Finance Score: -5

Governance Score: 5

Support Score: 7

Liabilities <10%: +3
Excess reserves: -5
Volatile income: -3

No conflicts policy: -1
Good trustee age range: +3
Dynamic board: +3

Grant maker support: +7

Overall GiG Score: 7

THE NATIONAL HORSERACING MUSEUM

To promote public interest in the preservation of all articles as are of historical or scientific interest in connection with racehorses and persons connected with racehorses. To enlarge the Museum's network of partnerships within the education, racing industry and museums sector to mutual benefit.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £13,825,096 available, equivalent to 103 months of spending and so may not be able to utilise additional funding
Income has been volatile recently

Established: 36 years
(42 years as a company)

www.nhrm.co.uk

accounts@nhrm.co.uk

01638667314

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
31/12/22		£1,656	£1,611	£45	£182	£18,058	£13,825	103	21	80
31/12/21		£1,812	£1,445	£367	£191	£18,288	£13,944	115.8	21	80
31/12/20	*	£1,908	£1,787	£121	£342	£17,488	£13,383	89.9	37	80
31/12/19		£2,364	£1,896	£468	£318	£17,678	£13,430	85	40	80
31/12/18		£2,240	£1,688	£551	£431	£2,643	£-79	-0.6	26	87
31/12/17		£1,327	£1,961	£-634	£593	£2,353	£-80	-0.5	31	0
31/12/16		£1,926	£1,740	£186	£583	£2,849	£461	3.2	36	0
31/12/15		£857	£961	£-104	£394	£1,569	£339	4.2	28	0
31/12/14		£893	£917	£-24	£390	£783	£284	3.7	27	0
31/12/13		£600	£653	£-53	£296	£750	£339	6.2	21	0
31/12/12		£563	£635	£-72	£302	£766	£364	6.9	18	0
31/12/11		£544	£566	£-21	£312	£819	£380	8.1	18	0
31/12/10		£700	£507	£193	£298	£851	£430	10.2	18	0
31/12/09		£384	£418	£-34	£0	£0	£0	n/a	0	0
31/12/08		£345	£408	£-63	£0	£0	£0	n/a	0	0
31/12/07		£425	£434	£-10	£0	£0	£0	n/a	0	0
31/12/06		£406	£454	£-48	£0	£0	£0	n/a	0	0
31/12/05		£363	£419	£-56	£0	£0	£0	n/a	0	0
31/12/04		£405	£405	£0	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 17.8%
Fundraising Costs/Total Spending: 12.3%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 1%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 77%
Reserves/Spending: 103 months
Net Current Assets/Spending: 5 months
Quick Ratio: 3.2

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides buildings/facilities/open space
Sponsors or undertakes research

Where it operates

Cambridgeshire, Suffolk,

Who it helps

The General Public/Mankind

Who works here?

21 employees
80 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
DCMS - Business Plan funding
£112,024	17/03/2022	£1.6bn invested in the key arts and culture infrastructure organisations in England for a 4 year period
National Lottery Heritage Fund - Grant to National Horseracing Museum
£153,400	07/08/2020	COVID19: National Horseracing Museum
DCMS - National Portfolio Organisation 2018 - 2022
£224,048	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
DCMS - NHRM Covid-19 Recovery Project
£154,481	01/04/2020	To support Arts and Culture throughout England
DCMS - NHRM Culture Recovery Fund 2
£166,562	01/04/2020	To support Arts and Culture throughout England
National Lottery Heritage Fund - Grant to National Horseracing Museum
£249,800	14/06/2018	National Heritage Centre, Palace House Commercial Resilience Project
ARTS COUNCIL ENGLAND - NPO 2018-22: Band 1
£220,000	01/04/2018 11	National portfolio organisation- are leaders in their areas, with a collective responsibility to protect and develop our national arts and cultural ecology.
National Lottery Heritage Fund - Grant to National Horseracing Museum
£1,000,000	21/05/2013	National Horseracing Museum Endowment Fund

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Age Range of Trustees: 38-71

ADAM SIGNY Appointed: 2022, Occupation: Solicitor

ANNETTE JULIE GREEN Appointed: 2019, Occupation: Corporate Finance

BRIAN PETER FINCH Appointed: 2020, Occupation: Non Executive Director

HON FRANCES CAROLINE STANLEY (Chair) Appointed: 2017, Occupation: Director, Other trusteeship: HEATHFIELD SCHOOL,

JOHN HENRY CHATFEILD-ROBERTS Appointed: 2019, Occupation: Fund Manager, Other trusteeship: THE BRITISH SPORTING ART TRUST,

JONATHAN BENSON Appointed: 2021, Occupation: Auctioneer

LADY JANE GROSVENOR Appointed: 2021, Occupation: Company Director

NICHOLAS EDWARD FRANCIS LUCK Appointed: 2020, Occupation: Broadcaster

PAUL TAIANO Appointed: 2020, Occupation: Chartered Accountant, Other trusteeship: THE BRITISH ACADEMY OF FILM AND TELEVISION ARTS,

PAUL OGBURN Appointed: 2022, Occupation: Retail Consultant

PAUL RICHARD LINDSELL Appointed: 2019, Occupation: Public Relations Consultant

Legal constitution

Charitable company registered in England & Wales on 19/11/1987, number: 283656
Registered at Companies House on 16/10/1981, number: 01592031

Gift Aid

Registered with HMRC for Gift Aid

Event History

10/11/2021 - Asset transfer in from HOME OF HORSERACING TRUST
30/10/2023 - Asset transfer in from THE FRIENDS OF THE NATIONAL HORSERACING MUSEUM

Policies in force

Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR20: 3 days late,

Recent reorganisation events:

Asset transfer in from HOME OF HORSERACING TRUST on 10/11/2021
Asset transfer in from THE FRIENDS OF THE NATIONAL HORSERACING MUSEUM on 30/10/2023

Main office

National Horse Racing Museum
Palace House
Palace Street
NEWMARKET
CB8 8EP

Objectives

The Museum's objects are restricted specifically, only for the public benefit to promote public interest in the preservation of all articles as are of historical or scientific interest in connection with racehorses and persons and places connected with racehorses and the art of other sports generally, principally through the running of the National Heritage Centre for Horseracing and Sporting Art at Palace House, and to preserve and care for the heritage and buildings making up the Palace House complex and in furtherance of this object.

Defined Area of Benefit:

NOT DEFINED

Data Sources