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Racing to School
(a company limited by guarantee)
Annual report
Registered charity number 1040590
Registered number 02958174
31 December 2024

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Racing to School
(a Company limited by guaiaiilee)
Annual report
Registered number- 02958174
Contents
Page
Structure, governan￿ and management
Report of the Trustees
14 Statement of Trustees. responsibilities
15 Report of the independent auditors to the members of Racing to School
18 Statement of financial activities
19
Balan￿ sheet
20
Notes

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
Structure, governance and management
Racing to School is a company limited by guarantee under a Memorandum of Association dated 12 August 1994
(Registered in England and Wales under company no.. 02958174). Racing to School is also a registered charity
(Registered charity no.. 1040590).
All Trustees as at 31 December 2024. who are members of the company, have undertaken to contribute a sum
not exceeding £1 each to meet the liabilities of the company in the event that it is wound up.
Members
The Membership of the Company allows for up to ten persons in total, appointed in accordance with the following
provisions..
a) One person shall be appointed by each of the bodies noted below (provided that the persons appointed
shall not be an employee of the body which appoints them) (Article 5a)-
the British Horseracing Authority
the Racecourse Association
the Thoroughbred Group
b) Up to seven co-opted members shall be appointed by the board (Article 5b)
c) Members shall be appointed for a period of up to three years, and upon expiry of such period shall be
eligible for re-appointment upon the same terms by the body which appointed them (in the case of
members appointed under Article 5a) or by the Board (in the case of members appointed under Article
5b}. Members who are not so re-appointed. or who are disqualified as members under Article 8, shall be
replaced by the respective appointing body. Members who are also directors shall not be entitled to vote
at Board meetings in relation to their own re-appointment under Article 5b.
All newly appointed Trustees undergo an induction programme and re￿1ve a Trustee Handbook.
Trustees and directors
The Trustees of the charitable company are also the Directors of the company for the purpose of the Companies
Act 2006. The Memorandum of Association states that certain organisations must be represented on the Board.
These organisations put forward possible candidates to the Chairman of the board who are then elected, if
appropriate.

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
The Trustees of Racing to School between 1 January 2024 and 31 December 2024 were as follows:
Organisation
Independent Trustee
Independent Trustee
Independent Trustee
Independent Trustee
Independent Trustee
Racecourse Association
Date of appointment
30 May 2017
21 September 2020
2 December 2020
Date of resignation
Michael Andrews (Chair)
John Baker
Anna Lisa Balding
Paul Brewster
25 March 2019
Camilla Dutton
16 August 2023
2 December 2020
British Horseracing Authority 22 February 2017
Independent Trustee
16 August 2023
Thoroughbred Group
(fonnerly Horsemen's Group) 26 June 2018
Independent Trustee
30 May 2017
Day to day management of the charity is delegated to the Chief Executive, John Blake.
Jacqueline Greet
Andrew Merriam
Andrea O'Keeffe
Kevin Parsons
Clive Wisby
Registered address
7th Floor
Holborn Gate
26 Southampton Buildings
London
WC2A 1AN
Professional advisers
Bankers
Weatherbys Bank
Sanders Road
Wellingborough
Northamptonshire
NN8 4BX
Solicitors
Royds Withy King
Cross Keys House
27 The Parade
Marlborough
SN8 1NE
Auditors
James Cowper Kreston Audit
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
Report of the Trustees
for the year ended 31 December 2024
The Trustees present their report and the audited financial statements for the year ended 31 December 2024.
The annual report and financial statements of the company comply with current statutory requirements, the
requirements of the company's goveming document and the provisions of the Statement of Recommended
Practice (SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Organisational structure
Chair
Trustee Board
Chief Executive
Senior Finance
Business Partner
Racing Together Subcommittee
Nominated Trustee Chair
Education Programrne
Manager
Fundraising &
Communications
Manager
Community
Engagement Manager
Regional
Education OffI￿r
Communitations &
Events Executive
Education Programme
Facilitstor IPT) xl
Sessional Staff
Objectives and activities for the public benefit
Objectives
The objectives for which the charitable company is established are:
To advance the education of the public in the subject of horseracing and thoroughbred breeding including by way
of designing, developing and delivering education and training courses, promoting and advancing vocational
education, training, volunteering, well-being, employability and community engagement programmes (in each
such case for charitable purposes)-
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the charitable company's aims and objectives and in planning future
activities.
To help Racing to School achieve its mission the following strategic objectives were determined as the main
targets in 2024..

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Annual report
Registered number.. 02958174
To continually develop. implement and evaluate- intemally and extemally- education programmes for
the benefit of an increasing number of young people in association with the racing and thoroughbred
breeding sector.
To financially support existing and new programmes in line with its charitable objectives.
To further embed and progress the Racing Together partnership and provide a ￿ntral resource for the
sport of horseracing in support of its community engagement.
To maximise resources and operate as a quality employer and encourage best practice.
The priorities identified to achieve these objectives included:
To deliver Racing to School Programmes that give a wide cross-section of young people nationwide an
opportunity to enhance their school and college studies and improve their knowledge about the sport
as a potential employer. This is achieved through active. outdoor leaming engaging many facets of the
racing and breeding industries.
To work with Trustees, intemal and extemal stakeholders to review the design and delivery of the
programmes.
To develop and train a small fundraising function to help secure funds within and outside the industry in
support of the delivery of Education, Career and Community-focussed Programmes.
To work alongside stakeholders and other relevant bodies to ensure Racing Together's contribution to
the sport and its leadership in enables and showcases community activity.
To improve and innovate across communication channels to raise awareness of the charity's work and
impact, and its case for support.
To ensure the Trustee Board remains effective with a balan￿ of relevant skills and access to timely
and relevant information. To offer training and build capacity to support Trustees and engage them as
required through delegated committees and any additional Board activity that may be needed.
To maintain professional and eXperIen￿d financial. HR and, as applicable, legal support through an
agreed Memorandum of Understanding with the British Horseracing Authority.
Principal activities
The charity delivered two national Programmes in 2024.. the core education activity days - the Schools,
Programme - and the Riders, Programme. which is focused more on the sport's training and career
opportunities, which is fundamental to the Pony Racing Pathway partnership. The combined 2024 programme
delivered another record year of participation:
A total of 456 Racing to School events for 17,038 young people was delivered against a target of
415 events and 16,500 participants.
311 Schools, Programme events were staged, engaging 12,576 young people, 26 events ahead of
the plan of 285 with engagement exceeding the target of 12,100 participants.
Riders. Programme activities totalled 119 events benefitting 3,547 participants. which was 19
more than planned and ahead of the set participation target of 3,400.
The charity delivered a mix of 25 additional learning and community events for a total of 915
participants, slIgh￿Y below the plan for 30 events and an engagement target of 1,000. These events
are largely dependent on partnerships, and the yearfy target provides headroom in the planning to
accommodate organic events and requests from stakeholders and other partners for support that may
be made during the year.

