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.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure before investment gains of £724k, resulting in a net income after gains of £42k. Free reserves are held at £10.8m, which the trustees consider sufficient to ensure the charity can survive any short-term unforeseen fall in income.
What the accounts disclose
“The charities raised £3.0m (2023 - £3.7m) from fundraising activity, including income from grants.” — page 24
“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).” — page 25
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 31/12/2024)
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 |
|---|---|---|
| 31/12/2024 | £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 |
| 31/12/2020 | £5.4m | £3.7m |
Common questions
Is RACING WELFARE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure before investment gains of £724k, resulting in a net income after gains of £42k. Free reserves are held at £10.8m, which the trustees consider sufficient to ensure the charity can survive any short-term unforeseen fall in income. Its FY2024 accounts were audited by Price Bailey LLP.
Who funds RACING WELFARE?
Funders whose own accounts filings name RACING WELFARE as a grant recipient include THE THOMPSON FAMILY CHARITABLE TRUST, THE RACING FOUNDATION, E B M CHARITABLE TRUST, SIR PETER O'SULLEVAN CHARITABLE TRUST, THE MACDONALD-BUCHANAN 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 |
|---|---|---|
| PETPLAN CHARITABLE TRUST | 3 | £26k |
| MRS D M FRANCE-HAYHURST FOUNDATION | 2 | £244k |
| RETRAINING OF RACE HORSES | 2 | £203k |
| THE PETS AT HOME FOUNDATION | 2 | £102k |
| The Trevor Hemmings Foundation | 2 | £54k |
| THE BLYTH CHARITABLE TRUST | 2 | £10k |
| THE ALBORADA TRUST | 1 | £125k |
| THE ROSE ANIMAL WELFARE TRUST CIO | 1 | £55k |
Charities like this
- RETRAINING OF RACE HORSES
- Racing Homes
- GREATWOOD CHARITY LIMITED
- NEW BEGINNINGS HORSES
- RACING INDUSTRY ACCIDENT BENEFIT SCHEME
- 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 | £4.3m | — | — | unclear | — | no doubt |
| RETRAINING OF RACE HORSES | £1.3m | £120,001 - £130,000 | 1 | unclear | — | no doubt |
| Racing Homes | £1.7m | £60,001 - £70,000 | 1 | above | — | noted |
| GREATWOOD CHARITY LIMITED | £851k | — | 0 | unclear | — | no doubt |
| NEW BEGINNINGS HORSES | £414k | — | 0 | unclear | — | no doubt |
| RACING INDUSTRY ACCIDENT BENEFIT SCHEME | £2.0m | — | 0 | unclear | — | no doubt |