Finance Score: 3

Governance Score: 6

Support Score: 2

Poor Liquidity: -1
Reasonable growth: +1
Fundraising costs low: +3

Good trustee age range: +3
Gender balanced board: +3

Overall weighted support: +2

Overall GiG Score: 11

RACING TO SCHOOL

Racing to School (formerly BHEST) is responsible for the management and delivery of education programmes to support and enhance young people's learning and development. Delivery takes place at racecourses, studs and training yards with educational activities linked to racing and thoroughbred breeding.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period
Fundraising costs are low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23		£875	£722	£153	£49	£1,382	£148	2.5	9	0
31/12/22		£863	£754	£109	£58	£1,229	£196	3.1	9	0
31/12/21		£623	£539	£84	£32	£1,120	£261	5.8	10	0
31/12/20		£523	£442	£81	£42	£1,036	£290	7.9	10	0
31/12/19		£672	£493	£179	£62	£956	£298	7.2	10	0
31/12/18		£517	£492	£24	£42	£777	£470	11.5	9	0
31/12/17		£438	£583	£-145	n/a	n/a	n/a	n/a	n/a	n/a
31/12/16		£391	£361	£30	n/a	n/a	n/a	n/a	n/a	n/a
31/12/15		£312	£611	£-299	n/a	n/a	n/a	n/a	n/a	n/a
31/12/14		£1,782	£1,810	£-28	£14	£1,166	£655	4.3	8	0
31/12/13	*	£1,685	£1,595	£90	£56	£1,194	£742	5.6	8	0
31/12/12		£1,605	£1,371	£234	£58	£1,104	£672	5.9	8	0
31/12/11		£1,508	£1,324	£184	£70	£870	£612	5.5	8	0
31/12/10		£1,457	£1,428	£29	£53	£686	£686	5.8	7	0
31/12/09?		£1,518	£1,448	£70	£38	£656	£644	5.3	8	0
31/03/08		£1,478	£1,478	£0	£75	£640	£640	5.2	8	0
31/03/07		£1,405	£1,368	£37	£29	£640	£640	5.6	8	0
31/03/06		£1,326	£1,309	£17	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05	*	£1,280	£1,144	£136	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04	*	£1,193	£1,189	£4	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 5.9%
Fundraising Costs/Total Spending: 6.8%
Senior Staff Costs/Total Spending: 17%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 14%
Liabilities/Income: 27%
Unrestricted Funds/Total Funds: 11%
Reserves/Spending: 2.5 months
Net Current Assets/Spending: 23 months
Quick Ratio: 0.8

Asset Split ?

Balance Sheet History

Established: 30 years

www.racingtoschool.co.uk

info@racingtoschool.co.uk

02071520035

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Academic support

How it operates

Makes grants to organisations
Provides services

Where it operates

Scotland, Throughout England And Wales,

Who it helps

Children/Young People

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Westminster Foundation - ADWC grant - Racing to School - 20/04/2023
£9,345	20/04/2023 12	Racing to School's Aintree Beacon Project

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees: 32-76

ANDREW WILLIAM KENNEDY MERRIAM Appointed: 2017, Occupation: Director

ANDREA O'KEEFFE Appointed: 2023, Occupation: Company Director

ANNA LISA BALDING Appointed: 2020, Occupation: Trustee

CAMILLA DUTTON Appointed: 2023, Occupation: Solicitor

CLIVE WISBY Appointed: 2017, Occupation: Head Teacher

JACQUELINE DAWN GREET Appointed: 2020, Occupation: Corporate Social Responsibility Manager

JOHN ANTHONY WILLIAM BAKER Appointed: 2020, Occupation: Trustee

KEVIN DANIEL PARSONS Appointed: 2018, Occupation: Training Manager

MICHAEL DAVID ANDREWS (Chair) Appointed: 2017, Occupation: Director Of Buying

PAUL NEIL DELISLE BREWSTER Appointed: 2019, Occupation: Senior Lecturer/Teacher

Legal constitution

Charitable company registered in England & Wales on 05/09/1994, number: 1040590
Registered at Companies House on 12/08/1994, number: 02958174

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR13: 13 days late, AR05: 2 days late, AR04: 1 days late,

Main office

7th Floor
Holborn Gate
26 Southampton Buildings
LONDON
WC2A 1AN

Objectives

THE COMPANY’S OBJECTS ARE RESTRICTED SPECIFICALLY, ONLY FOR THE PUBLIC BENEFIT TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE SUBJECT OF HORSERACING AND THOROUGHBRED BREEDING INCLUDING BY WAY OF: I. DESIGNING, DEVELOPING AND DELIVERING EDUCATION AND TRAINING COURSES; II. PROMOTING AND ADVANCING VOCATIONAL EDUCATION, TRAINING, VOLUNTEERING, WELL-BEING, EMPLOYABILITY AND COMMUNITY ENGAGEMENT PROGRAMMES (IN EACH SUCH CASE FOR CHARITABLE PURPOSES).

Defined Area of Benefit:

NOT DEFINED

Data Sources

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