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
The Racing Together programme for the year was shaped to offer leadership and support to the sport's
continued efforts to help its communities. Expanded details of the 2024 activity are included later in this report.
Alignment with other industry strategies and workstreams ensured that Racing Together contributed to. and was
a valuable asset to wider industry needs. including the strategic work undertaken by the Horseracing Industry
People Board and the developing work of a Social Impact Strategy, both led by the British Horseracing Authority
(BHA). Strengthening the communication channels and activity of Racing Together was prioritised. with the
website providing the central information hub for the sport's Diversity in Racing Advisory Group, and the portal
for the stakeholder Directory of Community Engagement and Education Activity. The website carries a unique
mix oftimely news. features and a range of other reSoUr￿S aimed at supporting industry partners and as a public-
facing overview of work and impact in this area.
Public Benefit
Access to participation in the national Racing to School education programme is unrestricted within the
budgeted resources of the charity, though for most of the activity, the locations of beneficiaries and their proximity
to suitable racing-related venues is an identified barrier to participation in the main programmes.
Targets are set for unique educational and careers-focused interventions for schools in inner city, deprived and
disadvantaged areas, including provision for pupils with special educational needs andlor disabilities within
mainstream and special schools. Benefits arising from participation are many and diverse, including specific help
with relevant curriculum subjects. increased motivation and raised levels of understanding through enriched
studies. The programmes aim to support young people's social and emotional education, combined with physical
wellbeing intrinsic to the settings and construction of mainly outdoor activity leaming. Appropriate to participants.
age, informed access to the range, associated training routes and guidance to career opportunities within the
thoroughbred racing and breeding industries are embedded across the programmes.
Of the 195 individual schools and colleges the charity partnered with throughout the year, 230/0 of those that
participated are located in inner city. rurally isolated or deprived areas. Representative data shows that 14 % of
young people engaged are from ethnic minorities- 60/0 have Special Educational Needs andlor Disabilities
(SEND)- 100/0 have English as an Additional Language (EAL), and 260/0 are eligible for Free School Meals (FSM).
The charity leads Racing Together's work. consisting of an open partnership of varied organisations-
charitable and commercial - active in community engagement within and outside the sport.
The mission is to instigate, enable, support, measure and communicate the sport's varied and positive impact
on the communities in which it operates, through partnerships and alignment with relevant industry strategies.
Strategic report
Trustee Board and Staffing
At the end of 2024, the Trustee Board numbered 10 members. the maximum allowed in the Board's governing
documents. Michael Andrews continued in his role as Chair throughout the year. The Trustees are appointed to
a three-year term, capped at a total of nine years.
Appropriate guidance and updates were given to the Trustees conceming their duties and the expectations upon
them in their role in support of the charity's objectives. and more generally from the Charity Commission.
All full-time and part-time permanent staff roles remained as in previous years and the charity's programme
delivery was supported by a team of trained 'sessional' employees.
Racing to School is grateful to its Ambassadors from across the racing industrywho offersupport in several ways,
such as enhancing the impact of our delivery days and in raising awareness of the charity's mission through
various communication platforms. In 2024, leading Irish jockey Rachael Blackmore agreed to be the first
recognised Intemational Supporter of the charity.

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
Communications and Donor Management
The charity's work and impact were supported through a range of internal and external communications. and it
received media coverage throughout the year - through TV, radio and podcast coverage, and in print and on-
line. A growing presence on social media platforms is constantly adapted to reach a range of audiences around
awareness and fundraising goals. and to share impact and extend educational and community outreach work.
The media footprint is logged and reported alongside specific benefit-in-kind donations received. such as horse
race titles being assigned to the charity by racecourses and the provision of private rooms free of charge to
beneficiary groups attending activity days. which the charity is very grateful to receive.
The CRM system tracks event activity and supports donor management processes across a range of grant givers,
trusts, racecourses, schools and other donors and industry partners.
Education Programmes
The free and unique Racing to School Education Programme is made possible through generous voluntary
donations.
The aims of the charity's Education programme in 2024 were to:
Deliver a positive impact on young people's leaming, helping them to develop their knowledge, skills,
confidence and interest
Increase young people's enthusiasm for and understanding of the racing and breeding industries
Improve young people's awareness of and interest in employment opportunities available within both
industries
Support the industry's role in driving social benefits within local communities and with opinion-formers
and influencers across Britain.
All the primary aims and objectives that were set out for the Education Programmes in 2024 were achieved. The
charity was able to exceed its participant target and each of the key participant measurements was met. so too
the expectations of teachers in terms of planning, organisation, content and delivery of the programme. It can be
reported that 100 % of the polled teachers and teachers, assistants agreed that they would be interested in future
events provided by Racing to School.
Regular evaluation is undertaken to ensure that activities complement the developing school Cu￿1cUla and
wider education priorities from school to national level. Cross-cutting themes are woven into programme
activities where appropriate (such as health and wellbeing, the environment etc). Of those teachers surveyed in
2024, 1000/0 agreed (with 980/0 agreeing strongly) that the programme had enriched pupils. learning, and 88010
agreed that their event will improve pupils, perceptions of their school subjects.
The charity's programmes are attuned to the needs and priorities of the wider horseracing industry and its
commitments to staff recruitment and retention, safeguarding, and diversity and inclusion. Highlighting potential
career opportunities available within the industry was regarded as successful by 98 % of teachersllecturers who
confirmed that their students were better informed following engagement with a Racing to School activity.
The Riders, Programme worked with a growing number of equine college partners across the country.
During the year. 48 Equine College days were held that benefitted 1.650 students. These events included 16
college visits, 29 racedays and five studlstable visits.
The charity is very grateful to the studs and stsbles that allowed the students to go behind the scenes and learn
about life within a busy racing, training or breeding facility- The evaluation supports the growth of this
programme in recent years. Of the young people who took part in events. 88 % had not previously considered a

