Racing Homes
Provision of affordable housing principally for those working in, or retired from, the horseracing and thoroughbred breeding industry.
Objects
TO CARRY ON FOR THE BENEFIT OF THE COMMUNITY THE BUSINESS OF PROVIDING HOUSING AND ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS ANDTO PROVIDE FOR AGED PERSONS IN NEED THEREOF HOUSING AND ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS
Financial health, per its FY2025 accounts
The charity reported a decrease in total income to £1,402.6k, primarily due to a reduction in restricted grants, while expenditure fell to £1,252.5k, resulting in a net income surplus of £150.1k. Free reserves stood at £681.6k, which exceeds the stated policy target of £450k, and the charity holds total reserves of £12.7m. The trustees confirmed the charity has sufficient funds to continue operations for at least three years, with no material uncertainties identified regarding its going concern status.
What the accounts disclose
“One employee earned between £70,000 and £80,000 in the year (2024: one earned between £60,000 and £70,000).” — page 36
“One employee earned between £70,000 and £80,000 in the year (2024: one earned between £60,000 and £70,000).” — page 36
“Income from charitable activities represents rents and service charges receivable. All rental and service charge income is from social housing lettings.” — page 32
“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 18
“During the year £46k (2024: £46k) in respect of management and administration overheads were allocated to the Charity by Racing Welfare.” — page 44
“During the year total grants of £155.5k (2024: £730.4k) were received from Racing Welfare.”
“During the year £46k (2024: £46k) in respect of management and administration overheads were allocated to the Charity by Racing Welfare.” — page 44
“During the year total grants of £155.5k (2024: £730.4k) were received from Racing Welfare.”
“During the year £46k (2024: £46k) in respect of management and administration overheads were allocated to the Charity by Racing Welfare.” — page 44
“During the year total grants of £155.5k (2024: £730.4k) were received from Racing Welfare.”
“During the year £46k (2024: £46k) in respect of management and administration overheads were allocated to the Charity by Racing Welfare.” — page 44
“During the year total grants of £155.5k (2024: £730.4k) were received from Racing Welfare.”
Year-over-year changes
- Top pay band moved from £60,001 - £70,000 (FY2024) to £70,001 - £80,000 (FY2025).
- Going concern: going-concern doubt noted (FY2024) → no going-concern doubt (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 1
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
Self-declared on the annual return for the financial year ending 31/12/2023
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
Funders the charity credits
- The Jockey Club
- 4Racing
- Arena Racing Company
- Arabian Racing Organisation
- Ascot Racecourse Supports
- Bedmax
- Betfair
- Careers in Racing
- CNG Switch
- European Bloodstock News
- Fielding and Nicholson
- Global Group Racing
- Godolphin
- Goffs UK
- The Good Racing Co
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Eileen Jordan
- JOHN WILLIAM MARSHALL BARLOW
- Nicholas William Ayrton Bannister
- SIMON RICHARD HOPE
- Simon Stockley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.4m | £1.3m |
| 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 |
Common questions
Is Racing Homes financially healthy?
Per its FY2025 accounts: The charity reported a decrease in total income to £1,402.6k, primarily due to a reduction in restricted grants, while expenditure fell to £1,252.5k, resulting in a net income surplus of £150.1k. Free reserves stood at £681.6k, which exceeds the stated policy target of £450k, and the charity holds total reserves of £12.7m. The trustees confirmed the charity has sufficient funds to continue operations for at least three years, with no material uncertainties identified regarding its going concern status. Its FY2025 accounts were audited by Price Bailey LLP.
What does the highest-paid employee of Racing Homes earn?
Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 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
- Nicholas William Ayrton Bannister — trustee here and at RACING WELFARE
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| RACING WELFARE | FY2024 | £730k | Grant funding to subsidiary charity |
| RACING WELFARE | FY2023 | £26k | Grants paid to connected charity Racing Homes |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN PEARCE FOUNDATION | 3 | £2.1m |
| THE RACING FOUNDATION | 2 | £362k |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | 2 | £179k |
| The Trevor Hemmings Foundation | 2 | £30k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £2.1m |
| RETRAINING OF RACE HORSES | 1 | £208k |
| E B M CHARITABLE TRUST | 1 | £130k |
| THE PHILIP OPPENHEIMER FOUNDATION | 1 | £50k |
Charities like this
- RACING WELFARE
- RETRAINING OF RACE HORSES
- RACEHORSE TRAINERS BENEVOLENT FUND
- National Horseracing College Limited
- NEW BEGINNINGS HORSES
- THE ROUS CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Racing Homes | £1.4m | £70,001 - £80,000 | 1 | above | — | no doubt |
| RACING WELFARE | £5.5m | — | — | above | — | no doubt |
| RETRAINING OF RACE HORSES | £2.5m | £120,001 - £130,000 | 2 | unclear | — | no doubt |
| RACEHORSE TRAINERS BENEVOLENT FUND | £71k | — | 0 | unclear | — | no doubt |
| National Horseracing College Limited | £3.9m | £120,001 - £130,000 | 4 | below | — | no doubt |
| NEW BEGINNINGS HORSES | £414k | — | 0 | unclear | — | no doubt |