RACING TO SCHOOL

Registered charity 1040590 · accounts filings on the Charity Commission register · also known as BRITISH HORSERACING EDUCATION AND STANDARDS TRUST, THE RACING AND THOROUGHBRED BREEDING TRAINING BOARD

Racing to School (formerly BHEST) is responsible for the management and delivery of education programmes to support and enhance young people's learning and development. Delivery takes place at racecourses, studs and training yards with educational activities linked to racing and thoroughbred breeding.

Causes: Education/training · website · Get email alerts

Latest income

£882k

Latest spending

£769k

Registered

1994

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity made an overall operating surplus of £113,091 for the year ended 31 December 2024, with total income of £881,912 against expenditure of £768,821. The charity holds total funds of £1,494,669, comprising £86,108 in unrestricted general funds and £1,408,561 in restricted funds. The trustees maintain a reserves policy to ensure sufficient funds cover core annual activity costs to assure the long-term future of the charity.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — above the 90th percentile for charities its size (median £60k)

“The number of employees who received emoluments between £90,001 and £100,000 was 1” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“The number of employees who received emoluments between £90,001 and £100,000 was 1” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Largest income source: HBLB (34% of income)

“Donations and legacies: - HBLB 297,828”

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: sufficient reserves to cover the charity’s core annual activity costs in any period of unpredictable fluctuations in income sources (held: £86k)

“The Trustees’ policy with regard to reserves is to ensure that there are sufficient reserves to cover the charity’s core annual activity costs in any period of unpredictable fluctuations in income sources so that the long-term future of the charity is assured.” — page 15

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Payments to Trustees and their families

“During the year the charity received £160 for 1 event from 2 Trustees and their families (2023: nil trustee £0).” — page 31

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by James Cowper Kreston Audit. Discloses 6 of 6 completeness components.

Public fundraising profile: JustGiving — Racing to School (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income

£882k

Total spending

£769k

Cost of raising funds

£65k

Reserves (reported)

£86k

Employees

7

Reported reserves equal ~1.3 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (49% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 7.4% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Michael David Andrewschair
Andrea O'Keeffe
Anna Lisa Balding
Jacqueline Dawn Greet
John Anthony WIlliam Baker
Kate Corbin
Kevin Daniel Parsons
Lorna Shohani
Paul Neil Delisle Brewster
Stuart James Williamson

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£882k	£769k
31/12/2023	£875k	£722k
31/12/2022	£863k	£754k
31/12/2021	£623k	£539k
31/12/2020	£523k	£442k

Common questions

Is RACING TO SCHOOL financially healthy?

Per its FY2024 accounts: The accounts state that the charity made an overall operating surplus of £113,091 for the year ended 31 December 2024, with total income of £881,912 against expenditure of £768,821. The charity holds total funds of £1,494,669, comprising £86,108 in unrestricted general funds and £1,408,561 in restricted funds. The trustees maintain a reserves policy to ensure sufficient funds cover core annual activity costs to assure the long-term future of the charity. Its FY2024 accounts were audited by James Cowper Kreston Audit.

What does the highest-paid employee of RACING TO SCHOOL earn?

Per its FY2024 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.

Who funds RACING TO SCHOOL?

Funders whose own accounts filings name RACING TO SCHOOL as a grant recipient include THE RACING FOUNDATION, SIR PETER O'SULLEVAN CHARITABLE TRUST, THE WESTMINSTER FOUNDATION, REUBEN FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

Funder	Year	Amount	Purpose (as stated by the funder)
THE RACING FOUNDATION	FY2022	£974k	Community Engagement
SIR PETER O'SULLEVAN CHARITABLE TRUST	FY2023	£33k	Grants for specific projects and other good causes committed and paid during the year
THE RACING FOUNDATION	FY2023	£30k	Community Engagement
THE RACING FOUNDATION	FY2025	£25k	ESG
THE RACING FOUNDATION	FY2024	£19k	Community Engagement
THE WESTMINSTER FOUNDATION	FY2025	£16k	For the Aintree Beacon Project - Pony Education Days.
SIR PETER O'SULLEVAN CHARITABLE TRUST	FY2022	£14k	Specific project
SIR PETER O'SULLEVAN CHARITABLE TRUST	FY2022	£13k	Specific project
REUBEN FOUNDATION	FY2022	£5k