climate. Agting iDfrastructure- The Trust are H￿rkIng through a progrnm of surveys and c05tin8s for large parts of the site, coThcentraling iniiially on those most at risk. A prioritjsed schedule of capi￿[ wvrks has been ¢re*e41 and maintenanc¢ plans formulised so fvnds can be allocated and works planned. io

Do¢uSWdn Envd¢we ID.. BCA144D7-OEE2478A-ABEOa7CF75F1FPS Brooklands Museum Trnst Lld Structure, Governance and Management Governing DocurntDt The Trust's 8ovcrnin8 documents art thc Mcmorandum of Undcr5tsnding and Articles of Asso¢iaiion of 1987. as amended in 1999 and 2008. The Trust is a re&Y5tered charity. UK Charity No 296661. and is a re8lSttrtd UK Company, registered nurnber 2109945. The Trust h&s a wholly-owned 5ubsÉdiary trading company, Brookland5 Limited. registered number, 2321226 and the Br￿klandS Trust Members organisalion a150 functions a5 a wholly owned attivity of the Trust. The Trust also has a wholly owmed non-tradin8 subsidiaryeompany Brwklands Vimy Inc ittcowrated in the State of Delaware in the USA and whose sole purpose is to owm on the Mu5cum's behalf its Vickers Vimy replica al￿raft. AppoiwJ¢m¢nt of Trwtees Current Trnsttts The Trustees come from a wide variety of bxkground5. reflecting the tr￿st,5 desire to have as wide a set of skills And ExperierKe availabl¢ as 15 possible. During 2018 the Board undertook an audit of ihcir skills and drew up r¢quirements for n¢w Tnjstees to fill vacancies on th¢ Board. An open recntiiment process was underraken in the e4rly part of 2019. led by search company Odgers. which resulted in the appointment of four new Trustees who will bring skills to the Board in ihe reas of aemspa¢e ¢rtgineerin& marketin& STEM leaming and finance. Subsequenily a further two Trustee5 have been appoinied to lead the Museum's fu￿re fvndNsi#g efforts. This has signifi¢antly stsethgthen¢d the Board. This has been suppl¢mented by ¢onsllltation on a new vision and direction for the Museum in Spring 2021, which incortxjrated consÈdeTation of key intcrpretstion themes ar￿ a new masterplan forthe s¥te as li develops. Trustees Emeritus And Vice Presidents The Board reiains in an honorary advisory capacity a number of retired sentor Trustee& are inwted io attend o¢wionai Board medings and, espe¢ially. continu¢ to assisi the Tr￿te£S staff with fvndrai5iThg. The curretrt Trustees Etneritus are.. tDrd Trefgarne Prof Mi¢ha¢l Joy OBE St¢wart J¢)hn OBE Allan Winn and Sir Mi¢hael Kadwi¢ are Vi¢e Presidents of the M￿tU￿. Principle5 of Recruitment for New Trustee5 The principle is to maintain tht Thidc5t Possible sets of skills 8nd experi￿￿ relevant to the Museum's business. Key areas in which the TnLSf sttks to maintain stren8th are finance. busir%5s mana8tment. marketin8. political. legal and heritage. with a balance of aviation and motoring interests. A R¢mun¢ration and Nominations Sub-committee composed of four TTusi¢es handle$ thi5 proces& and makes recommendations to the fvll Board on new apwTrintments. Trust¢¢ Indurtion and Tnining New Trustees aff inirodu¢ed inio the twst's activiti¢s through a briefin8 on their role and the business of the company from the Company Secretary and a briefing on the activitie5 of the company from thc Mu5cum Director. All appTopriaie declarations are obtained from new Trustees by the Compony Se¢r¢tary. Copies of the Charity Commission's guidelines are available w TnLStees. In February 2022 the Board look part in a half day dIsc￿$Si{￿ and trairÈing session on equality. diversity and inclusion. Trusttt Indemhity PTofessiortal liabiliry insuranct of £lm is ITh place through Ec¢i¢si•sricai JnSLWa￿¢. OrgAnisation The Director & CEO reports ￿ the Board of Tn￿¢¢5 and heads the staff struciure. Rep)rting to the Director is a senior managem¢nt team which during 2021 ￿MPrISed of the Chief Operating Officer, Finance & Support ServLce5 Director. Director of Engagement and Herita8e. and Markeiing Director. A tottl of 51 ￿lI4]me equivajeot siaff were employed by the Museum in 2021 (2020.39: 2019.47). The ithCTease is wimarily due io the cwering op￿lOn being broughi in hous¢ in li

OocuS¥n Enwlcpe ID.. BCA144D7￿EE247¢￿eEt￿c87cF7SF1FAF Brooldands Museum Trust Ltd June 2021. In addition. Ihere have historically bttn appmximattly 800 volunteus who SUp￿rt the staff in numerous ways, although these numbers have reduced durin8 the p2nd¢mic and currenily number ¢.600_ The Trusiees are grdteful to the staff and volunteers for their coll¢¢iive and personal contributions to the Museum's succe5S. Related Pirties nd CfvOpertion with Othtr Orgni$2tioAs Any tonnection between a trustee or senior rnanager of the charity with a supplicr or customer must be disclosed to the full ix)ard of tru5te¢s. In the Current year ￿ su¢h Trld party transactions wer¢ Teported. Pay Policy for Senior Staff The TT115t¢e5 are essentially the tWi-ex¢cutive Board of the Tntst and dire¢iorn of the CA)mpany. They give their tim¢ freely and dir￿[Or re¢eived remuneratitsn in the year. Details of directors. expenses and related paty Iransa¢tions are disclosed in note 10 and note 20 10 ihe accounts. No director5 Teceivd expense5 or had and related party Iransaciions durin8 2021. The Senior managem¢nr team {¢he Director & CEO and four other dire¢tor51 cornprise the key managemeni personnel of the charity. in charge of directing and controllin& running and op¢raiiDg lh¢ Trnsi on a day to day basis. The pay of the senior sthff is reviewed along with that of all cmployecs on a regular basis and increased in ac¢ordan¢e with average eamings Movements bul increases are also inforn)ed by ihe irading Fx)sition of the Museum. An elernent of any budgeted pay increase for Slaff is reserved for mcrit increases over and above any general increase. All su¢h n¢reases are set within the agreed bud8a limii by the Dire¢ior & ￿0 in ¢onsultation with the senior rnana8emeTht leam. The salary of the Dirtc¢or & CEO is set by ihe RemuneNion and Nominations Syb-committee of the Trustees. Publie Benefit The TTUStce5 have had due re8ard to the Charity Commission guidan¢r on public benefit. As a registered charity. Brooklands Museum Tnw thkes very seriously its resp)nsibilities for delivering a clear and thngible public benefit Ihrough its activities. The principal area5 in which it d¢livus this benefii e defined in the activities to achieve its aims and objectives as detailed at the start of the rep(Kt. Pricing Policy The Museum's mamgement $trives to achieve a balance betwtttt getternring the funds ￿qUired to marnlain and dcvtlop its heritage assets and making th¢ Myseum's displays and activilies accessible to the widest rx)ssible audience. To a¢hi¢v¢ this balan¢¢. we iry io keep the core admi55ton price in line with simtlar attra¢iions artd cotnmensurale with covering Museum running eosts, while Creaiing premiurn revenue opportunitÉes such as tht ConL¥)rde Experience to drive up overall avernge yield per visitor. We also eftcoura8e ￿ many visitors as possible io Gift Aid ¢h¢ir admis$ion. Reserves Poliey nd Going Concern Brookland5 Museum's policy is to hold cash for a variety of purpose5. described in its funds and reserves policy. The intended funds fall inlo three broad categories.. Unresiricied Fund& providing the operatin8 tssh required for day-to4ay rynning of the Museum- Designated Funds. deiernitned by the Trusfee5 from time to lime to plan for th¢ Mus¢um's fil￿¢ needs. and Resiricied Fund& restri¢i¢d w a specific purpose and whkch can only be used for thai purpos< for insiance as 8 condition of a gran¢. The desi8nat¢d funds are built up from income that the Museum receiv¢s. whi¢h is Outside the revenue streams irt¢luded in the op¢rating budget and is T￿1 Restricted. C&sh surpluses ai the end of Lhe fIna￿Tal year may be allo¢ated to designated funds. The nature of the desÉgnaied fvnds and amouots allo¢aied io ihem Can be determined and amended by the Trustees in accordarKe with this policy. Currently the Museum holds the cash required for its ortgoing operdiions and day-t041ay need5. Thr5 cash includes the bank loan tsken out under the govemmeni-backed Coronavirus Busines5 Interruption tA)ans Schemc (CBILS). The other nds all need to be built up as resources ￿lOW. by balancing the Museum's future needs with the current requirernents The impact of the closwe caused by Covid 19 subsequent peTicxI of low visitor number5 has mearti ihat funds that had been designated for proje¢ts have had to be used for more hmmcdiate needs. Restrirfed Reserve$ compTiSe funds committed for specific pl￿ under iernis set ￿t by the Third Parties. for inslan¢e donors and funders. The Trustees believe that the Museum's Th>n-proje¢¢ income through its regular activities. together with funds in hand. is sufficient to me¢1 lh¢ costs of n￿nIng Charity and maintaining its &ss¢ts. In additio￿ the Trus*¢s consider ihat funds 12

