Causes
 X
Resources
 X
User Services
 X
home >> charity search >> racing welfare
Finance Score: -1
Governance Score: 2
Support Score: 6
  • Liabilities <10%: +3
  • Excess reserves: -4
  • Strong growth: +2
  • Multiple Deficits: -2
  • Good trustee age range: +3
  • Mainly male board: -1
  • Grant maker support: +6
Overall GiG Score: 7 ?

RACING WELFARE 

Racing Welfare's main activity is the provision of a counselling and advice service to beneficiaries who work in, or are retired from, the horseracing and thoroughbred breeding industry. The Charity also provides financial assistance, affordable housing and various services to promote healthy living and well-being among beneficiaries.
Analysis by Giving is Great

Positives:

  • The charity has received modest backing from several prominent grant makers recently
  • This charity has a robust balance sheet
  • There has been strong growth in spending over the last 5 years
  • The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

  • The Board is predominantly male

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £19,252,151 available, equivalent to 47 months of spending and so may not be able to utilise additional funding
  • On several occasions in recent years income has been less than spending
miles

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£4,269£4,952£-683£576£29,776£19,25246.657140
31/12/21£4,669£4,418£251£762£32,057£21,06257.252132
31/12/20£5,356£3,704£1,652£399£29,848£18,90961.34776
31/12/19£3,929£3,823£106£518£29,977£19,05959.84074
31/12/18£2,896£3,219£-323£443£28,016£17,49365.23761
31/12/17£1,829£2,673£-844£342£15,520£15,12167.9300
31/12/16£1,772£1,825£-53£311£15,890£15,530102.1280
31/12/15£1,869£1,433£436£372£14,540£14,308119.8250
31/12/14£1,779£1,330£449£410£13,344£13,135118.5220
31/12/13£1,490£1,411£79£402£12,553£12,367105.2230
31/12/12£1,958£1,955£3£418£21,679£13,97485.8230
31/12/11£1,750£1,810£-60£317£21,018£13,64890.5230
31/12/10£1,605£1,994£-389£274£21,822£15,98096.2220
31/12/09£1,746£1,778£-32£230£21,521£15,890107.2210
31/12/08£1,644£2,165£-521£161£20,229£15,23084.4200
31/12/07£4,100£1,673£2,427£367£23,705£22,327160.1210
31/12/06£1,472£1,484£-12£0£0£0n/a00
31/12/05£1,589£1,161£428£0£0£0n/a00
31/12/04£1,626£1,128£498£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 17.8%
Fundraising Costs/Total Spending: 11.6%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £110,000-£120,000
Liabilities/Assets: 8%
Liabilities/Income: 62%
Unrestricted Funds/Total Funds: 65%
Reserves/Spending: 46.6 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0.5
Asset Split ?
Established: 23 years

www.racingwelfare.co.uk

info@racingwelfare.co.uk

01638560763

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Accommodation/Housing
  • Education/Training
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Other specialist outpatient services
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides services
Where it operates
  • Throughout England And Wales,
Who it helps
  • Other Defined Groups
Who works here?
  • 57 employees
  • 140 volunteers

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.

Major supporters in last 5 years
Rank Foundation£20,000
National Lottery Community Fund£10,000
DCMS£6,295
Suffolk Community Foundation£5,000
Specific Donations
Amount When
Months		 To be used for
Rank Foundation - GOLDEN AWARDS RACING WELFARE 2022
£20,000 23/03/2022
The Golden Award was given to Racing Welfare to help their elderly beneficiaries especially those suffering through prolonged isolation and loneliness.
National Lottery Community Fund - Check in and Chat
£10,000 30/09/2021
The funding will be used to continue a Check in and Chat service. The project aims to reduce loneliness and social isolation and is a gateway to support services such as support for mental and ....more
DCMS - Coronavirus Community Support Fund
£6,295 09/09/2020
"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more
Suffolk Community Foundation - Enhancing the well-being of elderly people within the local community
£5,000 04/08/2020
11
To provide a Christmas social gathering and meal for the vulnerable older residents of Newmarket.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)
Current Trustees appointed
Gender Split
Based on 10/11 persons

Age Range of Trustees: 34-68
  • PAUL SWAIN Appointed: 2023, Occupation: Communications Manager
  • ROD STREET Appointed: 2016, Occupation: Chief Executive
Legal constitution
  • Charitable company registered in England & Wales on 08/12/2000, number: 1084042
  • Registered at Companies House on 28/11/2000, number: 04116279
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; all on time
Recent reorganisation events:
  • Asset transfer in from THE BENTINCK BERESFORD AND RENDLESHAM CHARITY on 20/12/2021
Main office

RACING WELFARE
20B PARK LANE
NEWMARKET
CB8 8QD

Objectives

THE OBJECTS FOR WHICH THE COMPANY IS ESTABLISHED ARE SPECIFICALLY RESTRICTED TO SUCH OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS ARE EXCLUSIVELY CHARITABLE AND IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING):2.1 TO RELIEVE POVERTY AND SICKNESS AND INJURY AMONG PERSONS EMPLOYED OR FORMERLY EMPLOYED OR OTHERWISE ENGAGED OR FORMERLY ENGAGED IN OR IN CONNECTION WITH THE HORSERACING AND THOROUGHBRED BREEDING INDUSTRY AND THEIR DEPENDANTS (THE BENEFICIARIES);2.2 THE ADVANCEMENT OF EDUCATION AMONG ANY OF THE BENEFICIARIES WHO ARE IN NEED;2.3 THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE PRIMARILY FOR THE BENEFIT OF BENEFICIARIES HAVING NEED OF SUCH FACILITIES BY REASON OF YOUTH OR INFIRMITY OR DISABLEMENT AS SPECIFIED IN PARAGRAPH (B) OF SUB• SECTION (2) OF SECTION 1 OF THE RECREATIONAL CHARITIES ACT 1958;2.4 THE ADVANCEMENT OF EDUCATION FOR THE PUBLIC BENEFIT BY THE PROMOTION OF RESEARCH INTO, AND OF PUBLIC AWARENESS OF, METHODS OF PREVENTION AND TREATMENT OF SICKNESS AMONG, AND OF INJURIES SUSTAINED BY, JOCKEYS, STABLE STAFF, APPRENTICES AND OTHERS LICENSED BY THE BRITISH HORSERACING AUTHORITY WHILE RIDING OR ATTENDING HORSES AND BY PERSONS ATTENDING HORSERACES OR THOROUGHBRED BREEDING ESTABLISHMENTS AND BY PUBLICATION OF THE USEFUL RESULTS THEREOF.2.5 TO PROMOTE AND PROTECT THE PHYSICAL AND MENTAL HEALTH OF BENEFICIARIES THROUGH THE PROVISION OF SERVICES, INCLUDING BUT NOT EXCLUSIVELY, COUNSELLING, SUPPORT AND PRACTICAL ADVICE.NOTHING IN THESE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005.

Defined Area of Benefit:

WORLDWIDE

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?
 The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
 Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
 In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more
Giving is Great
Share

LinkedIn

WhatsApp
Copy Link
×