THE NATIONAL HORSERACING MUSEUM

Registered charity 283656 · accounts filings on the Charity Commission register

To promote public interest in the preservation of all articles as are of historical or scientific interest in connection with racehorses and persons connected with racehorses. To enlarge the Museum's network of partnerships within the education, racing industry and museums sector to mutual benefit.

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£1.0m
Latest spending
£1.5m
Registered
1987
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £227,324 for the year, resulting in a decrease in total funds. The trustees note a slow decline in admissions, making the museum more dependent on donations and grants, though they maintain a going concern basis with adequate resources for the foreseeable future.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: four months of operational costs (held: £104k)
“The free reserves target level of £350,000 equates to approximately four months of operational costs based on the annual operating cost budget.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan from trustee-connected business
“During the year, the Charitable Company received a loan of £70,000 (2023: Nil) from New England Stud Farm Limited a company owned by one of the trustees. The loan is interest free and repayable at an agreed time or within 28 days from the date of request.” — page 50
“During the year the Charitable Company recharged costs of £67,534, (2023: £79,150) to its subsidiary Palace House Trading Ltd.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Recharges to subsidiary
“During the year, the Charitable Company received a loan of £70,000 (2023: Nil) from New England Stud Farm Limited a company owned by one of the trustees. The loan is interest free and repayable at an agreed time or within 28 days from the date of request.” — page 50
“During the year the Charitable Company recharged costs of £67,534, (2023: £79,150) to its subsidiary Palace House Trading Ltd.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related charity
“During the year, the Charitable Company received a loan of £70,000 (2023: Nil) from New England Stud Farm Limited a company owned by one of the trustees. The loan is interest free and repayable at an agreed time or within 28 days from the date of request.” — page 50
“During the year the Charitable Company recharged costs of £67,534, (2023: £79,150) to its subsidiary Palace House Trading Ltd.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Palace House Trading Limited
“The National Horseracing Museum holds 100% of the issued share capital of Palace House Trading Limited” — page 9
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Larking Gowen LLP. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — The National Horseracing Museum (matched by registered charity number).

Leadership, per the charity’s website

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.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £3.5m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.0m
Total spending
£1.5m
Cost of raising funds
£200k
Reserves (reported)
£13.3m
Employees
26

Reported reserves equal ~109.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (49% 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: 19.5% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Cambridgeshire · Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£1.0m£1.5m
31/12/2023£1.2m£1.5m
31/12/2022£1.7m£1.6m
31/12/2021£1.8m£1.4m
31/12/2020£1.9m£1.8m

Common questions

Is THE NATIONAL HORSERACING MUSEUM financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £227,324 for the year, resulting in a decrease in total funds. The trustees note a slow decline in admissions, making the museum more dependent on donations and grants, though they maintain a going concern basis with adequate resources for the foreseeable future. Its FY2024 accounts were audited by Larking Gowen LLP.

Who funds THE NATIONAL HORSERACING MUSEUM?

Funders whose own accounts filings name THE NATIONAL HORSERACING MUSEUM as a grant recipient include THE THOMPSON FAMILY CHARITABLE TRUST, THE RACING FOUNDATION, THE PACKARD FOUNDATION, E B M CHARITABLE TRUST, THE ERANDA ROTHSCHILD FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE THOMPSON FAMILY CHARITABLE TRUSTFY2023£10.0m
THE THOMPSON FAMILY CHARITABLE TRUSTFY2022£500k
THE RACING FOUNDATIONFY2023£270kCommunity Engagement
THE RACING FOUNDATIONFY2023£200kCommunity Engagement
THE RACING FOUNDATIONFY2022£75kCommunity Engagement
THE RACING FOUNDATIONFY2024£60kCommunity Engagement
THE PACKARD FOUNDATIONFY2025£50k
E B M CHARITABLE TRUSTFY2024£25k
THE ERANDA ROTHSCHILD FOUNDATIONFY2023£25kThe Arts
THE ERANDA ROTHSCHILD FOUNDATIONFY2024£25kThe Arts
E B M CHARITABLE TRUSTFY2022£25k
THE ERANDA ROTHSCHILD FOUNDATIONFY2022£20kThe arts
ROCKCLIFFE CHARITABLE TRUSTFY2023£20k
E B M CHARITABLE TRUSTFY2025£15kGrant paid to institution
E B M CHARITABLE TRUSTFY2023£10k
ROCKCLIFFE CHARITABLE TRUSTFY2022£10k
THE HDH WILLS 1965 CHARITABLE TRUSTFY2025£5k
THE LESLIE MARY CARTER CHARITABLE TRUSTFY2024£4k
THE HDH WILLS 1965 CHARITABLE TRUSTFY2024£3kGeneral Fund Grant
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUSTFY2024£3k
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUSTFY2025£1k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund27/07/2020£153k"COVID19: National Horseracing Museum"
The National Lottery Heritage Fund14/06/2018£250k"National Heritage Centre, Palace House Commercial Resilience Project"
The National Lottery Heritage Fund21/05/2013£1.0m"National Horseracing Museum Endowment Fund"
The National Lottery Heritage Fund24/05/2011£5.0m"Palace House & Stables: Home of Horseracing National Heritage Centre"
The National Lottery Heritage Fund19/05/2011£46k"Palace Voices"
The National Lottery Heritage Fund07/09/2004£48k"Hold Your Horses"
The National Lottery Heritage Fund03/02/1999£30k"Essential Horse, National Horseracing Museum"

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with TELFORD HORSEHAY STEAM TRUST COMPANY LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE NATIONAL HORSERACING MUSEUM£1.0m—0unclear—no doubt
TELFORD HORSEHAY STEAM TRUST COMPANY LIMITED FY2025£100k—0unclear—no doubt
National Horseracing College Limited FY2025£3.9m£120,001 - £130,0004below—no doubt
EBONY HORSE CLUB FY2025£582k—0unclear—no doubt
THE NATIONAL MOTOR MUSEUM TRUST LIMITED FY2024£3.6m——unclear—no doubt
Bexhill Museum FY2025£322k—0unclear—noted

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