THE SPEEDWAY RIDERS' BENEVOLENT FUND
The object of the Fund is to provide assistance to persons injured or disabled whilst participating in the sport of Speedway Racing.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,904,865, which is above the trustees' policy target of approximately a quarter of total expenditure. The charity reported a net movement in funds of £139,735 for the year, supported by investment gains, while total income decreased to £179,052 from the previous year.
What the accounts disclose
“The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately a quarter of total expenditure.” — page 6
Trustees
- PAUL ACKROYDchair
- ALEX HARKESS
- ANTHONY FRANCIS GORDON NOEL
- Archibald Kenneth MCKINNA Mr
- CHRISTOPHER VAN STRAATEN
- Jan Staechmann
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £179k | £185k |
| 31/12/2023 | £349k | £171k |
| 31/12/2022 | £171k | £140k |
| 31/12/2021 | £112k | £83k |
| 31/12/2020 | £190k | £95k |
Common questions
Is THE SPEEDWAY RIDERS' BENEVOLENT FUND financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,904,865, which is above the trustees' policy target of approximately a quarter of total expenditure. The charity reported a net movement in funds of £139,735 for the year, supported by investment gains, while total income decreased to £179,052 from the previous year. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMPSON FAMILY CHARITABLE TRUST | 2 | £1.8m |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | 2 | £495k |
| THE LADY COBHAM FOUNDATION | 2 | £5k |
| THE LORD FARINGDON CHARITABLE TRUST | 2 | £2k |
| THE BRITFORD BRIDGE TRUST | 1 | £310k |
| CHK Foundation | 1 | £175k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £165k |
| E B M CHARITABLE TRUST | 1 | £115k |
Charities like this
- THE INJURED JOCKEYS FUND
- RACING INDUSTRY ACCIDENT BENEFIT SCHEME
- BRITISH MOTOR SPORTS TRAINING TRUST
- The Disabled Sailors Association
- RACING WELFARE
- RFU INJURED PLAYERS FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SPEEDWAY RIDERS' BENEVOLENT FUND | £179k | — | 0 | above | — | no doubt |
| THE INJURED JOCKEYS FUND | £8.0m | — | — | above | — | no doubt |
| RACING INDUSTRY ACCIDENT BENEFIT SCHEME | £2.0m | — | 0 | unclear | — | no doubt |
| BRITISH MOTOR SPORTS TRAINING TRUST | £122k | — | 0 | unclear | — | no doubt |
| The Disabled Sailors Association | £775k | — | 0 | unclear | — | no doubt |
| RACING WELFARE | £4.3m | — | — | unclear | — | no doubt |