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.

Objects

The Museum's objects are restricted specifically, only for the public benefit to promote public interest in the preservation of all articles as are of historical or scientific interest in connection with racehorses and persons and places connected with racehorses and the art of other sports generally, principally through the running of the National Heritage Centre for Horseracing and Sporting Art at Palace House, and to preserve and care for the heritage and buildings making up the Palace House complex and in furtherance of this object.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Registered contact address: West Suffolk, East of England, England (from the postcode on the register)

Latest income
£883k
Latest spending
£1.4m
Registered
1987
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that free reserves were £25,360, which is significantly below the trustees' stated target of £350,000, representing a shortfall of £324,640. The group reported a net expenditure of £108,860 for the year, supported by a transfer of £200,000 from expendable endowment funds to unrestricted funds. Despite a slow decline in admissions income, the trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future.

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

What the accounts disclose

Reserves policy: The free reserves target level of £350,000, which equates to approximately four months of operational costs based on the annual operating cost budget. (held: £25k)
“The free reserves target level of £350,000, which equates to approximately four months of operational costs based on the annual operating cost budget.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Charitable Company is a member of Discover Newmarket, a community interest company (registration number 09362242). During the year income of £15,973, (2024: £16,039) was received from this association in the form of admissions and cafe revenue and purchases in the year totalled £35,402 (2024: £44,510). At the year end, a balance of £2,979 (2024: £7,546) was owed by the group.
“The Charitable Company is a member of Discover Newmarket, a community interest company (registration number 09362242). During the year income of £15,973, (2024: £16,039) was received from this association in the form of admissions and cafe revenue and purchases in the year totalled £35,402 (2024: £44,510). At the year end, a balance of £2,979 (2024: £7,546) was owed by the group.” — page 10
“During the year the Charitable Company recharged costs of £88,428, (2024: £67,534) to its subsidiary Palace House Trading Ltd. At the year end, a balance of £73,434 (2024: £68,500) was owed by the subsidiary and was recognised in debtors of the Charitable Company. A further balance of £309,110 (2024: £309,110) owed by the subsidiary has been provided against. During the year there was a management charge totalling £28,980 (2024: £34,822) between the Charitable Company and its subsidiary Palace House Trading Ltd.” — page 52
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: During the year the Charitable Company recharged costs of £88,428, (2024: £67,534) to its subsidiary Palace House Trading Ltd. At the year end, a balance of £73,434 (2024: £68,500) was owed by the subsidiary and was recognised in debtors of the Charitable Company. A further balance of £309,110 (2024: £309,110) owed by the subsidiary has been provided against. During the year there was a management charge totalling £28,980 (2024: £34,822) between the Charitable Company and its subsidiary Palace House Trading Ltd.
“The Charitable Company is a member of Discover Newmarket, a community interest company (registration number 09362242). During the year income of £15,973, (2024: £16,039) was received from this association in the form of admissions and cafe revenue and purchases in the year totalled £35,402 (2024: £44,510). At the year end, a balance of £2,979 (2024: £7,546) was owed by the group.” — page 10
“During the year the Charitable Company recharged costs of £88,428, (2024: £67,534) to its subsidiary Palace House Trading Ltd. At the year end, a balance of £73,434 (2024: £68,500) was owed by the subsidiary and was recognised in debtors of the Charitable Company. A further balance of £309,110 (2024: £309,110) owed by the subsidiary has been provided against. During the year there was a management charge totalling £28,980 (2024: £34,822) between the Charitable Company and its subsidiary Palace House Trading Ltd.” — page 52
Per its FY2025 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, a company registered in England and Wales.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.

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

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/12/2025

  • Volunteers: 80
  • Government income: £17,156 — grants £17,156 (6); 2% of the £882,614 total gross income on the same return
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/12/2024

  • Volunteers: 70
  • Government income: £5,174 — grants £5,174 (4); under 1% of the £1,022,162 total gross income on the same return
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/12/2023

  • Volunteers: 80
  • Government income: £7,534 — grants £7,534 (5); under 1% of the £1,157,807 total gross income on the same return
  • Has a trading subsidiary

Source: this charity’s annual returns on the Charity Commission register.

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 31/12/2025)

Total income
£883k
Total spending
£1.4m
Cost of raising funds
£208k
Reserves (reported)
£25k
Employees
24

Reported reserves equal ~0.2 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (43% 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: 23.5% of total income — in the top quarter for charities its size (median 4.9%) (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
31/12/2025£883k£1.4m
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

Common questions

Is THE NATIONAL HORSERACING MUSEUM financially healthy?

Per its FY2025 accounts: The accounts state that free reserves were £25,360, which is significantly below the trustees' stated target of £350,000, representing a shortfall of £324,640. The group reported a net expenditure of £108,860 for the year, supported by a transfer of £200,000 from expendable endowment funds to unrestricted funds. Despite a slow decline in admissions income, the trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 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 FOUNDATIONFY2022Unverified read£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
ROCKCLIFFE CHARITABLE TRUSTFY2023£20k
THE ERANDA ROTHSCHILD FOUNDATIONFY2022£20kThe arts
E B M CHARITABLE TRUSTFY2025£15kGrant paid to institution
ROCKCLIFFE CHARITABLE TRUSTFY2022£10k
E B M CHARITABLE TRUSTFY2023£10k
THE LESLIE MARY CARTER CHARITABLE TRUSTFY2025£5k
THE HDH WILLS 1965 CHARITABLE TRUSTFY2025£5k
THE LESLIE MARY CARTER CHARITABLE TRUSTFY2024£4k
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUSTFY2024£3k
THE HDH WILLS 1965 CHARITABLE TRUSTFY2024£3kGeneral Fund Grant
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUSTFY2025£1k

Grants marked “Unverified read” were flagged by automated checks as possibly misread from the funder’s filed accounts. They are listed, but left out of the totals, counts and funder relationships this site computes.

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 National Horseracing College Limited.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE NATIONAL HORSERACING MUSEUM£883k—0unclear—no doubt
National Horseracing College Limited FY2025£3.9m£120,001 - £130,0004below—no doubt
RETRAINING OF RACE HORSES FY2025£2.5m£120,001 - £130,0002unclear—no doubt
THE NATIONAL PONY SOCIETY FY2025£669k—0unclear—no doubt
AVIATION HERITAGE FOUNDATION LIMITED FY2025£34k—0unclear—no doubt
MUSEUM OF BRANDS FY2025£851k—0below—no doubt

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