DouJS¢gn EnTrElwe ID.. 8CA14407-DEE247&4ABED£87CF7￿1F Brooklands Museum Trust Ltd will continue to become available 10 ¢4)mplete aTI pl￿ned proje¢ts attd therefo￿, the Charity is a goin8 concern for at least t￿l¥C months from the date of approval of these Accounts. Fundrai5TTrg The Charity is not a memberof Th¢ Fundraising Regulaft)r. WIK) IK)Id the Code of Fundrdi5in8 Practice for the UK. However, our approach to fundraising is to ensure thaL where prnCti￿l1Y possible. we wmply wilh the standards as set out in th¢ Cod¢ across all of our fundTaising a¢iivity, irt¢luding I￿Se relating lo ￿lnerable donors. We do not use any third parry Professional fundraisers ￿ approa¢h POtrDiial donors or supFxTrrters although we have worked in partnership wÉth Well North Enterpri5e5 to Secure 5UPPOrt for the Br￿klandS InMvation Academy. All fundrdisers are required to demtsnsirdte an understanding of thc Code and make a commitment to uphold its values when ihey join ¢h¢ Museum. W¢ did re¢eive any complaints this year rel￿1￿8 w Fundraising. Trustees. Respoftslblllths In Relatioth to tht Fi#tseil Sttemetsts Company law requires the Trullees to prepare fJnan¢ial ststements forea¢h financial year. Under that law the Trustees have ele¢ted to prepare the fina￿la1 siat¢ments in a¢¢ordart¢¢ with United Kingdom Accouniing SiaThdard5 and applicable law {Unii¢d Kingdom Genernlly A¢¢epted A¢wuniing Pn¢tic¢). in¢luding Finat)¢ial Reponing Standard 102 'The Financial Reporting Stsndard applicable in the UK and R¢publi¢ of Jr¢lond'. Under company law ihe Trusttts mu5[ not approve the financial s￿eMents unless they are saii$fied they give a true and fair view of the uate of affairs of ihe ¢hari¢y and of the surplus or defJ¢it of the company for period. In prepaTing those fJnan¢ial siatemen￿ the TnJst¢es are required to.. select suitable aecounting p)li¢ies and then apply them wnsisierttly. observe the methods and principles in the Charities SORP.. make jydgem¢nts and estimai¢s ih ar¢ leas0￿ble and pnjdeni: prepwe the finan¢ial skntements on the going ¢I)￿¢m b¥is uttless it is inappr0wi￿e to presume that the ¢ompany will ￿ntInue in busine5S. The Trusiee$ are res]y)nsible for keeping adeqyate wunting ff¢0￿5 that are suffi¢i¢nt to show and explain the charity's Iransa¢iions and disclose with rea￿llable a¢cura¢y ai any lime the finan¢ial position of the charity and enable them ¢nsur¢ ¢hat the financial statemenis comply wilh ihe Companies Aa 2006. They are also resp(pnsible for safe8uarding the assets of ihe Chariiy and lleKe foi tsking Yeasonable sps for the pr¢v¢ntioD athl detection of fraud and other irre8ularities. In 50 far as the directors are aware.. there 1$ no r¢l¢vani audit inforniation of thich the charity's auditor 15 unaware. and the diTe¢tors have iaken all sieps ¢h they oughi to have LO mak¢ themselves awar¢ of any relevani audit informa¢ion and to esiablish that the audiior is aware of rhat infomaiion In approving ihe Tntsie¢s Annual Reporl the trnllees atso approv¢ ihe Strnegic ReFort in their capacity as company directors. Auditors Menzies LLP are deemed w be re-appointed under seaion 487(2}of ihe Companies Act.21106. Small Cofflpally Exernption In preparin8 this re[￿rt the trustees have tsken advanlage of special provisions of the CompanTres Act 2006 relating small companies. Approved by the Board of Trusiees. ir &YA(I Ic Secretary Truslec O￿Aug-2O22 13

OrtuSh3n EThvebpe ID.. BCA14407-DEE247&A-ABE￿7cF7SFlFAF Brooklands Museum Trust Ltd Independent auditor report to the members of Br(K•klands Museum Trust Limited OPINION We have 8udid the finan¢¢al #•tenxntsofBrooklands Museum Trum Limi¢ed (th¢'panni eharitabkcompany?and its subsidlarics (the group? forth¢yearended 31 Dectmbtr 2021 which tomprise theConsolidi¢d#aitmtntof finanrial activitK4 the Conwlidat¢d balance sheeL the Com]￿nY sheeL the cOn￿lida￿ed sthtement of cash flows and the ttlared rlotes, incl￿ding a 5urnmary of signifi¢at)t countin8 policies. ThE financbal reFM)rting framework that been applied in their ptEpardti4)Th i5 appliubk law arld Unid Kingdom A¢¢ollnting Stsndards. including Fina￿1¥1 Rwrtin8 Stsndard 102 Tr Fin¥ncial R¢Fonin8 S¢and¥d appli¢abl¢ in the UK and Republic of Ir¢land' {Unit¢d Kingdom &ner•ily Acttyed A¢¢ouniing PMi(%). In ovroplnion tht fit)anc￿l sthitm¢nts'. give a true and fair view of the stalc oftlK Group'5 arbd of the parent d￿ri￿ble company's a5 al 31 De￿[￿ber 2021 Ind of the Gr{￿p.$ incoming te50UTces and application of including its Incon￿ and expendiNre for the year have be¢n prop¢rly prePa￿d in a￿Ord¥￿tt with Unitsd Kin8thm G¢tvally A¢￿￿ed A¢u)untin8Pra¢u¢¢,' and have been prepared irl aceordarltt With the tequirmcnts of the CofflpThies Aci 2￿. Basis frr opinion W¢ rA)nducied our audit in trtcordan(t wih InrN¢ional on Auditing (UK) OSAS (UKII and 4pplK8blc l•w. Our tespon5ibiliti¢s und¢rthose5t8nd8rds at¢ fvnh¢r(k%ritd in th¢ Awliwrf￿5EXIThSjbi1irl¢$ forth¢auditofth¢ financial 5ta¢rn¢nrs s¢¢tion of our report. W¢ are ind¢F¢nd¢tti of the Group th •word•)¢t With the ¢thicaJ rtquiremerlts that are r¢levont ¢0 ouraudit orth¢ financial starcments in the Unid KingdonL ittcludimg th¢ FiThancial Rep)rring Council's Ethiul St8Thdrf •Ni w¢ hiv¢ fvifilled our other ethical responsibilities in accordartee with these reqUiren￿tt￿ We bel￿t thai the •Jdil evidem¢e ￿ haveobthined is suificienigthd 4)pmwate io providc a Lxsis forour opinion. Conelu$i•￿$ relting to going eoTrcern In audiring the financial starettxt)t4 ￿ have wnclwjed that the Tnfftes. use of the goingo)tKm bLsis of￿aUn11￿B in the prtpatati of the financial 5Tar¢mertis is appropriait. Baxd oth the workm have Ferfomied. ha ty)t idtntifd any mattTi81 Un¢t￿lnI1esrtlItirt￿￿ t¥entsoT¢onditions th8L individually or colk¢iivtly. may si8n¢ficani on the Gmup'sor the paJe))i ¢haritable compart￿$ abiliiy ￿ ¢oniinueas a 80in8 ¢onc¢rn for p¢riod of ai least hlve mnths from kn the finan¢rdl statenKnts art authoTised for 1S51. Ow reSp￿sIbilItIeS and the reswnsibilities of the Trustres with res￿￿ ty goll￿ wn¢em art dexriw in the rtlevant se£tion$ of this rep)rt. Ofhtr infom#tion The other infoTm&tion comwses the inf¢)rmation irtcludtd in ￿ Annual Teport odr thth the financial statements and tyjr Auditor rep)rt thereon. The Twstees are Tesponsible for the other information contaitd wtthin the Annual [t￿rt. Our opinion on the financ¢•l stsiemtftis does not the other information aThJ. except tothe extent otherwse explicitly ststed in ourTewJrt. we do notexprtss any fortn of assurance ￿nc]￿lOn there1￿. Our reS￿nSibIlity is to read the other information in (k)ing w, consider whether the other infDrrnalioTr is materially incon5iStent wilh the financial ststerr£nts or our knowkdge obtained in the course ofihe audi( or otherwise aprar5 to be m&teriaily rni551xed. If 74E ideniify such matcrial inconsistencie5 Qr appDreTrt mllrerial misstarementy Jre required to determu whether this gives rise to a material mi$gaLetrLeni in the ftnancial stale[r￿ts them5elve5. If. based OD the we hawe rforn)cd. coThclude that is • material misstrn¢ni ofthis othcr iftfornvtio￿ ￿ 4r¢ tequired w ttport that fw. We have nothing Io T¢Wrt in this regwd. Opinion on other mattcrj prescribed by tbe C•mpnie5 Act2006 lft ouropiniotL b￿d on the undertaken th the oftt audit." the infontLation Biven in ¢he Tru5tees' rep)rt inclwlinB the Strate8ic It￿rt forthe financi￿ )tar for whsth the fifjan¢i•l stalen￿￿15 are prepAted is consisnt with the financial SLatements. the Trustees. ieport and the Siraiegic rewn bave t¢en prepared ID aC￿rd￿ with •pplic4)le kgal tequiTemertts. 14

