Finance Score: -6

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Large legacies income: +2
Accounts filed more than 5 days late: -3 times
Reasonable growth: +1
Multiple Deficits: -2
Fundraising costs high: -2

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

Gov Income
Grant maker support: +3

Overall GiG Score: 3

THE HORSE TRUST

The Horse Trust exists to enhance and improve the quality of life of equines in the UK. In achieving these objectives The Trust undertakes three main strategic aims:Sanctuary - to provide sanctuary and respite care at The Home of Rest for Horses Scientific Research - to fund non-invasive research.Knowledge and Skills - to devise and deliver a broad spectrum of training courses.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
This charity has received more than half of its income from legacies in recent years
There has been reasonable growth in spending over the last 3 years relative to the previous period
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £22,293,764 available, equivalent to 68 months of spending and so may not be able to utilise additional funding
Accounts have been filed late on 3 occasions over the last 5 years and the current period appears to have been extended
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

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	Volun- teers
31/12/22		£2,371	£3,914	£-1,542	£326	£22,395	£22,294	68.4	58	8
31/12/21	*	£1,900	£4,118	£-2,218	£301	£25,360	£25,242	73.6	52	8
31/12/20	*	£2,114	£3,333	£-1,219	£154	£26,407	£26,326	94.8	47	8
31/12/19	*	£2,585	£3,267	£-681	£349	£26,646	£26,568	97.6	44	10
31/12/18		£3,041	£2,773	£269	£238	£25,120	£25,072	108.5	34	10
31/12/17		£2,523	£2,707	£-184	£295	£26,225	£26,224	116.3	34	0
31/12/16		£2,846	£2,397	£450	£351	£25,113	£25,112	125.7	31	0
31/12/15		£2,995	£1,866	£1,129	£220	£22,958	£22,948	147.6	26	0
31/12/14		£2,252	£1,775	£477	£386	£21,796	£21,759	147.1	25	0
31/12/13		£2,787	£2,007	£780	£312	£21,042	£20,986	125.4	22	0
31/12/12		£2,401	£1,591	£810	£356	£18,114	£18,056	136.2	23	0
31/12/11		£1,691	£1,739	£-47	£359	£16,284	£16,240	112.1	19	0
31/12/10		£1,917	£1,860	£57	£380	£17,400	£17,326	111.8	20	0
31/12/09		£1,759	£2,004	£-245	£349	£16,138	£16,081	96.3	21	0
31/12/08		£1,919	£2,253	£-334	£350	£14,802	£14,756	78.6	20	0
31/12/07	*	£2,083	£1,970	£113	£236	£18,768	£18,727	114.1	19	0
31/12/06		£2,123	£1,694	£429	£0	£0	£0	n/a	0	0
31/12/05		£1,308	£1,377	£-69	£0	£0	£0	n/a	0	0
31/12/04		£2,206	£1,325	£880	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 21%
Fundraising Costs/Total Spending: 10.1%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £110,000-£120,000
Liabilities/Assets: 1%
Liabilities/Income: 6%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 68.4 months
Net Current Assets/Spending: 6 months
Quick Ratio: 2.4

Asset Split ?

Established: 60 years
(85 years as a company)

www.horsetrust.org.uk

info@horsetrust.org.uk

01494488960

Charity Commission for England and Wales

Listed activities

Animals

GiG Classification

Animal welfare

How it operates

Makes Grants to Organisations
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
Other Defined Groups

Who works here?

58 employees
8 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 9/11 persons

Age Range of Trustees: 36-79

BRONWEN JONES Appointed: 2023, Occupation: Solicitor

PROFESSOR PETER CLEGG MRCVS Appointed: 2017

PROF DEBBIE ARCHER Appointed: 2023, Occupation: Veterinary Surgeon

PROF JOSH SLATER Appointed: 2023

THE LORD RUPERT CHARLES DE MAULEY TD Appointed: 2016, Other trusteeships: YEOMANRY BENEVOLENT FUND, WAR MEMORIALS TRUST, WAR MEMORIALS TRUST,

CAROLINE RODDIS Appointed: 2018, Occupation: Copywriter

CHRISTOPHER JAMES WILLIAM MARRIOTT Appointed: 2015, Occupation: Chartered Surveyor

DAVID COOK (Chair) Appointed: 2016, Occupation: Retired

LAURA MCGILLYCUDDY Appointed: 2019, Occupation: Veterinary Surgeon

PROFESSOR BRUCE MCGORUM Appointed: 2015, Occupation: Veterinary Surgeon

RUPERT HUGH MAXWELL NEAL Appointed: 2017, Occupation: Investment Manager

Legal constitution

Charitable company registered in England & Wales on 29/06/1964, number: 231748
Registered at Companies House on 16/12/1938, number: 00347417

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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

Filing Record

19 returns made; AR21: 73 days late, AR20: 52 days late, AR19: 53 days late, AR07: 2 days late,

Main office

Speen Farm
Slad Lane
Speen
Princes Risborough
HP27 0PP

Objectives

4.1)FOR THE BENEFIT OF THE PUBLIC TO RELIEVE THE SUFFERING AND/OR IMPROVE THE HEALTH AND WELFARE OF HORSES IN NEED OF CARE AND ATTENTION AND, IN PARTICULAR, TO PROVIDE AND MAINTAIN THE HOME OF REST TO OFFER SANCTUARY, WHETHER ON TEMPORARY OR RESPITE BASIS OR PERMANENTLY, IN PARTICULAR (BUT WITHOUT LIMITATION) FOR: (SEE ARTICLES OF ASSOCIATION FOR DETAILS)4.2) TO EDUCATE THE PUBLIC IN MATTERS PERTAINING TO HORSE CARE AND WELFARE IN GENERAL AND THE PREVENTION OF CRUELTY AND SUFFERING AND/OR IMPROVEMENT OF HEALTH AND WELFARE AMONG HORSES BY MEANS INCLUDING: (SEE ARTICLES OF ASSOCIATION FOR DETAILS)4.3) FOR THE BENEFIT OF THE PUBLIC TO RELIEVE THE SUFFERING AND/OR IMPROVE THE HEALTH AND WELFARE OF HORSES AND TO ADVANCE THE EDUCATION OF THE PUBLIC (AND PARTICULARLY OR PROFESSIONALS IN RELEVANT DISCIPLINES) ON THE SCIENCE AND VETERINARY CARE OF AND/OR RELEVANT TO HORSES BY PROMOTION AND FUNDING (BY WAY OF RESEARCH AND GRANT FUNDING, ENDOWMENT OR SPONSORSHIP IN WHATEVER FORM) OF ALL FORMS OF WHAT THE TRUSTEES FROM TIME TO TIME CONSIDER TO BE ETHICAL, NON-INVASIVE RESEARCH INTO OR RELATING TO THOSE SUBJECTS AND PARTICIPATING IN THE PUBLICATION OF THE USEFUL RESULTS.

Defined Area of Benefit:

NOT DEFINED - PRINCIPALLY LONDON AND HOME COUNTIES

Data Sources