The Wavertree Education Trust Limited
The charity, based on the site of the National Stud in Newmarket supports educational courses for those interested in pursuing a career in the equine industry. It also enables, through the medium of grant aid, public visits at the stud allowing the public to be educated in horse husbandry.
Objects
3.1.1 THE ADVANCEMENT OF EDUCATION AND TRAINING OF PERSONS ESPECIALLY THE YOUNGTO PREPARE THEM FOR TRADES AND OCCUPATIONS IN THE EQUINE INDUSTRY AND, INPARTICULAR THE BREEDING OF HORSES AND THEREBY ADVANCE THEM IN LIFE; AND/OR3.1.2 THE ADVANCEMENT OF EDUCATION THROUGH PUBLIC ACCESS TO THE EDUCATIONALFACILITIES OFFERED BY THE NATIONAL STUD LIMITED (OR SUCH OTHER ORGANISATIONPROVIDING SIMILAR EDUCATIONAL FACILITIES) INCLUDING BUT NOT LIMITED TO A VISITORSEDUCATION CENTRE WHERE THE PUBLIC CAN LEARN ABOUT HORSE HUSBANDRY AND INPARTICULAR, THE BREEDING OF HORSES AND TO PROMOTE THROUGH EDUCATION,HUMANITY AND MORALITY AMONG THE PUBLIC IN THE CARE AND CONSIDERATION OFHORSES; AND/OR3.1.3 TO PROMOTE AND ENCOURAGE RESEARCH INTO THE BREEDING USE AND MANAGEMENTOF THOROUGHBRED AND NON-THOROUGHBRED HORSES AND FACILITATE THE ACQUISITIONAND DISTRIBUTION OF SUCH KNOWLEDGE; AND/OR3.1.4 SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY CONSISTENT WITHAND COMPLEMENTARY TO THE OBJECTS ABOVE AS THE TRUSTEES SHALL IN THEIRABSOLUTE DISCRETION DETERMINE (THE 'OBJECTS').
Financial health, per its FY2025 accounts
The charity reported total income of £490,042 and total expenditure of £554,249, resulting in a net expenditure for the year. Unrestricted reserves stood at £26,741, which the trustees confirmed was above their stated policy target of maintaining at least 12 months of operational expenditure. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditors.
What the accounts disclose
“Other donations included £257,500 (2024: £190,000) Horserace Betting Levy Board” — page 18
“The Trustees aim to maintain at least 12 months expenditure in unrestricted reserves.”
“During the year, the National Stud Limited undertakes all of the administration of the Charity. The National Stud is considered to be a related party to Wavertree Education Trust, due to the close relationship with The Jockey Club and by virtue of the fact that a Trustee of Wavertree Education Trust is also a steward of The Jockey Club Where specific incremental external costs are incurred by the National Stud Limited in connection with the Charity, these are recharged at cost. In addition, the Charity paid the following amounts to National Stud Limited: Horserace Betting Levy Board grant £257,500 (2024: £190,000): grant to support education and public access £249,350 (2024 £223,000): Thoroughbred Breeders Association grant to support Level 2 course operated by National Stud Limited £53,728 (2024: £27,456): There are no other related party transactions. The balance at the year-end was £nil (2024: £nil)” — page 23
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Grant-making is its main activity
Register events
- Received assets from another charity (18/12/2020)
Trustees
- RICHARD HAMILTON FLEETWOOD FULLERchair
- Fiona Catherine Dowding
- Mark Steven Dean
- Nicholas Wingfield-Digby
- Tessa Hetherington
- WILLIAM HENRY SPORBORG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £490k | £554k |
| 31/12/2024 | £462k | £433k |
| 31/12/2023 | £425k | £467k |
| 31/12/2022 | £491k | £478k |
| 31/12/2021 | £448k | £473k |
Common questions
Is The Wavertree Education Trust Limited financially healthy?
Per its FY2025 accounts: The charity reported total income of £490,042 and total expenditure of £554,249, resulting in a net expenditure for the year. Unrestricted reserves stood at £26,741, which the trustees confirmed was above their stated policy target of maintaining at least 12 months of operational expenditure. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditors. Its FY2025 accounts were audited by Price Bailey LLP.
Who funds The Wavertree Education Trust Limited?
Funders whose own accounts filings name The Wavertree Education Trust Limited as a grant recipient include JOHN PEARCE FOUNDATION, E B M CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| JOHN PEARCE FOUNDATION | FY2022 | £60k | |
| JOHN PEARCE FOUNDATION | FY2025 | £45k | null |
| JOHN PEARCE FOUNDATION | FY2024 | £44k | |
| JOHN PEARCE FOUNDATION | FY2023 | £33k | |
| JOHN PEARCE FOUNDATION | FY2021 | £30k | |
| E B M CHARITABLE TRUST | FY2025 | £25k | Grant paid to institution |
| E B M CHARITABLE TRUST | FY2024 | £25k | |
| E B M CHARITABLE TRUST | FY2023 | £25k | |
| E B M CHARITABLE TRUST | FY2021 | £10k | |
| E B M CHARITABLE TRUST | FY2022 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RACING FOUNDATION | 1 | £185k |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | 1 | £64k |
Charities like this
- WORCESTER CHRISTIAN EDUCATION TRUST
- HERRIES EDUCATIONAL TRUST LIMITED
- NEW LONDON EDUCATIONAL TRUST
- WARRINGTON TRAINING TRUST LIMITED
- THE EQUINOXE TRUST
- BEAUFORT COTTAGE EDUCATIONAL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Wavertree Education Trust Limited | £490k | — | 0 | above | — | no doubt |
| WORCESTER CHRISTIAN EDUCATION TRUST | £925k | — | 0 | above | — | no doubt |
| HERRIES EDUCATIONAL TRUST LIMITED | £1.6m | — | — | unclear | — | no doubt |
| NEW LONDON EDUCATIONAL TRUST | £101k | — | 0 | unclear | — | no doubt |
| WARRINGTON TRAINING TRUST LIMITED | £419k | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| THE EQUINOXE TRUST | £785k | — | 0 | unclear | — | no doubt |