Finance Score: -2

Governance Score: -5

Support Score: 2

Excess reserves: -4
Strong growth: +2

Narrow trustee age band: -2
All male board: -3

Grant maker support: +2

Overall GiG Score: -5

RACING HOMES

Provision of affordable housing principally for those working in, or retired from, the horseracing and thoroughbred breeding industry.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
The Board is completely male
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £4,688,912 available, equivalent to 51 months of spending and so may not be able to utilise additional funding

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22	£1,118	£1,102	£16	£0	£12,393	£4,689	51.1	6
31/12/21	£1,111	£897	£214	£0	£12,377	£4,679	62.6	5
31/12/20	£1,633	£911	£721	£0	£12,163	£4,219	55.6	5
31/12/19	£895	£777	£118	£0	£11,442	£3,953	61.1	3
31/12/18	£561	£600	£-39	£0	£11,324	£2,873	57.4	2
31/12/17	£1,120	£514	£606	£0	£11,363	£3,570	83.3	4
31/12/16	£620	£522	£98	£0	£10,737	£3,981	91.5	4
31/12/15	£619	£591	£27	£0	£10,616	£3,875	78.6	4
31/12/14	£590	£500	£90	£0	£9,600	£2,785	66.8	3
31/12/13	£542	£519	£22	£0	£10,029	£3,123	72.2	3
31/12/12	£560	£487	£73	£0	£8,654	£2,650	65.4	3
31/12/11	£423	£395	£28	£0	£0	£0	n/a	0
31/12/10	£418	£392	£26	£0	£0	£0	n/a	0
31/12/09	£393	£410	£-17	£0	£0	£0	n/a	0
31/12/08	£283	£337	£-53	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 14%
Liabilities/Income: 179%
Unrestricted Funds/Total Funds: 38%
Reserves/Spending: 51.1 months
Net Current Assets/Spending: 10 months
Quick Ratio: 1.6

Asset Split ?

Established: 16 years

www.racingwelfare.co.uk

info@racingwelfare.co.uk

01638560763

Charity Commission for England and Wales

Tweets

Listed activities

Accommodation/Housing
The Prevention Or Relief Of Poverty

GiG Classification

Other facilities management and maintenance

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups

Who works here?

6 employees

Who's supporting them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
Dorset Community Foundation - Grant to Gillingham Community Church
£3,000	25/11/2021	Grant support the expansion of the Open Door service; a drop in hub for local people in financial difficulties and other other multiple needs, where local services are arranged and signposted

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 53-71

SIMON STOCKLEY Appointed: 2023, Occupation: Army Officer

CRAIG ANTHONY GLASPER Appointed: 2015, Occupation: Ceo - Social Housing

PATRICK JAMES RUSSELL Appointed: 2015, Occupation: Lawyer, Other trusteeship: ESTATE CHARITY OF LADY LEVESON'S OR THE FOXLEY CHARITY,

JOHN WILLIAM MARSHALL BARLOW Appointed: 2019, Occupation: Company Director, Other trusteeship: RACING WELFARE,

SIMON RICHARD HOPE (Chair) Appointed: 2018, Occupation: Chartered Surveyor, Other trusteeship: MAGDALEN COLLEGE SCHOOL OXFORD LIMITED,

Legal constitution

Charitable company registered in England & Wales on 26/02/2008, number: 1122961
Registered at Companies House on 30/01/2008, number: 06489067

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Homes England

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

15 returns made; all on time

Main office

RACING WELFARE
20B PARK LANE
NEWMARKET
CB8 8QD

Objectives

TO CARRY ON FOR THE BENEFIT OF THE COMMUNITY THE BUSINESS OF PROVIDING HOUSING AND ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS ANDTO PROVIDE FOR AGED PERSONS IN NEED THEREOF HOUSING AND ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, SUFFOLK, BERKSHIRE AND SUSSEX.

Data Sources