RACING WELFARE
The charity provides support for those working in or retired from the horseracing and thoroughbred industry including: provision of occupational health and mental health services; a 24 hour support line; advice and guidance; community events for working and retired staff; grants to individuals and organisations; housing; career advice and training support.
Objects
THE OBJECTS FOR WHICH THE COMPANY IS ESTABLISHED ARE SPECIFICALLY RESTRICTED TO SUCH OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS ARE EXCLUSIVELY CHARITABLE AND IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING):2.1 TO RELIEVE POVERTY AND SICKNESS AND INJURY AMONG PERSONS EMPLOYED OR FORMERLY EMPLOYED OR OTHERWISE ENGAGED OR FORMERLY ENGAGED IN OR IN CONNECTION WITH THE HORSERACING AND THOROUGHBRED BREEDING INDUSTRY AND THEIR DEPENDANTS ("THE BENEFICIARIES");2.2 THE ADVANCEMENT OF EDUCATION AMONG ANY OF THE BENEFICIARIES WHO ARE IN NEED;2.3 THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE PRIMARILY FOR THE BENEFIT OF BENEFICIARIES HAVING NEED OF SUCH FACILITIES BY REASON OF YOUTH OR INFIRMITY OR DISABLEMENT AS SPECIFIED IN PARAGRAPH (B) OF SUB• SECTION (2) OF SECTION 1 OF THE RECREATIONAL CHARITIES ACT 1958;2.4 THE ADVANCEMENT OF EDUCATION FOR THE PUBLIC BENEFIT BY THE PROMOTION OF RESEARCH INTO, AND OF PUBLIC AWARENESS OF, METHODS OF PREVENTION AND TREATMENT OF SICKNESS AMONG, AND OF INJURIES SUSTAINED BY, JOCKEYS, STABLE STAFF, APPRENTICES AND OTHERS LICENSED BY THE BRITISH HORSERACING AUTHORITY WHILE RIDING OR ATTENDING HORSES AND BY PERSONS ATTENDING HORSERACES OR THOROUGHBRED BREEDING ESTABLISHMENTS AND BY PUBLICATION OF THE USEFUL RESULTS THEREOF.2.5 TO PROMOTE AND PROTECT THE PHYSICAL AND MENTAL HEALTH OF BENEFICIARIES THROUGH THE PROVISION OF SERVICES, INCLUDING BUT NOT EXCLUSIVELY, COUNSELLING, SUPPORT AND PRACTICAL ADVICE.NOTHING IN THESE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income before investment gains of £0.8m, a significant improvement from the previous year's net expenditure. Free unrestricted reserves stand at £12.5m, which the trustees consider sufficient to cover their policy target of six months' forward expenditure. While the charity faces challenges regarding the sustainability of core funding for its workforce wellbeing programme, it maintains adequate resources to continue as a going concern.
What the accounts disclose
“The majority of the increase was within donations and legacies, with donations in particular exceeding our expectations.”
“Racing Welfare adopts a reserves policy to hold general reserves equivalent to at least six months’ forward expenditure, estimated at £1.1m (group: £1.5m). Free reserves of the charity are £12.5m” — page 25
“The Jockey Club provides HR, payroll and IT support and the services of its group property team pro bono, as well as hospitality for fundraising events at a discounted cost. The total value to the Group of the gift-in-kind is £67k (2024: £76k). The value to the Charity is £67k (2024: £65k).” — page 67
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £145k (2023: £203k).” — page 67
“The Jockey Club provides HR, payroll and IT support and the services of its group property team pro bono, as well as hospitality for fundraising events at a discounted cost. The total value to the Group of the gift-in-kind is £67k (2024: £76k). The value to the Charity is £67k (2024: £65k).” — page 67
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £145k (2023: £203k).” — page 67
“The Jockey Club provides HR, payroll and IT support and the services of its group property team pro bono, as well as hospitality for fundraising events at a discounted cost. The total value to the Group of the gift-in-kind is £67k (2024: £76k). The value to the Charity is £67k (2024: £65k).” — page 67
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £145k (2023: £203k).” — page 67
“The Jockey Club provides HR, payroll and IT support and the services of its group property team pro bono, as well as hospitality for fundraising events at a discounted cost. The total value to the Group of the gift-in-kind is £67k (2024: £76k). The value to the Charity is £67k (2024: £65k).” — page 67