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Racing to School
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Annual report
Registered number.. 02958174
career in racing. After their event, 96 % agreed that they now have more knowledge about the industry and 86 /
knew more about the potential careers within horseracing. From this, 100 % now have a better (or the same
positive) opinion of horseracing. and 76 % confinned that they would now consider a career in the industry. This
data is broadly consistent with past years when less activity was delivered.
The instructorsltutors involved in the programme in 2024 felt that their students had received a positive
experience, and all agreed that their own knowledge had increased about the horseracing industry and the
potential career opportunities. Engaging with the college organisers helps extend the impact and reach of the
charity's activity through their knowledge transfer to students unable to attend and preliminary work with other
year groups in the future.
All college leaders confimied that they are now able to support their students and would actively encourage
them to pursue a career pathway in the sport. The charity is aligned with the BHA'S Careers in Racing team to
present updated training and careers, advi￿ and provide signposting to the main training providers.
The charity fomed a Teachers Advisory Group (TAG) in 2023, with representatives from primary, secondary
and special educational needs schools, so too representatives from the Board Trustees with specialist
experience in this area. The objective of the group is to provide professional insight from the sector, as it relates
to the applicability and accessibility of the charity's programmes and materials, evaluation, and the changing
needs of young people in educational settings.
Beacon Programmes
The charity works in partnership with all ra￿cOurseS in Great Britain and they are considered beacons for the
various groups of young people in their community who attend activity days, and when they may return to enjoy
a day's racing independently of their schools or colleges.
Two specific and long-standing Beacon Programmes engaging schools, focus on providing an enriched multi-
activity programme that involves outdoor and in-school learning, in collaboration with a range of partners. The
ninth academic year of Aintree Beacon Programme was supported by funding from the Horserace Betting Levy
Board. Global breeding and horseracing operation, Godolphin has kindly funded the Newmarket Beacon since
it commenced at the start of the 2016 academic term. Both Programmes will celebrate their 10th anniversaries
in 2025.
The Aintree Beacon engaged around 1.000 pupils across one High School and three associated Primary Schools
local to the racecourse.
The programme reached 930/0 of its annual engagement target (240 primary pupils and 880 in secondary).
There were 13 inclusive educational events held across the year, with three visits to primary schools, two event
days at Maricourt High School, plus eight non-raceday activity days at Aintree Racecourse, including the very
popular Pony Education Days.
The Newmarket Academy Godolphin Beacon Project continues to engage all year groups at the school in
various activities, ranging from careers speed dating to a sculpture masterclass, and a visit to Newmarket
Racecourse for pupils to enhance their understanding of the hospitality and leisure industry and its career
opportunities within the sport.
The popular Dubai Future Champions Education Week. involving many inter-related racing organisations based
in Newmarket was delivered as usual in October for the full Year 8 cohort. with part of the multi-activity event
covered by ITV Racing and BBC Look East.
The charity continued to support a wider community and education project involving Go Racing in Yorkshire
and its member racecourses and other industry assets in the region.
Additional Projects
Racing to School was pleased to partner with Jockey Club Racecourses to deliver the second 'Festival
Monday, event. a special beh1nd-the-S￿neS experience engaging 75 Primary school pupils from five local

