RACING INDUSTRY ACCIDENT BENEFIT SCHEME

Registered charity 281686 · accounts filings on the Charity Commission register · also known as RACING INDUSTRY DISABLEMENT BENEFIT SCHEME, RIABS

The principal objective of the charity is to provide disablement benefits for the members (various classes of employees of racehorse trainers as stated in the Scheme Rules) who have suffered financial hardship following accidental injury, disablement or death arising from, and in the course of, employment and to provide a capital lump sum in the event of serious injury or death.

Causes: Disability · website · Get email alerts

Latest income

£2.0m

Latest spending

£1.8m

Registered

1981

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net surplus of £234,507 for the year ended 31 March 2025, with total unrestricted funds carried forward amounting to £2,586,694. The trustees consider the current level of free reserves to be adequate given the uncertain nature of potential benefit payments. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

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

What the accounts disclose

Reserves policy: unclear (held: £2.6m)

“The trustees are aware of the need to monitor the level of free reserves maintained by the charity and consider the current level to be adequate given the uncertain nature and timing of any injury and disablement benefit that may have to be paid out.” — page 7

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by UHY Ross Brooke. Discloses 5 of 6 completeness components.

Leadership, per the charity’s website

Robert Sage — Author/Staff (source)

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

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

Racing Foundation — “Supported by the Racing Foundation” (source page)

Structured financials (annual return, FY ending 31/03/2025)

Total income

£2.0m

Total spending

£1.8m

Cost of raising funds

£7k

Reserves (reported)

£2.6m

Employees

Reported reserves equal ~17.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (95% 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: 0.3% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

JONATHAN LANCELOT EDDISchair
Dr Andrew Paul Forsythe Simpson
GEORGE MCGRATH · trustee of 1 other charity
Lady Susannah O'Brien
SERENA GEAKE · trustee of 1 other charity

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/03/2025	£2.0m	£1.8m
31/03/2024	£1.9m	£1.7m
31/03/2023	£1.8m	£1.6m
31/03/2022	£1.8m	£1.4m
31/03/2021	£1.6m	£1.4m

Common questions

Is RACING INDUSTRY ACCIDENT BENEFIT SCHEME financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £234,507 for the year ended 31 March 2025, with total unrestricted funds carried forward amounting to £2,586,694. The trustees consider the current level of free reserves to be adequate given the uncertain nature of potential benefit payments. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by UHY Ross Brooke.

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.

Funder	Similar charities funded	Amount to them
THE RACING FOUNDATION	5	£4.0m
SIR PETER O'SULLEVAN CHARITABLE TRUST	4	£649k
THE THOMPSON FAMILY CHARITABLE TRUST	3	£2.6m
The Trevor Hemmings Foundation	3	£104k
THE PHILIP OPPENHEIMER FOUNDATION	3	£25k
PAYNE GALLWEY 1989 CHARITABLE TRUST	3	£20k
THE ALBORADA TRUST	2	£135k
THE WESTMINSTER FOUNDATION	2	£30k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SPEEDWAY RIDERS' BENEVOLENT FUND.

THE SPEEDWAY RIDERS' BENEVOLENT FUND income £179k
BRS EDUCATION LIMITED income £5.4m
RACING WELFARE income £5.5m
THE INJURED JOCKEYS FUND income £8.0m
National Horseracing College Limited income £3.9m
RETRAINING OF RACE HORSES income £1.3m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
RACING INDUSTRY ACCIDENT BENEFIT SCHEME	£2.0m	—	0	unclear	—	no doubt
THE SPEEDWAY RIDERS' BENEVOLENT FUND FY2024	£179k	—	0	above	—	no doubt
BRS EDUCATION LIMITED FY2025	£5.4m	—	—	unclear	—	no doubt
RACING WELFARE FY2025	£5.5m	more than £60,000	—	above	—	no doubt
THE INJURED JOCKEYS FUND FY2025	£8.0m	—	—	above	—	no doubt
National Horseracing College Limited FY2025	£3.9m	£120,001 - £130,000	4	below	—	no doubt

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