Finance Score: -2

Governance Score: -3

Support Score: 1

Multiple Deficits: -2
No PartB

Narrow trustee age band: -2
Mainly male board: -1

Overall weighted support: +1

Overall GiG Score: -4

THE RACING CENTRE LTD

Provision of a club and youth centre and other facilities to benefit persons employed in and about the stables and training establishments in Newmarket Suffolk; in the interests of Social Welfare with the objective of improving the condition of life for such persons being persons who by reason of their poverty or social and economic circumstances have need for such facilities.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker

Regulatory & Governance issues to consider:

The Board is predominantly male
The Board has little diversity in terms of age

Financial issues to consider:

On several occasions in recent years income has been less than spending
A PartB annual return has not been required and so detailed financial information is not available from the online data

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
31/03/24		£241	£312	£-71	n/a	n/a	n/a	n/a	n/a	n/a
31/03/23		£242	£405	£-164	n/a	n/a	n/a	n/a	n/a	n/a
31/03/22	*	£283	£362	£-79	n/a	n/a	n/a	n/a	n/a	n/a
31/03/21		£511	£331	£180	£0	£1,349	£726	26.3	16	24
31/03/20?		£341	£331	£10	n/a	n/a	n/a	n/a	n/a	n/a
31/03/18	*	£153	£307	£-154	n/a	n/a	n/a	n/a	n/a	n/a
31/03/17		£418	£542	£-124	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16		£369	£300	£69	n/a	n/a	n/a	n/a	n/a	n/a
31/03/15		£491	£300	£192	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14	*	£403	£257	£146	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13		£230	£234	£-3	n/a	n/a	n/a	n/a	n/a	n/a
31/03/12		£145	£205	£-60	n/a	n/a	n/a	n/a	n/a	n/a
31/03/11		£127	£155	£-28	n/a	n/a	n/a	n/a	n/a	n/a
31/03/10		£143	£144	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/03/09		£158	£136	£21	n/a	n/a	n/a	n/a	n/a	n/a
31/03/08		£128	£125	£3	n/a	n/a	n/a	n/a	n/a	n/a
31/03/07		£130	£134	£-4	n/a	n/a	n/a	n/a	n/a	n/a
31/03/06		£125	£141	£-16	n/a	n/a	n/a	n/a	n/a	n/a

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Download accounts

Highest pay bracket: less than £60,000

Balance Sheet History

Established: 20 years

http://www.theracingcentre.org/

info@theracingcentre.org

01638662828

Charity Commission for England and Wales

Tweets

Listed activities

Amateur Sport
Other Charitable Purposes

GiG Classification

Other facilities management and maintenance

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Suffolk,

Who it helps

The General Public/Mankind

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
Suffolk Community Foundation - Detached Youth Worker
£5,000	04/08/2020 11	Towards a detached youth worker to support the young people of Newmarket.
Suffolk Community Foundation - Detached Youth Worker
£10,000	26/05/2020 11	Towards a detached youth worker to support the young people of Newmarket.
Sport England - Gym Equipment
£6,982	07/08/2019 25	Funding under Sport England's Small Grants funding programme for a Revenue project titled Gym Equipment. This project lists its main activity as Exercise & Fitness

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 51-67

AMANDA PRIOR Appointed: 2023

GEORGE MCGRATH Appointed: 2014, Occupation: Cheif Executive Nass

HONOURABLE PETER HUGH CHARLES STANLEY, Occupation: Stud Manager

JAMES ANTHONY JOHN BEAZLEY Appointed: 2023, Occupation: Trustee

REV SIMON BAILEY Appointed: 2014, Occupation: Racing Chaplain

Legal constitution

Charitable company registered in England & Wales on 27/01/2005, number: 1107833
Registered at Companies House on 11/11/2004, number: 05283686

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
Investment
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
Volunteer management

Filing Record

18 returns made; AR22: 16 days late, AR18: 121 days late, AR14: 41 days late,

Main office

The Racing Centre
Fred Archer Way
NEWMARKET
CB8 8NT

Objectives

TO ESTABLISH AN ORGANISATION FOR THE BENEFIT OF PERSONS EMPLOYED IN AND ABOUT THE STABLES AND RACING AND TRAINING ESTABLISHMENTS IN NEWMARKET AND ELSEWHERE BY THE PROVISION OF A CLUB AND YOUTH CENTRE AND OTHER FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND A LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE FOR SUCH PERSONS BEING PERSONS WHO BY REASON OF THEIR POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES HAVE NEED OF SUCH FACILITIES AND SUBJECT THERETO FOR THE USE OF SUCH OTHER RESIDENTS OF THE TOWN OF NEWMARKET WHO FOR LIKE REASONS HAVE NEED OF SUCH FACILITIES.

Defined Area of Benefit:

NEWMARKET AND ELSEWHERE.

Data Sources

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