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Annual report
Registered number.. 02958174
schools. The day aims to connect the local community with Cheltenham racecourse and to foster a positive
relationship with the Cheltenham Festival. The second 'Leger Wednesday,, inspired by the success of the
Cheltenham event, ran again in September. delivered in collaboration with Arena Racing Company. Its purpose
is to share the importance and history of the St Leger ra￿ meeting to the town of Doncaster, with 60 local Year
6 pupils in attendance. These two events are now established within their host racecourses to showcase to
young people in their communities how they prepare for critical annual race meetings. Both these events were
scheduled in 2025 to engage a new cohort of young people.
The charity manages the delivery of the Newmarket Primary School Programme - Under Starter's Orders -
which engages 13 schools across different learning opportunities at industry venues, exploring the impact and
history of the sport on the town. The programme is kindly supported by Newmarket Racecourse, Jockey Club
Estates and Godolphin.
The Pony Racing Pathway Project is a collaborative five-year programme with the Pony Racing Authority,
The Pony Club, BHA'S Careers in Racing team and Racing to School. The Programme offers a formal pathway
into the horseracing induslry for young people through pony racing. In 2024, its fourth year of operation, Racing
to School delivered a total of 38 events (30 Horse and Pony Racing Introductory Sessions and 8 Pony Club
Careers Racedays) and supported a further 15 events (2 Taster Days and 13 Training Days) within this project.
Supported by the funder, the Racing Foundation, the Pathway provides an inclusive opportunity for young
people to get involved, welcoming those without any previous connection to the sport, as well as competent
riders. The main objective of the programme is to develop riding skills. The partners agree that the exposure of
all participants to the wider industry contributes to a new level of understanding for young people. which in turn
supports the sustainability and relevance of the sport.
The fourth year of a partnership with the Racing League team competition involved attendance by the charity
at each of the six unique fixtures run at racecourses nationwide. The team offered riding tuition on the popular
racehorse simulators to many family groups. An in-school maths event at Trevelyan Middle took place to help
launch the 2024 version of the competition and included a Q&A with jockey Elisha Whittington. As a key
contributor to the fourth National Racehorse Week.a record 10 school trips were delivered throughout
September by our team to training yards as part of the industry's efforts to increase understanding around
horse welfare and bring the sport closer to the public.
The charity is asked on a regular basis to support complementary events for partners. such as racecourse family
days, county fairs and open days to offer a fijn. memorable insight and educational experien￿ for attendees.
Racing Together
Racing Together is the racing industry s collective community engagement and education initiative, comprising a
range of activity carried out by charitable and commercial organisations- within and outside the sport- that use
their resources to benefit others.
Racing to School took over the strategic and executive leadership of the Racing Together partnership in 2017.
The charity's work in this area has been supported in recent years by the HBLB on an annual Grant basis.
Additional project-focussed funding has been secured from other partners.
The Racing Together initiative is an important focal point for the sport's multifaceted interactions with its
communities, which forms part of its social licen￿. Providing a unique platfonn for community engagement and
working as an enablerfor new programmes. sit alongside its role as a central resource to the industry in this area.
Racing Together is also the official communications hub forthe British Horseracing Authority's Diversity in Racing
Advisory Group.
Staffing and Subcommittee
The role of the dedicated Community Engagement Manager reports to the charity's Chief Executive and is
responsible for day-to-day activity, including the secretariat function of the Racing Together Subcommittee. The
delegated Subcommittee reports to the Board and is chaired by a Racing to School Trustee and consists of a
skills-based and diverse team of industry professionals who are passionate about community engagement and
education activity across the sport. The Group was chaired during the year by Trustee, John Baker. as nominated

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Registered number.. 02958174
by the Board. Other Subcommittee members are Jacqui Greet (Trustee). Georgia Dingle. Tim Williams. Grant
Rowley. Rory Palmer; Maddy Playle. Paul Swain, Kate Freeman. John Blake (CE) and Lucy Gumey (CE
Manager). Morag Gray stood down from the role in 2024 and Kate Freeman left her role at British Horseracing
Authority so also stepped down.
Lucy Gurney ended her matemity leave in November 2024 and Alex Shaw concluded his maternity cover role at
the end of De￿mber 2024.
Overview of Racing Together's purpose:
Measure and communicate the scale. benefits, and importance of community engagement to
beneficiaries, and in support of racing's long-tenn sustsinability
Pilot. support and develop emerging programmes across the sport
Improve and showcase best practi￿. utilising relationships with other sports and their relevant
experiences
Invest in key events to support and inspire the related efforts of partners working across community
engagement
Through a delegated subcommittee, assess the value and effectiveness of Racing Together, and
collate data and evaluation to infomi and support wider industry strategy.
Strategic Objectives in 2024 included a focus on raising the profile of Racing Together, strengthening its position
as the industry's hub and lead communicator of community engagement and education activity, and its alignment
with and support of relevant activities and emerging industry strategies. Growing the independent website, and
other communication channels was also a key aim. Racing Together also seeks to showcase similar activity
delivered by international partners.
Overview of Racing Together activity in 2024:
The second Racing Together Industry Day took place in February 2024, hosted by Chester
Racecourse. Over 120 guests, speakers and hosts both from within and outside of racing met to
discuss the day's theme: "New Routes, New Solutions. why community engagement can no longer play
it safe". Former Labour MP Conor McGinn gave the keynote address.
The event originated to expand upon the successful biennial 'Masterclass' events that were more
focused on racecourse partners.
Racing Together Community Day: racing's national day of employee volunteering was held in May 2024,
maintaining its growth trajectory. with 80 racing organisations offering over 700 hours of time through a
range of volunteering activity nationwide.
Racing Together continued working alongside Go Racing in Yorkshire to support the Yorkshire Beacon
programme. which was taken forward by the nine member racecourses. Go Racing in Yorkshire won a
Racecourse Association Showcase Award. the independently-judged Racing Together Community
Award for its work as part of the Beacon, specifically combining to expand Bowel Cancer screening
across the nine Yorkshire racecourses in partnership with local NHS Trusts.
As a partner with National Racehorse Week. the charity helped to widen the focus of its community
engagement in its fourth year.
A strong partnership has been developed with the Thoroughbred Industry Employee Awards. sponsored
by Godolphin with the charity supporting nominations and showcasing finalists.
Racing Together is allied to the BHA'S Diversity in Racing Advisory Group and supported them to deliver
campaigns around Pride Month. International Women's Day. and Black History Month.
The popular Racing Together Webinar series engaged a range of voices on topics across and outside of
racing relating to community engagement and education activity. The third series, consisting of three
episodes. took place be￿een October 2023 and April 2024. Series four began in November 2024.
Further investment in the website {www.racingtogether.co.uk) and other platfonns offered the growing
partnership ofcharities and other organisations a shop window to raise awareness and to evidence social
impact to racing's customers, business partners, political leaders and the media. The dynamic news and

