National Horseracing College Limited
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.
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.
What the accounts disclose
“In the band £120,001 - £130,000 - 4” — page 39
“In the band £120,001 - £130,000 - 4” — page 39
“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
“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
“The charity has a wholly owned trading subsidiary, NHC Trading Limited (company number 03538751).” — page 33
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Sir Philip Davieschair
- Callum Helliwell
- David Carr
- Dr Helen Elizabeth McCarthy PhD FHEA
- Francis Stephenson
- JAMES HETHERTON
- JEFF ENNIS
- Sally Iggulden
- Susannah C Gill
- William Pieter Rachmann
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE RACING FOUNDATION | FY2024 | £98k | People |
| THE RACING FOUNDATION | FY2025 | £45k | Racing's People |
| THE RACING FOUNDATION | FY2025 | £42k | Equine Welfare |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | FY2022 | £24k | Specific project |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | FY2023 | £20k | Grants for specific projects and other good causes committed and paid during the year |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | FY2024 | £20k | Grants for specific projects and other good causes committed and paid during the year |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 19/01/2024 | £13k | Life Skills |
| The National Lottery Community Fund | 22/08/2019 | £116k | Youth Engagement Support (YES!) |
| Sport England | 23/04/2014 | £45k | Additional indoor arena for Northern Racing College |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MRS D M FRANCE-HAYHURST FOUNDATION | 2 | £239k |
| THE ALBORADA TRUST | 2 | £135k |
| The Trevor Hemmings Foundation | 2 | £54k |
| PETPLAN CHARITABLE TRUST | 2 | £13k |
| PAYNE GALLWEY 1989 CHARITABLE TRUST | 2 | £8k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £250k |
| RETRAINING OF RACE HORSES | 1 | £177k |
| RACING WELFARE | 1 | £132k |
Charities like this
- BRS EDUCATION LIMITED
- NEW BEGINNINGS HORSES
- RETRAINING OF RACE HORSES
- The Wavertree Education Trust Limited
- GREATWOOD CHARITY LIMITED
- THE HORSE RANGERS ASSOCIATION (HAMPTON COURT)LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| National Horseracing College Limited | £3.9m | £120,001 - £130,000 | 4 | below | — | no doubt |
| BRS EDUCATION LIMITED | £5.4m | — | — | unclear | — | no doubt |
| NEW BEGINNINGS HORSES | £414k | — | 0 | unclear | — | no doubt |
| RETRAINING OF RACE HORSES | £1.3m | £120,001 - £130,000 | 1 | unclear | — | no doubt |
| The Wavertree Education Trust Limited | £490k | — | 0 | unclear | — | no doubt |
| GREATWOOD CHARITY LIMITED | £851k | — | 0 | unclear | — | no doubt |