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £145k (2023: £203k).” — page 67
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 145
- Employees paid over £60,000: 5 (£60,001–£70,000: 2; £70,001–£80,000: 1; £100,001–£110,000: 1; £120,001–£130,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 192
- Employees paid over £60,000: 5 (£60,001–£70,000: 3; £100,001–£110,000: 1; £120,001–£130,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 172
- Employees paid over £60,000: 4 (£60,001–£70,000: 2; £100,001–£110,000: 1; £120,001–£130,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Corporate structure
- Registered company of the charity Companies House 04116279
Funders the charity credits
- The Jockey Club
- 4Racing
- Arena Racing Company
- Arabian Racing Organisation
- Ascot Racecourse Supports
- Bedmax
- Betfair
- Careers in Racing
- CNG Switch
- European Bloodstock News
- Fielding and Nicholson
- Global Group Racing
- Godolphin
- Goffs UK
- The Good Racing Co
Company officers (Companies House)
- ROBINSON, Abigail Clare on trustee list
- MARTIN, Philip Torbet on trustee list
- FLITCROFT, Alan Roy on trustee list
- BOSS, Charles Henry on trustee list
- BANNISTER, Nicholas William Ayrton on trustee list
- BOZZA, John Paul on trustee list
- SWAIN, Paul on trustee list
- MCLEOD-CLARKE, Nicholas Charles Fraser on trustee list
- BRODERICK, Olivia on trustee list
- HOPE, Simon Richard on trustee list
- CARTER, Celina Imogen, Lady on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (17/04/2026)
- Received assets from another charity (20/12/2021)
Trustees
- Abigail Clare Robinson
- Alan Flitcroft
- Charles Henry Boss
- John Bozza
- Lady Celina Imogen Carter
- Nicholas McLeod-Clarke
- Nicholas William Ayrton Bannister
- Olivia Broderick
- Paul Swain
- Philip Martin
- Simon Hope
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £5.5m | £4.6m |
| 31/12/2024 | £4.3m | £5.0m |
| 31/12/2023 | £5.0m | £5.4m |
| 31/12/2022 | £4.3m | £5.0m |
| 31/12/2021 | £4.7m | £4.4m |
Common questions
Is RACING WELFARE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income before investment gains of £0.8m, a significant improvement from the previous year's net expenditure. Free unrestricted reserves stand at £12.5m, which the trustees consider sufficient to cover their policy target of six months' forward expenditure. While the charity faces challenges regarding the sustainability of core funding for its workforce wellbeing programme, it maintains adequate resources to continue as a going concern. Its FY2025 accounts were audited by Price Bailey LLP.
Who funds RACING WELFARE?
Funders whose own accounts filings name RACING WELFARE as a grant recipient include JOHN PEARCE FOUNDATION, THE THOMPSON FAMILY CHARITABLE TRUST, THE RACING FOUNDATION, E B M CHARITABLE TRUST, SIR PETER O'SULLEVAN CHARITABLE TRUST.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 30/09/2021 | £10k | Check in and Chat |
| The National Lottery Community Fund | 04/05/2016 | £10k | Reducing loneliness and isolation for older racing people |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| RETRAINING OF RACE HORSES | 2 | £87k |
| THE BLYTH CHARITABLE TRUST | 2 | £35k |
| THE PETS AT HOME FOUNDATION | 1 | £90k |
| THE ROSE ANIMAL WELFARE TRUST CIO | 1 | £55k |
| THE ROTHERMERE FOUNDATION | 1 | £26k |
| PETPLAN CHARITABLE TRUST | 1 | £18k |
| WILLIAM GEOFFREY HARVEY'S DISCRETIONARY SETTLEMENT NO 2 | 1 | £17k |
| THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST | 1 | £16k |
Charities like this
- RETRAINING OF RACE HORSES
- RACEHORSE TRAINERS BENEVOLENT FUND
- Racing Homes
- RACING INDUSTRY ACCIDENT BENEFIT SCHEME
- National Horseracing College Limited
- WORLD HORSE WELFARE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RACING WELFARE | £5.5m | — | — | above | — | no doubt |
| RETRAINING OF RACE HORSES | £2.5m | £120,001 - £130,000 | 2 | unclear | — | no doubt |
| RACEHORSE TRAINERS BENEVOLENT FUND | £71k | — | 0 | unclear | — | no doubt |
| Racing Homes | £1.4m | £70,001 - £80,000 | 1 | above | — | no doubt |
| RACING INDUSTRY ACCIDENT BENEFIT SCHEME | £2.0m | — | 0 | unclear | — | no doubt |
| National Horseracing College Limited | £3.9m | £120,001 - £130,000 | 4 | below | — | no doubt |