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RACING INDUSTRY ACCIDENT BENEFIT SCHEME

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

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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.

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.

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
0

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

Trustees

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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.