The Wavertree Education Trust Limited

Registered charity 1111771 · accounts filings on the Charity Commission register · also known as MILL REEF CHARITABLE TRUST, THE WAVERTREE CHARITABLE TRUST

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').

Area of benefit: NATIONAL

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Animals · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: East Cambridgeshire, East of England, England (from the postcode on the register)

Latest income
£490k
Latest spending
£554k
Registered
2005
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Horserace Betting Levy Board (53% of income)
“Other donations included £257,500 (2024: £190,000) Horserace Betting Levy Board” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: at least 12 months expenditure in unrestricted reserves (reserves figure: £27k)
“The Trustees aim to maintain at least 12 months expenditure in unrestricted reserves.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 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)
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP. Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
JOHN PEARCE FOUNDATIONFY2022£60k
JOHN PEARCE FOUNDATIONFY2025£45knull
JOHN PEARCE FOUNDATIONFY2024£44k
JOHN PEARCE FOUNDATIONFY2023£33k
JOHN PEARCE FOUNDATIONFY2021£30k
E B M CHARITABLE TRUSTFY2025£25kGrant paid to institution
E B M CHARITABLE TRUSTFY2024£25k
E B M CHARITABLE TRUSTFY2023£25k
E B M CHARITABLE TRUSTFY2021£10k
E B M CHARITABLE TRUSTFY2022£10k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE RACING FOUNDATION1£185k
SIR PETER O'SULLEVAN CHARITABLE TRUST1£64k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with WORCESTER CHRISTIAN EDUCATION TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
The Wavertree Education Trust Limited£490k—0above—no doubt
WORCESTER CHRISTIAN EDUCATION TRUST FY2025£925k—0above—no doubt
HERRIES EDUCATIONAL TRUST LIMITED FY2025£1.6m——unclear—no doubt
NEW LONDON EDUCATIONAL TRUST FY2024£101k—0unclear—no doubt
WARRINGTON TRAINING TRUST LIMITED FY2025£419k£60,001 - £70,0001unclear—no doubt
THE EQUINOXE TRUST FY2025£785k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.