THE RACING FOUNDATION
Latest income
£1.2m
Latest spending
£3.4m
Registered
2012
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity's net assets increased to £84.2m, supported by a £4.4m gain on investments. However, the strategic report notes that investment performance fell below targets and grant payouts exceeded investment income, requiring the withdrawal of £9m from investments to cover short-term commitments.
What the accounts disclose
Highest-paid employee band: £70,001 - £80,000 — below the median for charities its size (£76k)
“1 employee earned between £75-80k during the period” — page 24
Per its FY2023 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“1 employee earned between £75-80k during the period” — page 24
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: maintaining the long-term real capital value of all receipts arising from the government’s sale of the Tote (held: £2.3m)
“The Foundation has adopted a policy of maintaining the long-term real capital value of all receipts arising from the government’s sale of the Tote and only spending the financial return derived from the capital.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payments to Jockey Club Estates
“During the year, £1,255 was paid to Jockey Club Estates for room hire/facilities for a Racing Foundation event. Julia Budd was Chair and a Trustee of the Racing Foundation and Member of the Jockey Club during the year. Rishi Persad was a Trustee of the Racing Foundation and a Member of the Jockey Club during the year.” — page 29
“During the year, £2,513 was paid to the British Racing School for training courses for Racing Foundation staff; room hire and printing costs for Racing Foundation events. Julia Budd was Chair and a Trustee of the Racing Foundation and Chair and a Trustee of the British Racing School during the year.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payments to British Racing School
“During the year, £1,255 was paid to Jockey Club Estates for room hire/facilities for a Racing Foundation event. Julia Budd was Chair and a Trustee of the Racing Foundation and Member of the Jockey Club during the year. Rishi Persad was a Trustee of the Racing Foundation and a Member of the Jockey Club during the year.” — page 29
“During the year, £2,513 was paid to the British Racing School for training courses for Racing Foundation staff; room hire and printing costs for Racing Foundation events. Julia Budd was Chair and a Trustee of the Racing Foundation and Chair and a Trustee of the British Racing School during the year.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2025)
Total income
£1.2m
Total spending
£3.4m
Cost of raising funds
£59k
Reserves (reported)
£0
Employees
4
Trustees
- Julia Katharine Buddchair
- Alice Rose Page
- Claire Joy Sheppard
- Edward James Algenon Smith-Maxwell
- Hazel Gilchrist Peplinski
- James Boyle
- Linda Jane Bowles
- Rachel Elizabeth Flynn
- Rishi Persad
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.2m | £3.4m |
| 31/12/2024 | £1.8m | £1.8m |
| 31/12/2023 | £2.1m | £2.6m |
| 31/12/2022 | £3.7m | £7.4m |
| 31/12/2021 | £1.7m | £7.4m |
Common questions
Is THE RACING FOUNDATION financially healthy?
The accounts state that the charity's net assets increased to £84.2m, supported by a £4.4m gain on investments. However, the strategic report notes that investment performance fell below targets and grant payouts exceeded investment income, requiring the withdrawal of £9m from investments to cover short-term commitments. Its FY2023 accounts were audited by RSM UK Audit LLP.
What does the highest-paid employee of THE RACING FOUNDATION earn?
Per its FY2023 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRIDGE HOUSE ESTATES | 1 | £1.5m |
| BEAULAND LIMITED | 1 | £57k |
| Rights and Security International | 1 | £50k |
| KENTISH TOWN IMPROVEMENT FUND | 1 | £0 |