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Registered number.. 02958174
information hub is a resource for the sport to pool its activities. upcoming events and ambition to help
others. Regular email updates are provided to a growing online subscriber base.
Racing Together works closely with a range of organisations and looks to align with relevant industry strategies.
Key partners remain the Racecourse Association (RCA), BHA public affairs team, Great British Racing (GBR)
and stakeholders and charities working across the sport in support of local and national communities. Beyond
the sport of horseracing, the Sport for Development Coalition, the Sport and Recreation Alliance and other large
sports bodies, such as the Premier League, EFL (English Football League) Trust are valued partners.
The charity is a key member of the Racing Charities. Group that comprises the sport's main people and horse-
focussed not-for-profits. The Group met at intervals throughout the year to discuss relevant industry issues and
developments. while sharing insight and resources. The Racing Together website carries information about the
Group's aims and membership.
Future Plans
Workstreams and priorities in 2025 shall include=
Working alongside the BHA and other industry partners to define, implement and sustain a wider and
targeted Social Impact strategy on behalf of the sport
Supporting the relevanl recommendations of the Horseracing Industry People Board strategy
Ongoing assessment of resource with possible expansion of the delivery team and appropriate training
for existing staff
Assimilating the guidance of the Teachers, Advisory Group to seek areas of improvement across the
charity's Education Programme
Working with charity partner New Beginnings to explore combining resources to create opportunities for
beneficiaries to interact with retired ra￿hOrseS through a new Beacon project
Maintaining current Racing to School participation numbers as a minimum, with a focus on growth,
through targeting new partnerships and supporting other organisations and their complementary
programmes
Supporting the work of the Pony Pathway stskeholder group in its frfth year and undertaking planning for
the future funding of this important programme
Contributing to the Racing Charities, Group, designed to improve the effectiveness and communication
within the sector and as a strategic ally to the wider industry
Working with the charity's refreshed Ambassador team to meet shared objectives
Reviewing the membership of the delegated Racing Together subcommittee to maintain its effectiveness
and diversity of input; target resources to maximise impact of a range of programmes and their
beneficiaries. and expand communication channels to showcase the breadth of related work and impact
Seeking new collaborations to pilot. which meet the needs of community beneficiaries, objectives of
funders and the sport
Delivery of the third Racing Together Industry Day building on the experience and feedback of previous
events and with the support of the current commercial partner
Supporting the employee volunteering for Racing Together Community Day in May
Concluding the latest webinar series and using outputs to inform actions to support industry needs., and
plan future topics and new panels to inspire discussion and action
Growing audiences across communication platforms. with a particular focus on social media
Working with the RCA to evaluate and promote a new racecourse survey of community activity
Sharing support and insight with intemational partners aligned to the charity's work
Recognising significant milestones for the charity, namely Racing to School's 250,OOOth participant sin
the programme's inception in 2001, so too the 10th anniversaries of both the Newmarket and Aintree
Beacons. The charity will also look ahead to its 25° anniversary in 2026.
10

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
Fundraising Outlook
For Racing to School's programmes to maximise their impact for beneficiaries, the charity relies on the
collaboration, goodwill and enthusiastic participation of industry partners, in particular funders
both
financial and benefit in kind.
Throughout 2024, there was a focus on seeking new funds to diversify income sources as wherever
possible and this strategy, including new recruitment, has strengthened the charity's financial position
and outlook. Investments were reviewed to maximise income at a time of increasing interest rates, which
helped offset some of the operational challenges caused by rises in inflation.
Racing to School was grateful to receive payments from the Horsera￿ Levy Betting Board (HBLB) again
in 2024 across its activities, with new funding now agreed to December 2025.
The Racing Foundation kindly provided continuity funding for some ofthe costs of 10 Schools, Education
Programme events for schools from inner city and disadvantaged areas" so too organisational
development and equipment for programme delivery.
The Sir Peter O'sullevan Charitable Trust kindly supported the charity's Schools. Programme for a sixth
consecutive year.
The charity has seen a steady growth in donations from beneficiary schools and colleges; similarly, many
racecourse partners, including The Jockey Club, Arena Racing Company and independent racecourses
continued both financial support alongside indispensable benefit-in-kind, and additional commitment
through race titles and other activity in support of the charity's groups of young people.
Otherfunders that supported the charity, include the Gerald Leigh Charitable Trust" John pear￿ Racing.,
The Tote; Racing League; The Childwick Trust" Jock and Mary Elliot Memorial Trust, Venatour and The
Good Racing Company.
Environmental Reporting
Effective from 1 April 2019, The Companies (Directors. Report) and Limited Liability Partnerships (Energy and
Carbon Report) Regulations 2018 introduced the requirement for annual energy and carbon reporting. There is
no mandatory requirement for the charity to comply with the environmental reporting regulations and these have
been voluntarily adopted. We have applied the financial control method. Greenhouse Gas emissions are set out
below.
2024
2023
Units
tC02e
Units
tC02e
Company cars and non company car
mileage
Flights
Total
Miles
84.669
23.54
80,942
21.21
Miles
400
0.11
916
0.15
85.069
23.65
81,858
21.36
Intensity ratio (tC02e per £000 of
income)
0.03
0.02
Methodology
The following methodology for converting raw data to ihe above have been applied consistently year on year.
Car mileage is converted using a petrol and diesel conversion factors for medium sized cars.
Airjourneys are calculated in miles and converted to C02 emissions through an online calculator.