DO¢￿s￿jn Envelope ID." BCA144D7-DEE247&1-ABE￿8TCF7￿lFAF Brooklands Museum Trust Ltd Matters on which we are required to report by exeepilon Jft the li8hi of Our knot¥kd8e and undeTStatsding of the ¢haritsble wmpany and its environment oknined ift the course of the audit. have [￿t identified material misstatements in the Trusttt5' report includinethc SttnieeK tewjrt We have noihing to It￿rt in re5￿C[or the following martets in ￿latiOn ￿ ￿7¢h G)mpnies Act to report to you if. i OIJT Opltiion.. the parent charitsbk company not kept athquate4nd sutTJcientrKcountUJ8 record4 or reh￿s￿dequate forour audit have not bcen received from brnnches visired by us: or the p8set)i ¢harithbk company fin8rt¢ial Aaiements ate rtol in a8leetn￿f with the aecounting ￿ordS 8rtd tetums" or certain diselosures ofTTUStee¥ retnuneration Srttlf￿d by Jaw are not made. or we have not teceived all the inforn)ariorL explanations r¢qu￿t for ollra¥dit. The TnL5tees bsrr¢ not ¢niitl¢d w prepwe ihc financ￿ swtnKnts in a￿ord￿ with th¢ small ￿mPani¢S ryim¢ and rakc •dv4Thtsg¢ of the small wmpani¢s' ex¢moion in plewingthe Direc￿¢$. rtp)Et R¢sponsibllitS¢s of Truste As txplained mort fully in the Trusttts, rcs]xTrnsibilitÉES 5tatemcnt. the TTU5tce5(wlK) 3tE also the diRctors of thc charitable company for the purposes of ￿ftbp8nY lawl Ire TesiKJiisibie forthe preparation of the financial statements and for being satisfied that they give a true and faiT view. and for such internal control as the Truse5 detennine is en•bie th¢ pr¢pBratw)n ocfuwncial sraternenis that are free from material misstatemenL wheEhcr due to fraud or error. In preparing ￿ fitv4nciaJ statetnellw the Tn￿te5 4r¢ res￿￿￿￿￿k for •58¢$5ing th¢ GtOUPs the pwenf ¢lwitsbk ¢ompany's ability to ¢Onlinu¢ &%&gOi￿ cotKern. disc105in& &5applicable. matters ￿lL￿dI￿￿oIng￿nc¢rn and usingthcgoing¢oThffrn ba5i5 of ￿cOunTIng utLles$ the Trustee5 eirher iniend to liquidat¢ th¢ Group or th¢ p￿eftt ¢harirabk wmt•ny or ro (¢a5¢ op¢r4tion5, or hav¢ no r¢alt51iC alternative but to do ￿. Auditon, responsibilities for the udii Of iht finantial sttemtRts Ourobjectives are to obtsin ￿¥sOnab￿ •s9Jratt￿ wlbethtrthe finan¢ial ststrtrtts as a ￿kno1e are free from material misstatement, wtLether dueto fraudorerror, 8ndtO iS5u¢ •Ji Audirorf rewrt that includes￿lopinI)￿. Reasonabk &ssuran¢e isa high levelof&ssur8nee, but is rrf)t a 8uar8n¢ that 4n a￿dit conduc￿ ith a¢¢ofd￿ wth ISAS IUKI will 8l¥VayS detect a mai¢rial misstat¢meni il exists. Missthfrmenis can arise from fraud or eV￿r and art considertd material if. indivbdually OT in the I8￿￿. tky ¢ould rtason2bly Ee expected ￿ ¢nnu¢n¢e the eeonomi¢ de¢isions of users taken on the b&sis of these financial statetrtnts. Irr¢gulariii¢4 including frau& ue inMKes of Mn-O)mpliance la￿¥ and rt8ulation& We P￿cedureS in sine with OUT responsibiliii¢s. ouillned at)ve. w de￿1 merial misstaieJi)¢nis ith res]x¢t of irregularitie& including fraud. The extent to kn4Jich our pro¢¢dur¢$ ar¢ capabk of(ktra¢n8 ir¥c8ulariti¢s Includin8 rrn￿ is dtUikd t¢Jow. Th¢ Group and parent ¢haritsble company subject to laws 8￿j regulations th ditertly the financial statements in¢ludin8 financial rtporting Itgislation. We deterrnir￿ thatthe following laws and Tegulations wtre most significant in The ¢n8a8emtnt partrr assessed whethtrthe tn8ageTnent team ¢olle¢tily hJ the 4)wopriate cotr¥thCe and capabilities to identify of Tecognise non-compliance With and te8ulaiioLs. Tr ￿$SJ￿￿1 did identify w issues in this ea. We assessed the swtibility of the GTh)up •nd p•r¢nt ￿MPAnY'S financial stai¢m¢Dtsto m•t¢Ti41 mi5MmenL including how frdud rni8hi (Kcur. W¢ wnsid¢Ted th¢ opp)mmjii¢s￿d wKeniiv¢s tha¢ mayexist within the or8aniwioth for fraud and identified the greatest potenrwl for fraud in the followingaY¢as'.

Postiagof fravdukntijumal entrits Po￿1￿8 of fravduknl ￿Y￿ents atHI ruxip¢S in the ￿￿untIng50flWIre AuiknTisatK)tK PTo¢tssin& *nd pAymEnt of fraudulent exFen5ts Timing of revenue reL¥)gnition Audit proc¢dures performed by theen8a8emert team in¢lth.. Id¢ntsfying and ass¢55in8 th¢ des¢8n errecii¥eness of ¢ontsols Mart￿t h&$ in plate to Pteveni and detect fraud. Understanding howth95e char8cd with governance con5idet¢d Jnd address￿ th¢ p)t¢ntiai forovuTKk of ¢onrToIs OT other Itiapptopriate influence over the fJnaDcig1 r¢porring 15

Doojslgn Envelope ID.. BCA144D7-DEE247&¥ABEt)WCF75F1FAF Brooklands Museum Trust Ltd

