RETRAINING OF RACE HORSES
to promote the welfare and rehabilitation of racehorses and former racehorses which are unwanted or vunerable to abandonment, abuse, misuse or neglect, or otherwise in need of care and attention, in particular by means of retraining and rehousing
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £366,572 for the year, primarily driven by charitable expenditure exceeding incoming resources. However, the unrestricted general fund reserves increased to £4,290,351, supported by significant realized gains on investments. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The number of employees who received emolument between £120,001 and £130,000 was 1 (2023: £100,001-£110,000 1, £110,001- £120,000 1).” — page 26
“The number of employees who received emolument between £120,001 and £130,000 was 1 (2023: £100,001-£110,000 1, £110,001- £120,000 1).” — page 26
“The Trustees’ policy with regard to reserves is to ensure that there are sufficient General Fund reserves to cover basic annual grant commitments and undertakings, and the charity’s core administrative and promotional costs in the event of adverse conditions such as the suspension of racing in Great Britain, or as a result of fluctuations in income caused by continuing economic uncertainty.” — page 12
Year-over-year changes
- Top pay band moved from £110,001 - £120,000 (FY2023) to £120,001 - £130,000 (FY2024).
- Employees paid over £60,000: 2 (FY2023) → 1 (FY2024).
Corporate structure
- Registered company of the charity Companies House 04089376
Company officers (Companies House)
- COMERFORD, Lyn on trustee list
- JOHNSTON, Mark Steven on trustee list
- GUERIN, Bridget Elisabeth on trustee list
- THORPE, David Allan on trustee list
- MURRELL, Victoria Jade on trustee list
- HALLEY, Kyrsten on trustee list
- CAVENDISH, Lucinda Mary on trustee list
- BRYCE, Helen
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Bridget Elisabeth Guerin
- David Allan Thorpe
- Jeremy Rupert Arnold
- Kyrsten Halley
- Lucinda Cavendish
- Lyn Comerford
- Mark Johnston
- Victoria Jade Murrell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.7m |
| 31/12/2023 | £1.3m | £1.7m |
| 31/12/2022 | £1.0m | £1.4m |
| 31/12/2021 | £1.0m | £1.1m |
| 31/12/2020 | £760k | £1.1m |
Common questions
Is RETRAINING OF RACE HORSES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net loss of £366,572 for the year, primarily driven by charitable expenditure exceeding incoming resources. However, the unrestricted general fund reserves increased to £4,290,351, supported by significant realized gains on investments. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by James Cowper Kreston Audit.
What does the highest-paid employee of RETRAINING OF RACE HORSES earn?
Per its FY2024 accounts, the highest-paid employee was in the £120,001 - £130,000 band, and 1 employees earned over £60,000.
Who funds RETRAINING OF RACE HORSES?
Funders whose own accounts filings name RETRAINING OF RACE HORSES as a grant recipient include The Trevor Hemmings Foundation, THE BLYTH CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The Trevor Hemmings Foundation | FY2024 | £25k | Other grants |
| THE BLYTH CHARITABLE TRUST | FY2025 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SIR PETER O'SULLEVAN CHARITABLE TRUST | 4 | £189k |
| THE RACING FOUNDATION | 3 | £421k |
| PETPLAN CHARITABLE TRUST | 3 | £18k |
| MRS D M FRANCE-HAYHURST FOUNDATION | 2 | £127k |
| THE PETS AT HOME FOUNDATION | 2 | £62k |
| THE WESTMINSTER FOUNDATION | 2 | £40k |
| PAYNE GALLWEY 1989 CHARITABLE TRUST | 2 | £15k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £2.1m |
Charities like this
- GREATWOOD CHARITY LIMITED
- NEW BEGINNINGS HORSES
- THE FFOREST UCHAF HORSE AND PONY REHABILITATION CENTRE CHARITABLE TRUST
- HOPTON REHAB & HOMING CENTRE
- HORSE RESCUE FUND
- RACING WELFARE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RETRAINING OF RACE HORSES | £1.3m | £120,001 - £130,000 | 1 | unclear | — | no doubt |
| GREATWOOD CHARITY LIMITED | £851k | — | 0 | unclear | — | no doubt |
| NEW BEGINNINGS HORSES | £414k | — | 0 | unclear | — | no doubt |
| THE FFOREST UCHAF HORSE AND PONY REHABILITATION CENTRE CHARITABLE TRUST | £130k | — | 0 | unclear | — | no doubt |
| HOPTON REHAB & HOMING CENTRE | £327k | Under £60,000 | 0 | unclear | — | no doubt |
| HORSE RESCUE FUND | £102k | — | 0 | unclear | — | no doubt |