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 14131
Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
The charity considers environmental efficiency when making travel arrangements with staff frequently car sharing
to reduce mileage and C02e. There is also a maximum limit pla￿d on C02 emissions for company cars, with a
range of electric and hybrid cars included on the list offered.
Financial review
In 2024 Racing to School made an overall operating surplus in the year of £113.091 (2023.. sury)lus £152,565)
which comprises a deficit of £62,052 (2023.. £48,315) on the General fund, a surplus of £152,847 (2023..
£179,937) on the Racing to School Education Programme, a deficit of £3.457 on Racing to School Education
Programme virtual reality (VR} fund, and a surplus of£25.753 (2023."£26,061) on the Racing Together community
engagement programme. With the benefit of increases in interest rates and the use of fixed term deposits, interest
income increased to £59,728 for the year (2023.. 43,203).
During the year, Racing to School continued to support its charitable objectives with expenditure in the year of
£768,821 (2023." £722,374).
Racing to School Education Programme
The charity was fortunate to maintain the support of its key funders in what was another challenging year. In
addition to the invaluable support provided by HBLB by way of a grant payment of £297,828 (2023: £288,505).
the Education Programme also generated fundraising income of £167,984 in the year (2023.. £188,137) which
included grant funding from the Racing Foundation. Godolphin, the Peter O'sullevan Trust. John Pearce Racing
Ltd, Gerald Leigh Charitable Trust, and the Childwick Trust. Racecourses donations and income totalled £40,450
(2023.- 35,550) and friends of Racing to School and other generous individuals, schools and organisations
donated £70,204 {2023.' £63,241). There was donated services income of £79,920 (2023.. £83,744).
Racing Together
The HBLB provided grant income totalling £156,912 (2023.. £127.497) to support the Racing Together community
engagement programme. The Racing Foundation provided grant income totalling £1,000 (2023.. £37,273) to
support the Racing Together Industry Day event. Additional donations of £7,885 (2023.. £7,789) were also
received which included donations for attending the Racing Together Industry Day event.
Reserves
The Charity's reserves as at 31 December 2024:
General Fund
86,108
Restricted Funds
Racing to School Education Programme
Racing to School - JPR virtual reality
Racing Together
1.340.103
68,458
1,494,669
Total
The General Fund balance of £86,108 represents free reserves that will be used for the charity's ongoing
govemance and fundraising costs
The Restricted Racing to School Education Programme fund is the surplus of all grants and donations specifically
made for the activities of the programme and provides for future expansion and sustainability of the programme.
Grants and donations are recognised in the accounts when they are received and where funds have been raised
for activity that is planned for a future year this can give rise to a surplus on the fund for use to support future
activities.
12

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
The Restricted Racing Together fund relates to surplus grant funding which will be used to further develop the
programme in future years.
The Trustees. policy with regard to reserves is to ensure that there are sufficient reserves to cover the charity's
core annual activity costs in any period of unpredictable fluctuations in income sources so that the long-term
future of the charity is assured.
13

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Racing to School
(a Lornpuny lirniled by &￿Ur￿￿tE<)
Annual report
Registered number.. 02958174
Statement of Trustees, Responsibilities
The Trustees (who are also directors of Racing to School for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable lawand United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company and charity law requires the Trustees to prepare financial statements for each financial yearwhich give
a true and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company forthat period. In preparing these
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP-
make judgments and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in operation-
state whether the policies adopted are in accordance with applicable accounting standards, subject to
any material departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement as to disclosure of inforniation to auditors
Each of the persons who are Trustees at the time when ihis Trustees, report is approved has confirmed that..
so far as that Trustee is aware. there is no relevant audit information of which the company's auditor is
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any information needed by the company's auditor in connection with preparing its report and to establish
that the company's auditor is aware of that infonnation.
Auditor
The auditor, James Cowper Kreston, was appointed as the charitable company's auditors during the year and
has indicated its willingness to continue in office. The designated Trustees will propose a motion re-appointing
the auditor at a meeting of the Trustees.
This report was approved by the Trustees and signed on their behalf by:
M ApLdr&ws
MIGh3BIA￿￿Y1￿0FJ￿2￿505."I526 BST[L￿G +11
Michael Andrews
Chairman of the Trustees
Date..
07 July 2025
14

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Independent Auditor's Report to the Trustees of Racing to School Limited
Opinion
We have audited the financial statements of Racing to School (the 'charitable company,) for the year ended
31 December 2024 which comprise the statement of financial activities, balan￿ sheet and notes to the
financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102. The Financial Reporting Standard applicable in
the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024, and
of its incoming resources and application of resources. including its income and expenditure, for the
year then ended;
have been property prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevantto ouraudit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtsined is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Trustees. use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going concem for a period of at least iwelve months from when the financial siatements
are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in
the relevant sections of this report.
Other infomiation
The trustees are responsible for the other infonnation. The other information comprises the information
included in the trustees, annual report, other than the financial statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
othe￿iSe explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to detemiine
whether there is a material misstatement in the financial statements or a material misstatement of the other
15

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
information. If, based on the work we have perfonned, we conclude that there is a material misstatement
of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infomation given in the Trustees, Report for the financial year for which the financial
statements are prepared is consistent with the financial statements.
the Trustees. Report has been prepared in accordan￿ with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtsined
in the course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or retums adequate for our audit have not
been received from branches not visited by us" or
the financial statements are not in agreement with the accounting records and returns- or
certain disclosures of Trustees, remuneration specified by law are not made. or
we have not received all the infomiation and explanations we require for our audit- or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
Trustees, Report and from the requirement to prepare a Strategic Report.
Responsibilities of Trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the Trustees detennine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable
company's ability to continue as a going concern. disclosing. as applicable, matters related to going
concem and using the going cOn￿M basis of accounting unless the Trustees either intend to liquidate
the charitable company or to cease operations. or have no realistic alternative but to do so.
Auditor's responsibility for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
16

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Because of the inherent limitstions of an audit. there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial ststements. as we will be less likely to become aware of
instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed to detect material
misstatements in respect of irregularities. including fraud, were as follows..
Enquiry of management and those charged with g0Veman￿ around actual and potential litigation
and claims.
Reviewing minutes of meetings of those charged with govemance.,
Reviewing financial statement disclosures and testing to supporting documentation to assess
Complian￿ with applicable laws and regulations.
Performing audit work over the risk of management ove￿Ide of controls. including testing of
journal entries and other adjustments for appropriateness. evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting
estimates for bias.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at= www.frc.org.uklauditorsresponsibilities. This description forms
part of our Auditor's Report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an Auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and its members, as a body. for our audit work. for this report.
or for
e opinions we have fonned.
I￿P.
Alexander Peal Bsc FCA DChA
Senior Statutory Auditor
For and on behalf of
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB
14 July 2025
Date.......................
17