ChallenginK asJrnptiOtts and judgrnents Tnade by r[w￿¥ernent in rf5 signifitani accounting e5tÉmate5; and Identifying and testing￿)urnal cntrie& in pBrticularonyiourn&l entries ￿$[ed wth unusual xcount LX)mbinations. Beuuse of the inherent limiraiions of In audiL there is a risk that will not dde¢tall irregul￿111¢ including thse leading ¢0 M￿¢￿al misslakrnent in the fin¢ial STatements or N>n-¢omplw)¢¢ with rt8ulaiion. Th¢$ risk Ift¢￿￿ the Jnore thai tomplian¢¢ with a law or re8ulatitrn is re￿￿Ved fiom the events arKI rtflected itt d finaft¢i•l sta¢¢M¢rt￿ a5 we wll be kss likely ￿ b¢come awar¢ of i0￿8n¢t5 of non<omplian<¢. Th¢ Ti5k ¢5 also greater teEarding iTregularities o¢curritLB due w fraud rnih¢r than error. &% frxud involves int¢niion¥] wncea]meThL fotgery. (bmis5ion OrTni￿r￿E￿laf10th. A ￿nherdescrIption ofour responsibililies foi the a￿Li[0f the financial yatements is knLXted on the Finan¢i•l RcwnÉn8 Council's website ai." www.frc.org.uklaudi￿rsreSpD]LibL1i1I¢￿ This des¢ripuon rom￿ part of our Audiiorg r¢p) Use ofour report This rewTrrt i$ soltly 10 the ¢haritabk"¢0mp￿y,s m¢mttr& as a Wy. in a¢¢ordan¢¢ wilh Chapter 3 of Part 16 of the Compani¢5 AN 2006. OUT audit woik has undertaken so thai ￿ mighi sta to the ch¥itsbk cornpaThy's m¢mt¢TS thos¢ matter5 Are requit¢d te to them in an Auditors, Itport and for M other purp)s¢. To the fill1￿ ¢xni F¢nnitted by l•w. ￿ do not acttpl or a5Wtne Tel￿nsIbIlity to anyone other than the charitabk ￿rnPany arwj its mEmEers. as a lyyjy. for our 8￿j11 ￿rk. for this reporL OT S)r the i)pirtlo￿% have for[[￿d. 031F24fE2AU71 JANICE MATfHEWS FCA (Senior Ststutory Auditor) FOT and on behalf of MENZIES LLP Clwtered Ac¢ount8nts and Statutory Auditor Centrum House. 36 Station Road Egharn Surrey TW20 9LF 10-Aug-2022 16

DoDJSvJn Envelcpe ID.. BCA144D7-DEE247&4-A8ELNU7CF75F1FF Brooklands Museum Trnst Ltd Consolidated statement of financial activities (including the income 2nd expenditure account) Year ended 31 December 2021 N￿e Unrtslritttd Rtstridtd Unresir•ct¢d R¢51rbtted F¥#ds Dtt 2021 Fxnds FuNds Dec 2020 Totsl To¢al l•¢om¢ DonatiOn￿ts artd le8xies 1.840.493 167.854 2.[￿)¥)47 1.697.689 265,412 I,963,101 Intomefrom tknrilable adivjljes.- Op¢ration of m￿t￿m and ¢xhibits I,l46.994 1.146.994 508.764 s￿.764 Intomelrom tra&ngaclivities." CommeT¢ial tradinE oper81iorts 987201 987201 236.107 236.107 Investm¢ni iThwme 215 215 555 555 Toil ineomith8 r¢soiJrtes 3.974.903 167.854 4.142.757 2.443.115 265.412 2,706.527 E3p¢Dditur¢ Fu￿jral$lThg expenses 166.924 166.924 134.644 134.344 Commtt¢ial trading operations 817.826 817326 23fi358 236.358 Ewendilmre on cknrilable a¢tivilies." O￿Tation of Museutn and exhibits 2.420.242 263.464 2.683.706 1287,150 8fj,804 2,375.954 Total expenditure 3.404.992 263.464 3.668.456 2.658.152 88.804 2.746.956 Open)ting IdefJ¢iiVswwpls forth¢ ytar before l#Xtio 569.911 195.610) 474JOI {215.0371 176.608 138.4291 Net {O¢AigOtthgTrfith¢omithg reJo¥rtts before irA Thsftrs 569.912 (95.610) 474JOI {215,0371 176,608 138,4291 Gross transf¢rs b¢twY¢n fun¢15 Net movtmcTht of fund5 ill year 569.911 (95,610) 474,301 1215.0371 176.608 (38.4291 Toil fuds brotsght (or**rd 9.282.722 109.918 9.392.640 9.497.759 (66,6901 9.431,069 Revlluation reserve brought to￿9rd cArried forward 1.650.LX 1.650.OLK) 1.650.000 1.650.OfKI Tot41 fullds carried forwgrd 19 9.852.633 1.664.308 11.516,941 9.282.722 1.759.918 11.042 640 Of iotsl funds, £10,649,498 comprises langible assets 8nd is Th)1 available ￿ b¢ spent The ststem¢nt of fina￿141 artivities inclwjes all gains and losses recognised in the year. All ineoming resources and rcsourccs expended derivt from continuin8 aclivitie& The note5 on pages 20 to 34 forrn part of these consolidated finaTKiaJ statrments. 17

OrrtuSvJn En%knpe Kl: BCA14407-DEE247&WEW7CF75F1FAF Brooldands Museum Trust Ltd Consolidated Balance sheet 31 December 2021 Group Dec-21 Charity Det-21 ot¢ Dtt-211 Dee-20 Fixed assds HeTitsge Assets Tangible &ss¢ts Investments Totsl Fixed Assets 1,406,185 9243J13 1.402,892 9.420.309 1.406.185 9217,301 50.100 10.673.586 1.401892 9,401,103 50.100 10.854.095 13 10.649.498 10123.201 Current s$ets Stocks-goods for resaje DebtOTS C&sh at bank and in hand Toial Currtni Asstts 78,884 304.832 2.669.678 3,053,394 61,433 425.533 1.894.307 2,381273 642.911 2272.430 2,915,341 485,409 1.868.252 2.353,661 Liabilities Creditors= an￿unt5 falling due within one year 16 (730.1181 (457.271) (553228) (364.240) Net eurrent #5sets 2,323276 I.924,￿2 2.362,113 .989.421 Tolgl assets le5S tllrrent libilities 12.972.774 12.747203 13,OJ5,699 12.843.516 Creditors.. falling du¢ after more ihan on¢ 17 (1.455.833) (1.704,563) (1.455,833) (1.704.563) Provisions for liabili¢ie5 and charge5 iyet Assets 11.516.941 11042.640 11.579.866 11.138.953 The funds of the charity: Restricted funds Unrestricted funds Revalyation reserve 18 14.308 9,851633 1.650.(KX) 109.918 9282,722 1.650,000 14.308 9.915,558 1,650,000 109.918 9,379.035 1.650,000 Totsl ¢hxri¢y fund$ 19 11 516941 11042640 11579.866 11 138953 Of tts1￿ fund5. £10.649.498 compri5C5 lan8ibl¢ I5￿ts and 15 rN)t available to be SPEnt The financial 51at¢ments have been wepared in a¢¢ordan¢e with the provision$ appli¢abl¢ to entities subje¢t io the small companies regime. The t￿leS on pages 20 to 34 fom part of these thisolided financial sts*ments. These firtattcial s￿eMents wer¢ approve41 by the Tru5tee5 and Signed on their bchalf by.. 09-Aug-2022 Sir Gerdld Acher Chairnian Company Regisirnion Number 2109945 18

Doc￿gTh En￿(Ye ID". ￿Al41D7.0EE24T￿A-1EE￿7CF7sF1FIF Brooldands Museum Trust Ltd Statement of cash flows and consolidated statement of cash flows 31 December 2021 The Group D¢e-20 Th¢ Charity Det-20 Noie Dee-21 Dec-21 C4$h Itows from opemting •¢tivities: Net c4fhprovidedby (tssedin) 0￿r￿ling￿lI￿1leS 984 IJ8 728 597.4110 67.939 Cash flows fnjm investing aetivities: Inieresi income Income from sale of fixed assets Purchase of tangible fixed a55ets 215 555 74,￿1 (18.399) 201 409 74,990 (18,399) (49.984) 133,756) N¢t c4$h provid¢d by (￿$¢￿ in) investing Artlwiti 57.146 33 ss Cash nows from 1Snn¢in% c¢ivities: Incorne from borrowin8- CBIIS Repayment of PK)rrowin8 1.250.1 (30JOO) 1250,000 (30.5¢￿) (159.667) {159.667) Cwh used in fin•ncing g¢tiviti¢s 1319.500 Increase {decTease} in cash & cash equiva]ents in the y¢ar 775 71 1137 918 Cash & ￿sh equivalents ￿ ihe beginning of the year 1.894J07 756,389 1,868,252 523,813 Tot81 csh and CAsh equivalent5 At the end •f the yer J.894 The notes on pages 20 to 34 fomi part of these consolidated fmancial sts*ments. 19

