THE NATIONAL HORSERACING MUSEUM
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.
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.
What the accounts disclose
“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
“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
“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
“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
“The National Horseracing Museum holds 100% of the issued share capital of Palace House Trading Limited” — page 9
Leadership, per the charity’s website
- The Hon. Frances Stanley DL — Chairman of the Board
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (30/10/2023)
- Received assets from another charity (10/11/2021)
Trustees
- Hon Frances Caroline Stanleychair
- Adam Signy
- David Allan Thorpe
- Dr Hamid Amouzad Khalili
- John Henry Chatfeild-Roberts
- Johnny Eddis
- Jonathan Benson
- Michael Sutherill
- Nicholas Edward Francis Luck
- PAUL TAIANO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 27/07/2020 | £153k | "COVID19: National Horseracing Museum" |
| The National Lottery Heritage Fund | 14/06/2018 | £250k | "National Heritage Centre, Palace House Commercial Resilience Project" |
| The National Lottery Heritage Fund | 21/05/2013 | £1.0m | "National Horseracing Museum Endowment Fund" |
| The National Lottery Heritage Fund | 24/05/2011 | £5.0m | "Palace House & Stables: Home of Horseracing National Heritage Centre" |
| The National Lottery Heritage Fund | 19/05/2011 | £46k | "Palace Voices" |
| The National Lottery Heritage Fund | 07/09/2004 | £48k | "Hold Your Horses" |
| The National Lottery Heritage Fund | 03/02/1999 | £30k | "Essential Horse, National Horseracing Museum" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SIR PETER O'SULLEVAN CHARITABLE TRUST | 2 | £84k |
| PETPLAN CHARITABLE TRUST | 2 | £10k |
| IGY FOUNDATION | 1 | £200k |
| THE PETS AT HOME FOUNDATION | 1 | £50k |
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £50k |
| THE RANDAL CHARITABLE FOUNDATION | 1 | £40k |
| THE PRUDENCE TRUST | 1 | £32k |
| WALCOT EDUCATIONAL FOUNDATION | 1 | £30k |
Charities like this
- TELFORD HORSEHAY STEAM TRUST COMPANY LIMITED
- National Horseracing College Limited
- EBONY HORSE CLUB
- THE NATIONAL MOTOR MUSEUM TRUST LIMITED
- Bexhill Museum
- HORSEWORLD TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NATIONAL HORSERACING MUSEUM | £1.0m | — | 0 | unclear | — | no doubt |
| TELFORD HORSEHAY STEAM TRUST COMPANY LIMITED | £100k | — | 0 | unclear | — | no doubt |
| National Horseracing College Limited | £3.9m | £120,001 - £130,000 | 4 | below | — | no doubt |
| EBONY HORSE CLUB | £582k | — | 0 | unclear | — | no doubt |
| THE NATIONAL MOTOR MUSEUM TRUST LIMITED | £3.6m | — | — | unclear | — | no doubt |
| Bexhill Museum | £322k | — | 0 | unclear | — | noted |