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Statement of Financial Activities (including the Income and Expenditure
Account)
for the year ended 31 December 2024
Note
General
funds
Restricted
funds
Total
2024
Total
2023
Income
Donations and legacies
Income from charitable activities
Fundraising granls and olher
Investment income
Bank Inte￿$t
11,080
424,106
435,186
426,049
386,998
386,998
405,687
6.405
53.323
59.728
43.203
Total income
17.485
864.427
881.912
874.939
Expenditure
Expenditure on charitable activities..
Grants and educational activities
Cost of generating voluntary
contributions
14,256
65,281
689,284
703,540
65,281
673,539
48,835
Total expenditure
79,537
689,284
768,821
722,374
Net income l (expenditure)
(62,052)
175,143
113,091
152,565
Net income l (expenditure) and net
movement in funds for the year
Total funds brought forward
13
(62.052)
175.143
113.091
152.565
13
148,160
1,233,418
1,381,578
1,229,013
Total funds carrfed forward
13
86,108
1.408,561
1,494,669
1,381,578
The Company has no recognised gains and losses other than those included in the results above and
therefore no separate statement of the total recognised gains and losses has been presented.
There is no differen￿ between the surplus for the year stated above and the historical cost equivalent.
18

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Balance sheet
at 31 December 2024
Year ended
31 December 2024
Year ended
31 December 2023
Note
Fixed assets
Tangible fixed assets
16.852
6,524
Currenl assets
Debtors
Cash and cash equivalents
Investments
10
50,690
304,547
1,421,455
72,075
175,119
1.360,700
11
Total Current Assets
1,776,692
1.607,894
Llabilitles
Creditors falling due within one year
12
{298,875)
1232,8401
Net current assets
1.477.817
1,375,054
Net assets
1,494,669
1,381,578
Funds
Unrestricted income funds
Restricled income funds
15
133.904
1,360,765
148,160
1.233,418
Total charity funds
1.494.669
1.381,578
The financial statements have been prepared in accordance with the Charities SORP FRS 102.
These financial statements were approved by the board of Trustees and signed on its behalf by:
M Athrew)
thae1Andrw￿oFJ￿￿)25￿9 1528BST[L￿C+ll
Michael Andrews
Chairman of the Trustees
Date..
07 July 2025
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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Notes
(forming part of the financial statements)
Basis of accounting and statement of financial activities
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)). the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and
applicable charity law.
Racing to School meets the definition of a public benefit entity under FRS 102.
Going concern
The Trustees believe that the charity is well placed to manage its business risks successfully and
are confident that the charity has adequate resources to continue in operational existence for the
foreseeable future. Thus they continue to adopt the going con￿rn basis of accounting in preparing
the annual financial statements.
Tangible fixed assets
The cost of tangible fixed assets is their purchase cost, together with any incidental costs of
acquisition.
Depreciation is calculated so as to write off the cost of the tangible fixed assets, less their estimated
residual values, on a straight line basis over the expecled useful economic lives of the assets
concemed. The rates used for this purpose are:
Computers and other equipment
10-20 /0
Operating leases
Costs in respect of operating leases are charged to the Statement of Financial Activities in the
period in which they are incurred.
Debtors
Trade and other debtors are recognised at the transaction amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash
Cash at bank and cash in hand includes current account balances and cash held in instant access
and 90 day notice accounts.
Creditors and pmvisions
Credilors and provisions are recognised where the charity has a present obligation resulting from
a past event that will probably result in Ihe transfer of funds to a third party and the amounl due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
Investments and investment income
Current asset investments are long-tem) cash deposits requiring notice of 90 days or longer.
Interest is accounted for on an accruals basis.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments include cash investments and are initially recognised at
transaction value and subsequently measured at their settlement value.
20

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Notes (continued)
Accounting policies (continued)
Taxation
The Trustees believe that no charge to UK corporation tax will arise in respect of the year to 31
December 2024 (2023.. £nil) as all activities of the company during this year were of a charitable
nature. The company has charitable status. and a general exemption from taxation has been
granted under Section 506 of the Income and Corporation Taxes Act 1998.
Judgements in applying accounting policies and key sources of inforn?ation uncertainty
In determining if leases entered into by the charity are finance or operating leases, the lease has
been assessed to determine whether the risks and rewards of ownership have been transferred to
the lessor by the lessee on a lease by lease basis.
Pension costs
The charity does not, itself, operate a pension scheme. All employees of the charity now belong
to the defined contribution scheme. operated by the BHA.
Allocation of overheads
A review of the overhead allocation is conducted annually to ensure it accurately reflects the level
of support costs used by each activity.
Income and Expenditure
Incoming resources are derived from industry grants and self-generating sources and are
recognised when receivable.
Income is only deferred where the donor has specified that the amounts received are for use in
future accounting periods.
Services provided at zero cost to the charity are recognised as voluntary donated income and costs
on an estimated market value basis.
Grants paid represent charitable grants paid. These are accounted for on an accruals basis.
Other direct charitable expenditure payable in the period represents costs directly related to
furthering the objectives of the charity.
Governance and support costs comprise costs payable for the running of the charity in compliance
with constitutional and statutory requirements for the period.
The charity is not VAT registered and irrecoverable VAT is included with the item of expense to
which it relates.
Fund Accounting
Funds held by the charity are either:
Unrestricted general funds - these are funds that can be used in accordance with the charitable
objectives at the discretion of the Trustees.
Restricted funds- these are funds that must be used in accordance with the conditions set by the
donor.
21