Docuswn EThvekye ID.. ￿Al44D7.DEE247BA￿8EtK47¢FISFlFAF Brooklands Museum Trust Ltd Notes to accounts Year ended 31 December 2021 General infornigtion Br(K>klands Museum Tru￿ LimÈted ts a private cornpany limited by guaraniee irKorpoTated in England and Wales. The address of it5 registered offjce is disclosed on page 9. The presentational curren¢y 15 th¢ same as th¢ functional curretKy which is pounds sterling. The accounts are rounded io ihe nearest £. 2. Liability of rnembers limited by gurnnttt Every member of the company undertakes to conknb￿e to the assets of th¢ company, in lh¢ ¢v¢nt of the same being wound up. such amounts as may be required ￿t exceeding the sum of £5. 3. Museum collection Under the temis of a Tn￿¢ deed ded 26 July 1989. the Br(M)klands Museum Collection Trusl w&s fornied for the purpose of holding some of ihe exhibits of Brth)klands Museum. On 31 March 1990 oNnership of all Museum exhibits at that date was Iransferred from thrs company io the Brooklands Museum Collection Tnjst. The BrrK)klands Museum Collection Trust. by the ieTrnS of the said deed. loans the exhibits ¢0 this company for display puryN)ses. The Colleciions Tn￿1 is a separdtely re8lSteTed Charity from 14 March 2006 and is classified as a subsidiary of th¢ Museum. li conducted no trade during the period and remained eniirely dormartt. The assets of the Colleciion Trust hav¢ never been valued and are not consolidated into these accounts. 4. Aecounting policie$ Bsis of pr¢p4rn1ioty The financial Statements are prepared in accordarKe wth Accounting and Rep)rting by Charities.. Statementof Recommended Prdctice applicable to charities preparing their accounts in accordance wilh the Fin&nci81 Reporting Standard applicable irt ihe UK and the Republic of Ireland {FRS102} {effeciive l January 2019) and the Companie5 Act 2006. Assets and liabilities are initially recogni5ed at hi5toricaJ c05t or transaction value unless otherwise stated in the relevarrt accounting policy not¢(s}. The Statement of financial activities (SOFA) and the balance sheet consolidate thE financia] statements of lh¢ charity and its subsidiary undtrtaking. The results of the subsidiary are consolidated on th line by line basis. The charity considers iiself to be a Public Benefit Entity as defined by FRSIO2. Aecounting estimates and assumptions are made ¢on¢eming the firture an￿ by their nature, will rarely equal ihe related actual outtome. The key assumptlolls and other sources of estimiion UTttrtainty tha¢ have a signifi¢an¢ risk of ¢ausing a ma(erial adjustment to the carrying amounts of assets and liabilities wiihin the nexi financial year aTe discussed below. Income is re¢ogrtised in the Sthtemeni of Financial Activities onc¢ the Museum has entiilementto the resour¢es. However, the tnlitlernent to ihese Tesources and ¥ssumplions regarding when irKorne is re¢ognised is down io inteTPtdaiion. Liabilities are recognised where thcTE is a legal and ¢OllStru¢tive obligalion CoM￿l￿1￿g the charity to the expendiiure. However, the level of lega] oblig*ion ￿ whi¢h ihese Tesour¢es art in¢urrtd and assump¢korts regarding when th¢ obligations are reeorded is down to inferpreraiion. Going tontern The activities ofthe Museum. like all othersirnilarorganisationg has been severelyimpaciel by the Covid 19 Pandemic l¢ading tr> a sub5tsntial loss of irKome. However. because the TTUSI has bttn able io rettive a substsnlial amount of Govemm¢nt support using the furltsugh scheme and #Iso loan finarKe. and has also rt¢eived gI￿t fvnding, th¢ impa¢t has been substantially mitiÈated. The Trustees have accordingly Prepared detsiled projections for the nexi 18 monrhs and outlin¢ proje¢ttons up io 2023. based on expected income from regular achwties. granis and donaiions (mm fundets and other donations, against expeeted general and projeci expenditure. On ihe b&sis of those projections they constder the ¢harity to be a going concem for at least 12 JTh)nths following approval of Ihe accounts and for ihe foreseeable future. No material un¢ertainlies that may cast significant doubt aFKJut the ability of the Museum to continue as a going concern have ac¢ordingly been identified by management or the Trustees. The fLnancial swements have been prepared on the going concern basis. 20

rJouJSKJn Envekpe ID". BCA144074)EE247￿-ABEf￿C87CF75FlF1F Brooldands Museum Trust Ltd Group finncialststemthts The financtal statements consolidate th¢ results of the charity its wholly owned subsidiary Brooklarth Ltd ort a line. by-line basis. A separate Statement of Financial A¢iiviti¢s and ir￿e and expenditure account for the charity has not been presented because the Tr￿￿1 has taken advantage of the exempiiot) afforded by s¢ciion 408 of the Companie5 Act 2006. ThE profi¢ for th¢ charity at year end December 2021 Wds £440.913. Fund #eeounting Accumulated SUTpIu5es in the Gencral Fund are included within Unrestricted Funds and are available for use at the discretion of the Tnjstees in furtherance of the Trust's general charitable objectives. Restricted Funds are subject to spe¢ifi¢ Conditions imposed by the donors. Income All income is iecognised in the Statement of Finan¢ial Activiiies when the condition5 for receipt have been meL there 1$ reasonable assurdnce of receipt and the amount Can be measwed wth suffi¢ient reliability. For legacies, ettliikmeni is thken as ¢he earlier OF. the date on which the charity is awdre that probate has been granted. the estate has been flnalised and rrf)tification has been rnJe by the execul(rfs)tothe Tntst that distribution will be rnade. or when a distribution is received from thce5tatc. Receipt of a legacy. in wknie or in pari is only considered probable when the amount be measured r¢liably and the charity h&$ been tlotified of the executor's intention to make a distributkon. Where Icgacies have beett thO¢ifi¢d to the charity, orthe charity 15 awart of the 8fdntin8 of probate. and the criteria for inwme re¢ognitiort hav¢ not b¢en ih¢D the legacy Is a treated a contingent a55Ct and di5c105cd if material. Dortatiort$ Donations and all other receip15 from fund-rdi5in8 are reFQrted gross and related fiJThJ-nisJrtg ¢osts are re￿rted in other expenditure. Donations art included in full in the income and eXPEnditurt a¢¢oun¢ Ort a re¢eipts basis. Incom¢ lax recoverable in relation to donation5 received undergift aid 15 recogniscd atthe timeof thedottion. No aTWUllts are in¢lude4 in the financial statements for services donated by volunteers. Governrnent Grants Government grants are incoming ffsour￿5 which a￿ rec¢iva from governmenL government agencies and 511llLlar bodies whether local or Dationa]. Such grartts ar¢ accounted for when they ar¢ receivable. Amounts specifled for future periods are carried forward as defenrd in¢om¢ Intome from Charitsble A¢tivities #nd TTdi I￿Ome from tickd sales is recognised at the ￿lAt of the visit and is showm netof Value Add￿ Tax. Income re¢eived in respec¢ of fvture p¢riod5 LS carried forward &5 defrrred income. Incorne from the sale of8oods 15 rtCO8nised at the point of 5alc and i5 showi net of Value Added Tax. Incom¢ from talerin8 is recognised at the p)int of provision of the ¢attrin8 arbj is shown net of Value Added Tax. I1￿¢ received itt respect of future periods is carried forward deferred incornc. Exp¢nditwr¢ Expenditure is reeognised on an artruals b&sis as # liability is incurred. Expertliiwe includes any VAT %sthich cannot be fully recovered and is reported &s part of the expenditure to which it relate5. Costs of generating fU￿JS comprise ihe asso¢iated with attractin8 voluntary irKome and the c05t5 of trwJin8 for fvnd-raising pwposes. Charitable expenditure compri￿5 those costs Incurr￿ by the Museum in the delivery of their activities and Services for ben¢fi¢iaries. It includes both ¢osts that Can be allocaied dkrectly ￿ those activitie5 and those costs of an indirect nature necessary io support thwn. Costs in relation to compliartt with constitulional and stabJtory requirements are shown under 80vernanc¢ costs. GovernarKe costs include those costs asso¢iai¢d with meeting ihe consti￿tional and statutory requirement5 of the Museum and in¢lude the audir fees aTrJ wsts 21

