Finance Score: 3

Governance Score: 6

Support Score: 2

Low unrestricted reserves: -2
Positive trading contribution: +2;Accounts filed more than 5 days late: -2 times
Strong growth: +2
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +2

Overall GiG Score: 11

HEROS

HEROS aims to take in ex - racehorses and retrain and find new homes for them where they can flourish in new disciplines. HEROS also aims to raise the profile of the thoroughbred in general. HEROS provides education, training & work related opportunities for people wanting to work in either the racing or equine industries,including courses for special educational needs children and young people.

Analysis by Giving is Great

Positives:

More than half of total income was derived from trading and fees in the latest year
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
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 dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Established: 18 years

www.heroscharity.org

info@heroscharity.org

07770877543

Charity Commission for England and Wales

Tweets

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
31/03/23	*	£745	£695	£50	£28	£168	£167	2.9	9	2
31/03/22		£561	£564	£-3	£0	£118	£98	2.1	6	1
31/03/21		£613	£547	£65	£1	£121	£90	2	6	1
31/03/20	*	£511	£484	£28	£1	£56	£56	1.4	8	1
31/03/19		£414	£418	£-4	n/a	n/a	n/a	n/a	n/a	0
31/03/18		£289	£329	£-40	£0	£0	£0	n/a	0	0
31/03/17		£406	£371	£35	£0	£0	£0	n/a	0	0
31/03/16		£466	£473	£-8	£0	£0	£0	n/a	0	0
31/03/15		£333	£406	£-73	£0	£0	£0	n/a	0	0
31/03/14		£465	£319	£146	£0	£0	£0	n/a	0	0
31/03/13		£342	£370	£-28	£0	£0	£0	n/a	0	0
31/03/12		£408	£383	£25	£0	£0	£0	n/a	0	0
31/03/11		£395	£375	£20	£0	£0	£0	n/a	0	0
31/03/10		£452	£459	£-7	£0	£0	£0	n/a	0	0
31/03/09		£378	£397	£-19	£0	£0	£0	n/a	0	0
31/03/08		£285	£286	£0	£0	£0	£0	n/a	0	0
31/03/07		£95	£95	£0	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 7.9%
Fundraising Costs/Total Spending: 4%
Highest pay band: Less than £60,000
Liabilities/Assets: 54%
Liabilities/Income: 26%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.9 months
Net Current Assets/Spending: 4 months
Quick Ratio: 0.8

Asset Split ?

Listed activities

Animals
Education/Training

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

9 employees
2 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.

Specific Donations

Amount	When Months	To be used for
CAF - Grant to HEROS
£4,500	15/06/2020 3	Grant to HEROS to support the organisation through COVID19
Garfield Weston Foundation - Main Grants award
£15,000	18/06/2019	HEROS Education

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 30-89

ANNE HAZEL RICHARDSON (Chair) Appointed: 2006, Occupation: Govt Official

ANDREW MCGONNELL Appointed: 2021, Occupation: Veterinary Surgeon

CATHERINE O'NEILL Appointed: 2023, Occupation: Senior Manager

HANNAH ELIZABETH DORLING Appointed: 2023, Occupation: Insurance

LAUREN MINCHIN Appointed: 2023, Occupation: Website Communications

MRS JILL SUTTON, Occupation: Retired

MR R PHILLIPS Appointed: 2017, Occupation: Race Horse Trainer

VICTORIA HOPGOOD Appointed: 2014, Occupation: Solicitor

Legal constitution

Charitable company registered in England & Wales on 10/07/2006, number: 1115174
Registered at Companies House on 18/01/2006, number: 05679136

Gift Aid

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
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

17 returns made; AR23: 34 days late, AR20: 10 days late,

Main office

The Swallows
North Farm Stud
Fawley
Wantage
Oxon
OX12 9NJ

Objectives

3.1 TO PROMOTE THE WELFARE AND REHABILITATION OF RACEHORSES AND FORMER RACEHORSES AND OTHER HORSES WHICH ARE UNWANTED OR VULNERABLE TO ABANDONMENT, ABUSE, MISUSE OR NEGLECT, OR OTHERWISE IN NEED OF CARE AND ATTENTION, IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) BY MEANS OF RETRAINING AND REHOUSING.

Defined Area of Benefit:

NATIONAL AND OVERSEAS

Data Sources