2020-12-31-accounts

			K
General	Fund		289,597
Restricted Funds
	Racing to School Education	Prograrnrne	728.442
	Racing Together		t8,455
Total			10364II4

					General	Restricted	Total	Tolal
					funds	funds	2020	2019
					5	5	5
Income
Do nations and legacies					756	270,266	271,642	296,406
Income from charilabls scfrvitiss
Fundraising granls snd	other					195,298	245,073	367,929
In vestment income
Bank interest					2,071	4,682	6,653	7,419
Total Income					52,602	470,166	522,768	671,754
Expenditure
Expsnditum on chantabla	ac9vtgas:
Grants and educational	adivitiso				10,737	389,018	399,7SS	430,565
Cost ofgenerating voluntary						42,197	42,197	62,344
conbibuticns
Total expenditure				5	10,737	431,215	441,952	492,809
Nat income i(expenditure)					41WS	38,9S1	80,816	178,845
T ran sfam between funds					(49,775)	49,775
Nat income f (expenditure) ~t in funds for the year		snd	nal	74	(7,910)	88,726	80,816	178.845
Total funds brought forward				74	297,607	658,1'71	9SS,678	776.833
Total funds carried forward				74	289,597	746,897	1,036,494	955,678

		Year ended	Year ended
	Afore	31 Deoember2020	31 December 2019
Flseri assets
Tangible fixed assets	10	3,213	6,154
Current assets
Debtors		16,600	12,202
Cash and cash equivalents		383A02	339,999
Investments	12	621,610	616,625
Total Current Assets		1,220,612	1,168,826
Llsbififies
Creditors falling due within one year	13	(187mt&	1219,302)
Net current assets		1,033~1	949,524
Net assets		1,036r494	955,678
Funds
Verestricted income funds	16	289,697	297,507
Restricted income funds		746,897	658,171
Total charity funds		1,036,494	955,678

The average weekly number af persons (excdudin during the period was 10(2019:10).	g Trustees) employed by the Ra	cing to School
	2020	2019
		2
Stslf costs (for the above persons)
Wages and salaries	300,830	294,027
Social security costs 0lber pension costs	26,292 24,212	26.101 22,234
	351,334	341,362

alysis of	in	co	me
						2019
						2
Donations	and		legaclesr
-HBLB					260,000	260,000
-Donagons					21,042	35.406
-Legacies						1,000
Income from		charhable		activiees
-Fundraising		and grants			240414	324.464
-Other Incoming			resouroes		4,859	43,465
Investment	Income
—Bank interest						7,419
Total					522,768	671,754

alysis	of	costs o	fcharitable activities a	fcharitable activities a	nd generatin	nd generatin	g voluntary	contributions
			Activities		Grant		Support	Total	Total
			undertaken		funding		Costs	2020	2019
Activity			directly		ofactivities
				Note 6 f	Note	7 f	Note 8f
Funding	allocation
Racing	to School		258,406				82,755	341,181	391,472
education programme
Racing	Together			51,914			38,140	90,054	88826
community		engagement
Total			310,320				120,895	431415	480,298
Governance		costs	Note 9				10,737	10,737	12.611
Tote I			310,320				131,632	441,952	492,909
alysis	of	activities undertaken		directly
			Racing	Together	Racing to		Sohoai	Total	Total
					educagon			2020	2019
					programme
Staff coals				43,839			175,196	219,035	215,301
Printingrdeveloprnent							1,000	1,000	10,774
Vehicle	costs						19,681	19,681	11,426
Programme		delverr		8,075			14.948	23,023	57,227
coals
Other ccats							5,384	5,384	4,212
Fundrai	sing	IPR					42.197	42,197
Total				51.914			258.406	310~	361,284

Allocation ofsupport cos	ts and overheads
		2020		2019
	Racing	Racing to
	Together	School
		Education	Total	Total
	f	programmef	f
Ralf costs	32,876	66,746	99,624	93,410
Property coals rr	2,136 284	4,342 577	6,480 801	6,640 2.363
Office ccats	290	586	878	2.810
Vehicle coals	1,810	3,676	5,488	5,942
Staffdevelopment Travel P~al material	50 239	1,242 485 435	1,292 724 435	2,395 533
Database		3,744	3,744	1,479
Depreciation	453	920	1,373	1,442
	38.140	82,755	120,898	119,014

Governance costs
		Year ended	Year ended
		31 December	31 December
		2020	2019
Net~outgoing)	resmeem Isstated sfhsr sherglngt		2
Auditcgs remunersgcn:
Statutory audit		6,700	6,000
Other fees
Legal advice and insurance		2,392	1,413
Consultancy services		2,400	2,400
Truslae expenses and rneegng costs		245	2,798
		10,737	12,611

fixed assets
	Computers	and	Total
		other
	equipment 2
Cosf
At 1 January 2020	19.728		19,728
Addilicns		222	222
Diepcsa le
At31 December 2020	19,950		19,960
Depreciation At 1 January 2020	13,573		13,573
Charge for the year		3,164	3,164
Dispose le
At 31 December 2020	16.737		16,737
Hef book value
At 31December 2020		3,213	3,213
At 31 December 2019		6,154

Debtors
			2020	2019
Trade debtors			2,754
Other debtors			9,812	2,426
Prep ayme itis	ertd accrued	iirto roe	3,034	9,776
			15,ISDD	12,2D2

Investments
			2019
95day nobce account		447,808	442,923
120day oogce accouitt		S02	302
3year flexible term deposit		373r400	373,400
		a21,510	516,625
Creditors: amounts	falling due within one year
			2019
Other creditors		88,S18	106,5D8
Aocruals eod deferred	Income	118,913	110,794
		187,231	219.302

Reconciliation ofmove	ment ln accum	ulated fund	s
	Fund					Fund
	balances				Gains	balance
	brought	Incoming	Outgoing		encl	carried
Fund Name	forward	resources	resources	Transfers	basses	forward
General Funds
General	297.507	52,602	(10.737)	(49,775)		289,897
Restricted Funds
Racing to School Education	642,057	383,082	(346,472)	49,775
P rag ram ins
Racing Together	16.114	87,084	(84.743)			tge466
	955.678	522,766	(441.952)			1,036A94

			General	Restricted	Total
			fundsf	fundsf
Fixed assele				3,213	3,213
Cash at	bank	and investtnents	292,747	912,165	1,204,912
Other current		assets	2,850	12,750	15,800
Current	liabililies		(6.000)	(181,231)	(187,231)
				748,897	1,038,494

At 31 leases	Deoernber 2020 Racing to Sc as fofiows:	hool had total	cornmitrnen
		2020	2019
		Motor	Motor
		vehiclesf	vehldes
Expiring	within one year	18,951	16,815
Expiring	between one and five years	25464	23,468
		44,415	40,283

etailed	below
			Bates6Recherges	to	Administrsgvs	expenses	incurred
						from
			2020	2019	2020		2019
British	Horserscing	Authority	13,615	92,250	350,057		411,535

			Receivables	outstanding	Creditors	outstanding
			2020	2019	2020		2019
British	Horserscing	Authority			66,122		106,832