DocuSHJn ￿Ve10￿ ID: BcA144D74EEZ478A-ABEL￿87cF7￿lFAF Brooldands Museum Trust Ltd Supwrt costs are shared a¢ross all xiiviiies undertaken by the Mu5eLtm and in¢lude governartt Costs. administration, Humat) Resources, IT and general n]nning costs. The basis on which these ￿$1$ have been allocaied is sei out in Note 9. Termination benefits arise where an employee 15 made redundant or att¢pts voluntary redundancy and are ¢haTged to the Swem¢nl of Financi￿ A¢iiviii¢s immediatrly. The liability Is re¢ognised as ihe besi estimatr of ihe cost at the reporting dat¢. Hir¢ purehise #gretmtrtts Assets financed under hire Purch￿ contracts are capithlised in ihe balarKe sheet and are depreciated over theÉr estimated useful ¢conomi¢ liv¢s. FIna￿t charges and ini¢r¢4 in with hire pur¢hase are charged to the profit and loss a¢count. Fixed is5et5 Individual fixed assets costittg tnore than £l.000 are capitslised at co#. Buildings and major rnuseum works are depreciated over 20 year5. Plant & equiptnenl is depreciated over 5 yeats. The land elementof the site iscarried at a valuation of£l.650.000 which wascalculated when the site gifted io the museum by Japan Tobatto Internationa]. No depreciation is charged on land. The BAF project was completed in 2017 and the individual elements of the spend are being depreciated over their useful economic lives. The majoriiy of the piojeci is being dewttied 0￿[ 50 years. some ekments beD¥eert 10-25 years. . Heritsgt xss¢ts The museum's Coll￿tion of motor car5. motorcycles and aircraft. excludLn8 the assets held in the Brooklands Moseun) Colle¢i¢on Trust, is reported in the Balanee Sheet at cost. Thi% ts ¢tsnsidered to be an appropriate methLyJ of recognition on the basis lh the value of many of these items does not fluctuate draM￿lcally. Cost includes the purthase PTi¢e plus any asso¢iated costs in bringing the exhibit io its sile in ihe Museum and ￿ its curreni Condition. Depreciaiion is tKpi provided on any Museum exhibits as the residual walue of the exhibits equ￿¢$ io * leasi ¢he book valu¢ siat¢d in the fittan¢ial stskmertis. Mosi donat￿ assets or¢ noi as¢ribed a waiue as the ¢ost of obtsintng such a valu¢ would be prohibilive. Subje¢L to the approvol of lh¢ TnJst¢e& the Museum may dispose of items from the ¢olle¢tioD, although this will only happen it) ex¢¢ptiooal ¢ir¢umstatyces, forexomple when lh¢ iiem ¢annoL be displayed or ihe disposa] pr￿eedS can be used io purchase a better ¢xample. Due pro¢¢ss and ass¢ssment be followed that satisfi¢s th¢ Museum's disp0521 procedures. The Museum's eyhibits in¢lud¢ a wllection of items loaned w them by third ponies. These assets are not included on the Balanc¢ Shed sin¢e ih¢y are noi 0¥￿ed by the Museum. In addition, Ihe Mus¢um I￿ld$ a ¢oll¢¢iion of Mo￿rIng and aviatiot) ¢ph¢mern which is rKJi Te¢o8nised in the Balance Sheet cost information is rnt readily available and the Tn￿lee5 believe the benefits of obtainin8 a valuation for these items would not justify the cost. The Museum'5 martha8ement ￿lIcY in respect of its berita8e ¥sets 15 summari5ed in Note 12. The Museum makes available on its w¢bsit¢ a full listing of its ¢ollection of tTh)ior cars •)d plat)¢s whi¢h also in¢lud¢s Lnforn)ation on the hisiory and provenan¢e of exh ¢xhJbit. This Iisiing ¢learly disiingukshes between assets whtch are owt)¢d by th¢ Museum and those that are on shon or long temi loan io th¢ entity. Investments IThv¢stments are stsi¢d at ￿st less proviston for any impairni¢ni in value. Stoeks Siock& being finished go(xts and goods for resale. are valued at the lower of ¢ost and n¢1 re￿Is¥ble value. Debtors Trwje and other debtor5 art recognised ￿ the 5ettlcment all￿nt due after any trade discount offered. Prepaymet)rs are vaiued al the amounl p￿PaId after taking account of any trade discowts due. 22

Docu&gr En￿￿oPe ID.. BCA14407-DEE247&4-AeÉckC87CF75F1FAF Brooldands Museum Trust Ltd Creditors $nd provisions Creditors and provisions are rexognised where the charity has a presentobligation resulting frorn a past eveni that will probably result in the transfer of fur￿$ to a third party and the amount due to settlt thE obli8ation can be measured or estimated reliably. Creditor5 and provisions are normally recognised at their settlement arnount after allowin8 for any trdde di5c4)unts due. Finnelal Instrumenis The group only h&5 financial assets and liabilities of a kind that qualify as basi¢ financial instruments. Basic financial instruments are irtiiia]ly MeaSu￿d ￿ fransacrion value and subsequenily measured at their settlement value. Deferred t8Xation Deferrtd is re¢ognised in respect of all timin# differences that have originated but tKJt reversed at the ba1￿Ce sheet date where transactions or events have oecuned w ih date ihat will result in an obligaiiort to pay rthye, or a right to pay less or to receive more tax. S. IDcom¢ from Don•¢ioDs 2021 2020 DonJt¢oTrs Corpornte donation$ Lcgacy Donation Fundrnising Donations National Lotr¢ry Heri¢age Fund- Emewgew Fund Cov¢rnm¢At ¢rAnts: DCMSIAn5 Council- CulDJr¢ Recovery Fwd Coronavirus Job Renti¢)n Stheme CBILS Interest SME Restart 510,865 552 87.488 347,505 421.655 4.(K)O 344.IYd2 250.th)0 981400 57.560 18,977 3.LYJO 675.000 220,874 18.490 2.00 Of the £2,lJ)8.347 rcccivcd in 2021 (2020.. £1,963.101) £167.854 was held in restricted fund5 (2020.. £265.412). 6. Income from Ch#ritsble Aetivities u￿rtSt￿ltt*O fuDds 21121 Unrestrieted fund5 202 Gate rev¢nu¢ Site hire Special Events CorKorde Other incoming rc50urrcs 1.011.679 45.989 430,057 47.580 63.614 25,712 28.753 2.374 7. Intome from Trading Activities The wholly owned trading $ub5idiary Brwklands Ltd is incorporatcd in the United Kingdom (company number 2321226). Its registered office is tht same as Brooklands Museum Trust Limited. It pay5 all of its profjts to the charity under thc gift aid Scheme. Bnxjklands Ltd operates the Museum Shop. Brooklands Concorde Simulator and all catering actiwties onsite. A summary of the tradin8 results is slK>wn below. The registered office of Brooklands LimitfAI is • Brooklands Museum, Bmklands Road Weybridge, Surrey KT13 ONQ. 23

En￿ope ID". KA144D7-OEE247P￿Er￿￿7cF7SFlFAF Brooklands Museum Trust Ltd Brooklg•ds Limittd Dtt21 l)et 20 Turthov¢r Cost of saks 9872OZ 409.990) 577212 236.107 175.668 60.439 Gross profkl Adminimraiive expenses 1543.836) (162.6901 Op¢rating profit 33,376 1102,251) IrtieTest receivabk and similar ulcome Illt￿$t pÈyable and similar ch Gift aid to parent company 146 Profrt IIAtsS} ON ordiory etivi¢ies btfort lXaliO• 102 105 Tax (charge) on profit on ordirwy ￿L¥l(l¢S Tax relief in rw¢¢rof Glft Ai 102 ID5 PrTr)r Y￿ ￿JUstsnet1l Opening rttli￿ed t•rDimZS (962801 156,763 P•ym¢ni to ptttt¢ thrity wd¢ ¥Dd¢r the gift xid xhemt (150.9381 Tu relief in 8ift aid paytneTrE made RetaiThtd profit Carried forward 62 91 Ai the yearend ihe aggregate 0ss¢ts of Brfy)klands Limiied were £532.486 (2020.. £116,483). aggregate liabiliii¢s £595,277 12020.. £212,663} and shareholder fvnds (£62.79l). (2020.. {£96.180)). During the firsi half of 2022 business has continued to improve and we are confident that the subsidiary will be Showing a retained surplus by year end. Until 3110512021 the trust contrdcted managernent of its tea r¢￿ and bar ¢￿trIng to Creativevents Limited. All operating eosts were Ix)rne by Creativevents Limited. The revenues were ¢olle¢ied by ihem atld a profii-slwins arran8¢menr was in place. prior to C•vid. The whole of catering business was brought in house ort 01106121. 8. Expenditure for the year Tbr Group Dtt 2020 Tht Charity Det 2020 Det 2021 Det 2021 Ihe expenditure for thE )rar tncludcs.. Auditor ttmuneration audit fees - tsxatK)n and odLer u)]L%uItcy - oth¢r servi￿$ DeP￿clailOn 16.950 1.225 4,828 223,687 15.750 12.750 715 4.828 214.265 11,850 675 4.428 263.423 4.428 271845 24

