Racing Homes

Registered charity 1122961 · accounts filings on the Charity Commission register · also known as THE STABLE LAD'S WELFARE TRUST HOUSING ASSOCATION LIMITED

Provision of affordable housing principally for those working in, or retired from, the horseracing and thoroughbred breeding industry.

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · website · Get email alerts

Latest income
£1.7m
Latest spending
£1.4m
Registered
2008
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held total reserves of £12.5m, with free reserves of £471.6k against a policy target of £450k. However, the trustees note that the charity requires an additional £100k of income or cost savings annually to become financially self-sustaining and relies on grants from its parent charity, Racing Welfare, to fund maintenance works.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“One employee earned between £60,000 and £70,000 in the year” — page 38
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee earned between £60,000 and £70,000 in the year” — page 38
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Restricted grants (33% of income)
“the increase due to restricted grants received from Racing Welfare towards the project in Middleham (£570k) and the planned maintenance programme (£121k).”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: six months of property management costs (held: £472k)
“The charity has a reserves policy, in line with its parent, to keep six months of property management costs in free reserves. This is estimated at £450k.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees note that the charity is forecast to require an additional £100k income or cost savings per year to become financially self-sustaining. However, as a strategy is developed to address this it has sufficient funds to continue at the same level of activity and investment for at least the next 3 years.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year total grants of £730.4k (2023: £22.9k) were received from Racing Welfare.”
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £203.1k” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year total grants of £730.4k (2023: £22.9k) were received from Racing Welfare.”
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £203.1k” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year total grants of £730.4k (2023: £22.9k) were received from Racing Welfare.”
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £203.1k” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year total grants of £730.4k (2023: £22.9k) were received from Racing Welfare.”
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £203.1k” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 17
“During the year total grants of £730.4k (2023: £22.9k) were received from Racing Welfare.”
“Jockey Club Estates Limited (JCE), a Jockey Club group company, provided maintenance and repairs services to Racing Homes during the year. Payments made to JCE in the year amounted to £203.1k” — page 45
Per its FY2024 accounts as filed with the Charity Commission.

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

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Property (HM Land Registry)

15 registered titles in England and Wales held by the charity’s company or corporate body (12 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.7m
Total spending
£1.4m
Reserves (reported)
£472k
Employees
6

Reported reserves equal ~3.9 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (57% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

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
31/12/2024£1.7m£1.4m
31/12/2023£1.1m£1.3m
31/12/2022£1.1m£1.1m
31/12/2021£1.1m£897k
31/12/2020£1.6m£911k

Common questions

Is Racing Homes financially healthy?

Per its FY2024 accounts: The accounts state that the charity held total reserves of £12.5m, with free reserves of £471.6k against a policy target of £450k. However, the trustees note that the charity requires an additional £100k of income or cost savings annually to become financially self-sustaining and relies on grants from its parent charity, Racing Welfare, to fund maintenance works. Its FY2024 accounts were audited by Price Bailey LLP.

What does the highest-paid employee of Racing Homes earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.

Who funds Racing Homes?

Funders whose own accounts filings name Racing Homes as a grant recipient include RACING WELFARE.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
RACING WELFAREFY2024£730kGrant funding to subsidiary charity
RACING WELFAREFY2023£26kGrants paid to connected charity Racing Homes

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with RACING WELFARE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
Racing Homes£1.7m£60,001 - £70,0001above—noted
RACING WELFARE FY2024£4.3m——unclear—no doubt
RETRAINING OF RACE HORSES FY2024£1.3m£120,001 - £130,0001unclear—no doubt
THE RACING CENTRE LTD FY2025£368k—0unclear—no doubt
GREATWOOD CHARITY LIMITED FY2025£851k—0unclear—no doubt
NEW BEGINNINGS HORSES FY2025£414k—0unclear—no doubt

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