GRAND PRIX TRUST
For over 3 decades the Grand Prix Trust has provided support for Formula 1's unsung heroes helping team personnel to put their lives back on track when things go wrong. Our mission now is to broaden this support to the wider motorsport family and consider all the current and former employees, along with their immediate families, of the businesses that supply and work alongside the F1 industry.
Financial health, per its FY2024 accounts
The charity holds unrestricted reserves of £3,239,965, which the trustees aim to maintain around £3 million to meet anticipated future demand for support. The accounts state that the charity is a going concern with no material uncertainties identified by the trustees or the independent auditor.
What the accounts disclose
“It is due to this anticipated future demand that the trustees continue to raise funds for the charity, with a view to maintain the capital base to somewhere in the region of £3 million.”
Trustees
- Andrew Stevenson
- Bernadette Collins
- CHRISTOPHER JAN ANDREW BLISS
- JAMES ALLEN
- Jonathan Wheatley
- Karin Fink
- MARK DAVID SMITH
- MARTIN BRUNDLE
- MICHAEL JAKEMAN
- PATRICK MICHAEL CHARLES HEAD
- PETER JOHN HAMLYN
- ROSS BRAWN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £199k | £371k |
| 31/12/2023 | £349k | £233k |
| 31/12/2022 | £361k | £212k |
| 31/12/2021 | £89k | £148k |
| 31/12/2020 | £164k | £143k |
Common questions
Is GRAND PRIX TRUST financially healthy?
Per its FY2024 accounts: The charity holds unrestricted reserves of £3,239,965, which the trustees aim to maintain around £3 million to meet anticipated future demand for support. The accounts state that the charity is a going concern with no material uncertainties identified by the trustees or the independent auditor. Its FY2024 accounts were audited by Martlet Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PRINTING CHARITY | 1 | £80k |
| THE EVAN CORNISH FOUNDATION | 1 | £10k |
| THE OAKDALE TRUST | 1 | £1k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BRIDE FLEET STREET | 1 | £300 |
Charities like this
- BRITISH MOTOR SPORTS TRAINING TRUST
- THE FARTHING TRUST
- THE LEONARDO TRUST
- THE GALANTHUS TRUST
- THE ROBERT GRACE TRUST
- THE GRANT FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GRAND PRIX TRUST | £199k | — | 0 | unclear | — | no doubt |
| BRITISH MOTOR SPORTS TRAINING TRUST | £122k | — | 0 | unclear | — | no doubt |
| THE FARTHING TRUST | £501k | — | — | unclear | — | no doubt |
| THE LEONARDO TRUST | £10.8m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| THE GALANTHUS TRUST | £370k | — | 0 | unclear | — | no doubt |
| THE ROBERT GRACE TRUST | £245k | — | 0 | unclear | — | no doubt |