O¢)cuSlJn Envelope10.. 8CA14407-DEE247&4-ABEt￿87cF7SFlFAF Brooklgnds Museum Trnst Ltd AIIw8tion ofexpenses (e3cl￿rt¢S r¢stri¢ted expenditure) Grolp C05t of generating fund ri5illg tosts Cthsi of th#rithbk ctivitiu. Mu5eun• curntoril awd rtStornix)• tosts Cwi of ¢h•rithble a(livitiC5- Markeiin8 & MuseDm Op¢w4tioJs' Utyrtstritted Tot1 2921 Stsllcosts 63.475 230.825 723.771 Dittti Costs 345265 749215 1.094,48• FiDaDce 32th20 32h2• Marketing 33A98 101.695 I3S593 Insurance 87.697 IT& Comms I6.5LV) 16309 Facilities 20175 75.913 141S2I 239J09 Sppport Cos 48￿76 177. 555.026 780,711 Toial Umrtstrititd 166.924 916.710 21 3,404 92 2020 S¢tfCosts 55372 347214 399,864 802.450 Dir¢u Costs 221.953 481.632 703385 FinHn 13.184 13,184 MarketiThg 22.466 67J98 89064 Insurwnc¢ 98205 98205 IT & Comms 12.495 12A9S 13.394 48.709 151729 214,832 Supprrt 43.412 513,712 723J38 Totil Uorestrieied lJ4ffj44 882.495 I.641￿14 2h58.152 *Including th¢ costsof the trnding subsidiary Bfooklonds (Not¢ 7) 25

Docu&gn En*e ID". B¢Al4407￿47￿4-ABE(￿CaTcF7￿lFAF Brooklands Museum Trust Ltd Supprt ¢osts eomprise tht followillg=_ 2921 Z120 Staff costs 343,189 401,593 FinAnce 71.954 54216 InsuTan¢e 29232 32.735 IT & Cotnms 66.037 70.809 Adminlstratio 40.511 29.474 Facilities 112.866 72.420 I l6.922 62391 780.71 I 723538 sup[￿ wsts are split ¥tiviii¢s in line with #•ff58knri¢5 26

Doc￿￿ En¥elcpo10.. 8CA144D7￿47￿m8ED￿7cFY￿lFAF Brooklands Museum Trust Ltd 10. InforniAtion regarding employtts No Tnjstees rtceived remurKration or re1tnbur￿ent of expenses in the ¢wrttti or preeeding year. Tht Group #nd the ChArity Dec 2021 Dec 2020 Dtc 2021 Dee 2020 4verage No. Iverge No. FTE FTE Average number of petsons employed: Administration & Fundraising Site & Security Collections & Heritage Generating Funds ixarnin8 & Visitor Services 41 24 31 18 63 49 51 39 D2t 2021 Dec 20211 Employee costs durin8 tht year.. Wa8es and salaries Social security costs Contribution to deflned Contribution pension schemes Redu[￿anCY costs 1.198,246 105,271 38,365 ,001,746 88,767 36,358 63,415 1,341,882 I,I90,286 During the year 2 employees were paid emolurneDts in exce55 of £60lJOO 5 follows: 2021 2020 In the range of £70.000 to £80.000 In the range of £60.000 10 £70.000 Key management personnel of the charity durir)g 2021 wnprised of the Director & CEO. Chief Operatin8 Officer. Dire¢tor of Finance & Supp)rt Seryices, Engagement & Heriiage Ditwtor Marketin8 Director whose employee costs total £279.661 (2020 £316,372) During the year, no Trustees received any remU[￿ratIOn or other benefits {2020- £NIL). During the year ended 31 December 2021, no T￿￿tee ex￿nSeS have Ixen incurred (2020- £NtL). 27

DLYJJ&w En%lcpe ID.. BCA144D7.CÉE247&WBEDa7CF75F1FAF Brooklands Museum Trust Ltd Tangible fixed gssets Sit¢ •nd buildittgs Plni nd tquipment Exhibits Tot1 Group Co$t: Ai l January 2021 Additions 2,07829) 3293 10.357278 18,163 1.969,643 28,528 14,405220 49,984 Di5POsals At 31 December 2021 2.081.592 10.375.441 1.998.171 14.455.204 Aecymulated deprtelation: At l January 2021 Charge for the year 675.407 2.091575 154.150 814,037 69,537 3.581019 223,687 Ai 31 December 2021 675.407 2.246.725 883.574 3,805.706 Ne¢ book value: At 31 December 2021 1.406,185 8.128.716 1.114.597 10,649.498 Ai 31 December 2020 1.402.892 .264.703 1.155.606 10.823.201 Mus¢u Exhibits Sit¢ •od byilditygs Plani *rtd ¢quipm¢nt Total Charity Cost: At l January 2021 Addiiiofis Disposats Ai 31 December 2021 2,078,299 3,293 10.357.278 18.163 1.644.527 12.3tKI 14,080,104 33,756 2.081.592 10.375.441 .656.827 14.113.860 Aetumulated deprefiation: Ai l January 2021 Charge for the year 675.407 2.092.575 154.150 508.127 60.115 3.276.109 214.265 Ai 31 December 2021 675.407 2,246,725 568,242 3,490,374 Net book valve: Ai 31 Decemiw 2021 1.406,185 8.12&716 1,088,585 10,623,486 At 31 De¢ember 2020 1.402,892 8.264.703 .136.400 10,803,995 28

DODJSW En¥lcpe ID.. BCA144D7-DEE247&A-ABE￿?CF7￿1FhF Brooklands Museum Trust Ltd Site freehold v4lvatioft The Museum holds iitle of lh¢ Museum site freehold having been the beneficiary of a generous trathsfer from Japan Tobacco Ine in 2010. The property was valued on an existing use basis by reference io its earnings poieniial by Matthews and Gwdman LLP. The property is owned subje¢t ￿ the Covetyant thai in ihe event the site. or any part of it. 15 sold for redevelopment for comme￿147 gair4 all pr￿ced$ reven w th¢ dorKJr. Japan Tobacco International. The valuaiion of £1,650.000, included in the sile and buildin8s costs brought forward. has been ¢al¢ulated on ihe basis that the title is unencumbered and frte frotn any onewDus or Testrictive ¢ovenani as to its us¢. Howrv¢r it h&$ been &ssurned that the site would continue to bt used for heritage pur[￿)St$. The Carrying value of fixed assers which are pled8ed a5 security for liabilitle5 15 £10.623.486 (2020.. £10.803.995). 12. HeritE¢ Ass¢ts Cost Vin¢#ge Cars Airtrnft Motorcytles Icycle5 £32.550 At l Jan2021 Additions £937,695 £409.874 Di5P05a15 Depreci￿1011 At31 tke 2021 £937.695 £409.874 £32,550 Fiwe-ye*r 5￿MM￿ry of heritage asset trawsactions 2021 21J2 21119 £11.492 2018 2017 Additions £9.056 £36,453 Donations Total tdditions £11.492 £9,056 £36.453 Di5posa15 Carrying value Sales pro¢eed$ £91.891 £74.9 Other than diselosed above. the rnajority of transactions in ephernern during the period ￿re a¢quisitions by donation. In th¢ T￿sit¢s. view, the valu¢ of these donations is Mt material and obtaining a current valuatitsn would involve disproponionate c05t. Heriiagt gs5¢ts mansg¢m¢nt poli¢y The Museum displays a collection of over 100 vehicles. over 30 nKI￿r¢￿7¢$, n¢arly 40 air¢rafi and over 100 bicyeles which refle¢1 the himory of Brooklands. All of these iiems are on display lo the public. The Myseum alxj holds a large collection of rnotoring and aviatK)n ephemeia associated with the history of the site. This colleetion cornpri5es somt 50,000 items including maThuals. trophies. badges. models. furnitsre m￿rkshOp equipment, prin1& painiings and drnwings plus a librnry and ¢xt¢nsive and t¢chntcal ar¢hive. 29

