National Horseracing College Limited

Registered charity 700405 · accounts filings on the Charity Commission register · also known as NORTHERN RACING COLLEGE, SOUTH YORKSHIRE TRAINING TRUST

The objects of the charity are to advance education, particularly among young persons, and to relieve the need of unemployed persons by the provision of vocational and academic training connected with the horse racing, equestrian, agricultural, horticultural and their allied areas. The charity has two specific mission statements in its Corporate Plan.

Causes: Education/training · website · Get email alerts

Latest income
£3.9m
Latest spending
£3.6m
Registered
1988
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated an operating surplus of £317,120 for the year ended 31 July 2025, with total unrestricted reserves of £3,162,268. However, the trustees note that the charity has been unable to comply with its own reserves policy to hold free reserves of between 1 and 2 months of operational expenditure. The charity is reliant on increases in industry and other funding to meet its obligations but has sufficient cash flow forecasts to continue for the foreseeable future.

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

What the accounts disclose

Highest-paid employee band: £120,001 - £130,000 — above the 90th percentile for charities its size (median £70k)
“In the band £120,001 - £130,000 - 4” — page 39
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 4
“In the band £120,001 - £130,000 - 4” — page 39
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £3.2m; policy: 1 and 2 months operational expenditure)
“The charity, for some years, has been unable to comply with its policy to hold free reserves of between 1 and 2 months operational expenditure.” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management charges made to NHC Trading Limited
“Management charges of £37,574 were made in the year to NHC Trading Limited (2024: £35,000). At the year-end £87,005, (2024: £46,354) was due from NHC Trading Limited.” — page 56
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: NHC Trading Limited
“The charity has a wholly owned trading subsidiary, NHC Trading Limited (company number 03538751).” — page 33
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by SMH Group Audit. Discloses 6 of 6 completeness components.

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

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

Structured financials (annual return, FY ending 31/07/2025)

Total income
£3.9m
Total spending
£3.6m
Cost of raising funds
£234k
Reserves (reported)
£3.2m
Employees
66

Reported reserves equal ~10.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (96% 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: 6.0% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Doncaster

Income and spending

Financial year endIncomeSpending
31/07/2025£3.9m£3.6m
31/07/2024£3.6m£3.4m
31/07/2023£3.1m£3.3m
31/07/2022£2.7m£2.8m
31/07/2021£2.8m£2.6m

Common questions

Is National Horseracing College Limited financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated an operating surplus of £317,120 for the year ended 31 July 2025, with total unrestricted reserves of £3,162,268. However, the trustees note that the charity has been unable to comply with its own reserves policy to hold free reserves of between 1 and 2 months of operational expenditure. The charity is reliant on increases in industry and other funding to meet its obligations but has sufficient cash flow forecasts to continue for the foreseeable future. Its FY2025 accounts were audited by SMH Group Audit.

What does the highest-paid employee of National Horseracing College Limited earn?

Per its FY2025 accounts, the highest-paid employee was in the £120,001 - £130,000 band, and 4 employees earned over £60,000.

Who funds National Horseracing College Limited?

Funders whose own accounts filings name National Horseracing College Limited as a grant recipient include THE RACING FOUNDATION, SIR PETER O'SULLEVAN CHARITABLE TRUST.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE RACING FOUNDATIONFY2024£98kPeople
THE RACING FOUNDATIONFY2025£45kRacing's People
THE RACING FOUNDATIONFY2025£42kEquine Welfare
SIR PETER O'SULLEVAN CHARITABLE TRUSTFY2022£24kSpecific project
SIR PETER O'SULLEVAN CHARITABLE TRUSTFY2023£20kGrants for specific projects and other good causes committed and paid during the year
SIR PETER O'SULLEVAN CHARITABLE TRUSTFY2024£20kGrants for specific projects and other good causes committed and paid during the year

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Community Fund19/01/2024£13kLife Skills
The National Lottery Community Fund22/08/2019£116kYouth Engagement Support (YES!)
Sport England23/04/2014£45kAdditional indoor arena for Northern Racing College

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 BRS EDUCATION LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
National Horseracing College Limited£3.9m£120,001 - £130,0004below—no doubt
BRS EDUCATION LIMITED FY2025£5.4m——unclear—no doubt
NEW BEGINNINGS HORSES FY2025£414k—0unclear—no doubt
RETRAINING OF RACE HORSES FY2024£1.3m£120,001 - £130,0001unclear—no doubt
The Wavertree Education Trust Limited FY2024£490k—0unclear—no doubt
GREATWOOD CHARITY LIMITED FY2025£851k—0unclear—no doubt

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