GODOLPHIN INTERNATIONAL THOROUGHBRED LEADERSHIP PROGRAMME LIMITED
To advance standards and knowledge in the management of thoroughbred horses by the establishment of a programme to train and develop trainees who wish to pursue a senior management and leadership level career in the thoroughbred horse industry.
Financial health, per its FY2025 accounts
The accounts state that the charity held nil unrestricted reserves at year-end, relying entirely on financial support from related parties to meet liabilities. The Trustees and auditors confirm the going concern basis is appropriate, citing a letter of support from Godolphin Management Co. Ltd extending until at least July 2028. The charity had no employees during the year, with management and administration provided via gifted services from related entities.
What the accounts disclose
“Donations and gifts in kind: Non-charitable organisations 992,889”
“The Directors have received a letter of support from Godolphin Management Co. Ltd, which is not legally binding, committing financial and other support to the charitable company such that the charitable company can continue to operate as a going concern and meet its liabilities and obligations as they fall due, for a period until at least 31 July 2028.” — page 16
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Leadership, per the charity’s website
- Clodagh Kavanagh — Executive Director
Funders the charity credits
- Godolphin
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Ayesha Al Fuqaei
- Dr Niamh Lewis
- Gary King
- Hugh Alastair Anderson
- Lisa-Jane Graffard
- Tessa Mary Hetherington
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.3m | £1.3m |
| 31/12/2024 | £1.3m | £1.3m |
| 31/12/2023 | £1.0m | £1.0m |
| 31/12/2022 | £1.1m | £1.1m |
| 31/12/2021 | £947k | £947k |
Common questions
Is GODOLPHIN INTERNATIONAL THOROUGHBRED LEADERSHIP PROGRAMME LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity held nil unrestricted reserves at year-end, relying entirely on financial support from related parties to meet liabilities. The Trustees and auditors confirm the going concern basis is appropriate, citing a letter of support from Godolphin Management Co. Ltd extending until at least July 2028. The charity had no employees during the year, with management and administration provided via gifted services from related entities. Its FY2025 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RACING FOUNDATION | 3 | £390k |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | 3 | £104k |
| MRS D M FRANCE-HAYHURST FOUNDATION | 2 | £127k |
| THE PETS AT HOME FOUNDATION | 2 | £62k |
| The Trevor Hemmings Foundation | 2 | £54k |
| PETPLAN CHARITABLE TRUST | 2 | £21k |
| The Wavertree Education Trust Limited | 1 | £261k |
| THE WESTMINSTER FOUNDATION | 1 | £20k |
Charities like this
- THE THOROUGHBRED BREEDERS ASSOCIATION
- BRITISH DRESSAGE
- National Horseracing College Limited
- RETRAINING OF RACE HORSES
- HORSEWORLD TRUST
- GREATWOOD CHARITY LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GODOLPHIN INTERNATIONAL THOROUGHBRED LEADERSHIP PROGRAMME LIMITED | £1.3m | — | 0 | unclear | — | noted |
| THE THOROUGHBRED BREEDERS ASSOCIATION | £1.9m | £160,001 - £170,000 | — | unclear | — | no doubt |
| BRITISH DRESSAGE | £5.0m | — | — | within | — | no doubt |
| National Horseracing College Limited | £3.9m | £120,001 - £130,000 | 4 | below | — | no doubt |
| RETRAINING OF RACE HORSES | £1.3m | £120,001 - £130,000 | 1 | unclear | — | no doubt |
| HORSEWORLD TRUST | £1.2m | £70,001 - £80,000 | 2 | below | 21.6% | no doubt |