DO¢￿sIgn En¥¢ ID.. BCA144D7-DEE2478A-A8EW7cFI￿lF￿s Brooklands Museum Trust Ltd 13. Investments Cornpany 100 ordinary shares in SU￿diary compny w ¢oy l JInu￿ 2021 aThJ 31 Deeembei 2021 100 Debenturt NJ 5ub5idiarycompany at l January 2021 31 De¢¢mtr 2021 50.0(KI 50.1(K) The Investment amount of £SO.000 (fkcember 2020- £50.(￿} is in respect of a debenture loan mad¢ to Brooklands Limited. th¢ trading subsidiary of BTooklands Museum Trust Limited. This debcnturc loaTh fora period of 5 years with the balance rcpayable in fvll at the end of the terni- however in praeiice it is r¢n¢w¢d on a rolling basis upon the dale of expiry and is therefore due in Trv)re than l year. It is therefore considered to be a fixed ￿et investment. It IS secured on the assets of the subsidÉary company and intereg 15 charged at l% a￿ve base rate annually. Subsidiary Country of Incorporati A¢tivity Ptreentagt of Ordinary shar¢s held Brooklands Limited Englattd and Wal¢s Catering. conferences. shop and mer¢handi5e relatin8 to the BrnoklaThJs Mu%um The results of this subsidiary are slK*wn itt Note 7 10 the ac¢ounts. 14. Capital commitments Thcre we no contrdcted capital commitments for the 8w and the ¢ompany * 31 De¢¢mber 2021 (31 D¢¢¢mber 2020 - Nill. 15. Debtors Tht Croup Det-20 Tht Chirity Dec-20 Dec-21 De¢-21 Trad¢ de￿0 47295 9.841 38,694 368,387 19,666 216.164 1,397 69,632 50,349 364,031 AmouThi othrd by subsidiary wi¢kn8kin8 Tax•lioTr and SOC￿ se¢tsrity Prepaym￿ty 20.522 237.015 51.536 364.156 304.832 425.533 642.911 485.409 30

Dowswjn En%%tope ID.. 8cA144D7-CÉE247&4ABED<87CF7￿IF Brooklands Museum Trust Ltd 16. CreditOTS- mounts fllin8 due withi# othe ye•r The Cronp Dtt-20 The Charity Dee-2 Dee-21 Det-21 Bank loan and overdrafts 250.(#XI l25.( 250,000 182.542 32.291 125.C(l) Trade creditors 322,353 32,291 117.377 19.319 79.725 19,319 VAT. taxation and SLKial security Amounts due to subsidiary o)mpany Ac¢Tuals and deferred income 107.073 140.128 18.977 36.470 69.994 84.749 18.977 36.470 Government assistance . CBILS loan interest her eredttors 18.401 18.401 730.118 457271 553.228 364,240 Movonbtllt¥ in D¢ferr¢d In¢om¢ The Group Dec-21 Dec-20 Deferred income at l J￿uary 2021 Grdnts rele&sed to income during year Ticket sales rele&sed durin8 year Premium sales releasedlrefunded during year Grants deferred to following year Ti¢k¢¢ sales deferred to following year Premium Sales deferred ¢0 following year D¢ferred Ir￿Qme at 31 December 2021 71,643 (30.0￿) 50.575 (6.877) (3,587) 30.1XM) (22.343) 1.532 71.643 19,300 J7. Cr¢diton: •No¥Ats hllixg dwt fttt more th•0 ont yur The Group Dec-211 Thecharity De£-2(J Dec-21 Dec-21 Bank loan- CBILS Other Loan 895.833 .106.023 13.540 585.(MKI 895.833 1.106.023 13.540 585.000 Brookiands Bond 560.1X)O S60,(￿0 1.455,833 1.704.563 .455,833 .704.563 The Br￿k18ndS Bond of £560.(W relates to bonds issued in Marth 2013. Interest is payable annually at 3.5•A to 4.5% depending on th¢ l¢v¢l of IKnds issued. The bonds ¥￿ r¢d¢¢mabl¢ 5 yws from the dw¢ of issue however all Bonds were 31

DocuSn EnW IO". BcA14407W47&¥ABEt￿87CF7Sv1FHF Brooklands Museum Trust Ltd rencwed and rolled over for a fitrther 5 yeats in 2018. There is an additional ¢harge over the fr¢¢lyJld property which arose on ￿(￿ring fundiThg from NLHF. The CBILS loart of £1,145,833 {including £250,000 payable in one year) {2020. £1231, 023 including £125.000 payable in on¢ yearl is secured on all a55cts of the compaThy. Mowernents in restricted Clubbothse Aeee8$ Project Other Fnds Revaluti4) Rtservt Dec-21 Totil Balance at l Jan 2021 109.918 lh50￿00 1,759,918 Granvdonations r¢¢¢ivabl¢ 157.854 1673S4 Expendiiur¢ (25.053) (238,412) {263.465) Transfers to unfeMri¢d funds BalarKe at 31 Dec 2021 (IS,053) 29J60 1.6511.1)00 1.664J08 The revaluation reserve of £1,650,000 relating to the tit]¢ of the Museum's sit¢ freehold has been dis¢losed #s a restricted furtd as ihe property is owned 5ubj¢ct to the Cov¢nant that in the event the silt. or any part of IL is to be 501d for redevelopment for commercial all prnceeds revert to the donor di￿]05¢4 in Th) I l io the a¢¢ounts The P￿ry￿Se$ of the restricted furwh arE OUtlitKd below. In 2021 a £IO,OCKJ grant was received from the Henry Surtees Foundatitsn low￿d$ the clubhouse access project. Included in Oth¢r Funds is a small grant awarded by Surrcy County council to fund research tnto land owKr5hip of the Brooklands ¢ircuiL administered by the Brnoklands Htritage P4rtner5hipi The Vanguard Fund comprisin8 of donations rnade by Chapman Freeborn Air Chartering and its Staff to assisi with tht restoration of the aircraft., Heritsge Ski115 Academy. funds donaied by The Galashan Trust towards the refltting of thE Flight ShEd workshop, to be used for iheir appr¢niic¢ship s¢h¢me. 32

Docusiw Én￿Cpe ID.. ￿At44D7-DEE247aI-ABFIK87CF1￿1F￿F Brooldands Museum Trust Ltd J9. An8lysh of P4et Asstts btr¢e• fuds Group Long Ter Ligbilitits (including provisions) Fixed Current A55ets Totsl 2021 Unre5tri¢ted funds R¢stri¢t¢d funds 8.999.498 2J08,968 {1.455,833) .650.0(KJ 14.308 9.852.633 ,664,308 10.649.498 2.323.276 (1,455,833) 11,516,941 Charity Net IAkng Terni Li#bilitit5 (intluding pr•visioDS) Fixed Cyrrtnt Assets Total 21121 UnTestricted fijnds Restricted funds 9.023.586 2.347,805 I.650.￿)0 14,308 (1.455,8331 9.915.558 1,664,308 10,673,586 2.362.l 13 (1.455,8331 11.579.866 20. ReiAted prty trans¢tions The results of ihe trading subsidiary Brc)klands Limitrd is in N(Me 8. the amunts due to and from Brooklands Limiied at ihe y¢arDd is dis¢los¢d in NNe$ 15 and 16 respectively. M8na8ement clwges to Brookla￿JS Limited durin8 the year We￿ £136.(M)0 {2020. £102,000). Ai 31 De¢emb¢r 2021 Brooklands Limited owed £368.387 to the parent charity (2020. £69.632). 33

DoDJSiqn En%bp¢ ID." BcAI4407-DEE247&4-ABErNC87cF7￿lFAF Brooklands Museum Trust Ltd 11. Reconciliation ol D¢t to nel Ilow frorn OPErntimg a¢ttvities The Group Dec-211 The Charity Dec-20 Der-21 De￿2] Net in¢omellexpet)diiure) for ihe reportirtg pttiod (as per the thiement of financial Xiivities: Adjustments for: Depreciation charge Loss on Disposal Interest in¢ome shown in invesiing a￿1Vill¢S Interest on CBILS De¢reas¢ (increase) in stock Decre&se {InCre￿e) in debtOT5 In¢r¢ose Id¢¢reas¢l in ¢r¢ditc 474.301 (38.429} 440.913 214,614 223.687 272.845 16.901 (555) (18.977) 21,232 (90.205) {30I.540) 214.265 263,423 16,901 (409} (18.977) (215) 18.977 (17,451) 120.701 164,807 (201) 18.977 (157,5021 80.948 {313.961} (93.652) Net e#$h ￿Sed i optr•ting etivitits 984.807 138.728 597.400 67.939 22. Analysis of ush cA5h equivAlents The Croup Dec-20 The Chrlty Dec-20 Dec-21 Dec-21 Cash in hand Notice Dep)sits (less than 3 month5) Ov¢rdraft fxility payable on demand 2.669,678 1,894.307 2.271430 1,868,252 To¢al fash and equivalents 2 669.678 1.894.307 2.272.430 1.868.252 13. Analysis ¥Jf thxoges ID Iltt debt- Gmup Other non- Cash ch8Ng¢s At start or year At eDd of year 2,669.678 Ca5hllows 775J71 Reclssifittio Cash Cash equivaiertts 1,894,307 775J71 Loans falling due within one year Loans falling due after more than onE year {155.51XI) 134.667 (242.707) (263.540} (1.704.563) 242.707 (18.977) (1,455.833) 34.244 935.038 18.977 950,305 34