THE ROUS CHARITY
The Rous Charity provides almshouses for the benefit of pensioners who formerly worked in the horseracing industry.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £632,305, with free reserves at £219,642, which the trustee considers sufficient to sustain ongoing activities. The charity reported a net income of £11,895 for the year, driven by investment gains, while charitable expenditure exceeded charitable income. The trustee confirms the charity is well-placed to manage its business risks and has no material uncertainties regarding going concern.
What the accounts disclose
“Charitable activities 79,047”
“The Charity aims to maintain general reserves equivalent to at least 6 months forward expenditure, estimated at £40,000.”
“During the year Racing Homes collected rents amounting to £79,045 (2023: £70,111) on behalf of the charity and paid shared costs attributable to the charity of £47,262 (2023: £51,421), including staff costs of £23,354 (2023: £23,089). During the year the charity received £1,530 in respect of an insurance claim settled through the group insurance policy (2023: £16,563). During the year £4,000 (2023: £4,000) in respect of management and administration overheads were allocated to the Charity by Racing Homes. Racing Welfare manages cash across the group. During the year £150,000 was transferred from the Rous Charity to Racing Welfare. During the year Racing Welfare incurred costs in relation to Rous Charity of £1,884.”
Trustees
- RACING HOMES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £87k | £91k |
| 31/12/2023 | £86k | £84k |
| 31/12/2022 | £68k | £85k |
| 31/12/2021 | £68k | £63k |
| 31/12/2020 | £67k | £52k |
Common questions
Is THE ROUS CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased to £632,305, with free reserves at £219,642, which the trustee considers sufficient to sustain ongoing activities. The charity reported a net income of £11,895 for the year, driven by investment gains, while charitable expenditure exceeded charitable income. The trustee confirms the charity is well-placed to manage its business risks and has no material uncertainties regarding going concern. Its FY2024 accounts were audited by Price Bailey LLP.