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
N otes (continued)
Trustees, emoluments
The Trustees received no emoluments and expenses of £1.934 were incurred for travel and
subsistence for 10 Trustees (2023." £982 to 10 Trustees) in respect of their services to the company
during the year. Indemnity insurance is provided for the Trustees under a policy held by the British
Horseracing Authority
Employees
The average weekly number of persons (excluding Trustees) permanently employed by the Racing
to School during the period was 7 (2023.. 7). The average weekly number of sessionals employed
by the Racing to School during the period was 9 {2023.' 8).
2024
2023
Staff costs (for the above persons)
Wages and salaries
Social security CA)Sts
Other pension costs
412.303
38,525
33.575
374,543
33,194
29,030
484,403
436,767
The number of employees who re￿iVed emoluments between £90,001 and £100,000 was 1 (2023."
1 employee between £90,001 and £100,000).
The key management personnel of the charity comprise Trustees and the CE. The total employee
salary, pension and benefits in kind of the key management personnel were £105,870 (2023..
£103,013)
Analysis of income
2024
2023
Donations and legacies:
- HBLB
Donations
- Voluntary donated income
Income from charitable activities
Fundraising and grants
Other incoming resources
Investment Income
Bank inlerest
297,828
57,438
79.920
288,505
53,800
83,744
325.896
61,102
354,057
51,630
59,728
43,203
Total
881,912
874,939
Income includes a total of £864,427 for specific restricted activities (2023.. £859,748).
22

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Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
N otes (continued)
Analysis of costs of charitable activities and generating voluntary contributions
Activities
Support
Total
Total
undertaken
costs
2024
2023
directly
Note 6
Activity
Note 7
Racing to School
Education Programme
Racing Together
Community Engagement
485,569
127,106
612.675
560,621
95,888
46,002
141.890
147.082
Total
581.457
173,108
754.565
707.703
Govemance costs (note 81
14.256
14,256
14,671
Total
581,457
187,364
768,821
722,374
Analysis of activities undertaken directly
Racing Racing to School
Together
Education
Programme
General
fund
Total
2024
Total
2023
Staff costs
Printingldevelopment
Vehicle costs
Programme delivery
costs
82.423
237.242
13.773
24,727
136,061
319,665
13,773
24,727
149.526
300,759
14,988
22,136
161,162
13,465
Other costs
Fundraising IPR
8,485
8,485
65,281
5,945
48,835
65.281
Total
95.888
420.288
65.281
581,457
553,825
23

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 26131
Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
N otes (continued)
Allocation of support costs and overheads
2024
Racing
Together
Racing to
S¢hool
Education
Programme
2023
Total
Total
Staff costs
Propety costs
IT
Office costs
Vehicle costs
Staff development
Travel
Promotional material
Database
Depreciation
37,798
1.711
562
486
4.123
76,741
3,473
1,141
987
8,372
1,757
114.539
5.184
1.703
1,473
12,495
1,757
2,902
99,752
6.048
1.381
1.600
10,793
655
3.822
464
4,204
703
958
4,361
740
4,361
1.104
Donated seNices
27,590
27.590
24,456
46,002
127,106
173.108
153,878
In 2024 support cost have been allocated between the charity's two activities, the Racing to School
Programme and the Racing Together community engagement programme. Where possible costs
have been specifically attributed. Where this is not possible costs have been apportioned on the
basis of 33°/0 (2023." 33/0) to Racing Together and 67 /0 (2023.. 67/0) Racing to School which
represents an approximation based on time.
Governance costs
Year ended
31 December
2024
Year ended
31 December
2023
Net incoming/(outyoing) resources is ststedafter charying."
Auditor's remuneration-
Statutory audit
Legal advice and insurance
Consultancy services
Trustee expenses and meeting costs
11,088
10,560
729
2,400
982
1.200
1,934
14.256
14,671
24

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 27131
Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Notes (continued)
Tangible fixed assets
Computers and
other
equipment
Total
Cost
Al 1 January 2024
Additions
Disposals
30,832
16.153
(6,377)
30,832
16,153
16,377)
At 31 December 2024
40,608
40.608
Depreciation
At 1 January 2024
Charge for the year
Disposals
24.308
5,824
(6.3761
24,308
5.824
(6,376)
At 31 December 2024
23,756
23.756
Net book value
At 31 December 2024
16.852
16,852
At 31 December 2023
6,524
6,524
Fixed assets held during the year consist of office fumiture and equipment that are both for direct
charitable and related administrative purposes. The depreciation charged on these items has been
included within support costs.
10 Debtors
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
6,400
34,047
10.243
27,070
39,011
5,994
50,690
72,075
25

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 28131
Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
N otes (conLinued)
11
Investments
2024
2023
95 day noti￿ account
250 day notice account
1 year fixed term deposit
2 year fixed term deposit
475,293
215,819
459,179
200,000
701,521
730,343
1,421,455
1,360,700
12
Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
158,679
140,196
133,871
98,969
298,875
232,840
2024
2023
Deferred in￿rne at the start of the year
Resources defe￿ed during the year
Amounts released from previous periods
80.622
115,413
178.607)
96,645
69,203
(85,226}
117,428
80,622
Deferred income relates the income that is received for the provision of services that is released
as the activity occurs.
13
Reconciliation of movement in accumulated funds
As at 31 December 2024
Fund
balances
brought
forniard
Fund
balance
carried
forward
Gains
and
losses
Incoming Outgoing
resources resources
Transfers
General Funds
General
Restricted Funds
Racing to School Educalion
Programme
Education Programme VR grant
Racing Together
148.160
17.485
{79.537)
86,108
1.187.256
696.784 (543.937)
1,340,103
3,457
42,705
(3.457)
167,643 (141,8901
68.458
1.381.578
881.912 (768.821)
1.494,669
26

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 29131
Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Notes (Gontinued)
As at 31 December 2023
Fund
balances
brought
forward
Fund
balance
Carried
forward
Gains
and
losses
Incoming Outgoing
resources resources
Transfers
General Funds
General
196.475
15.191
{63.506)
148,160
Restricted Funds
Racing to School Educalion
Programme
Education Programme VR grant
Racing Together
1.007.319
686.605 (506.668)
1.187,256
8,575
16,644
(5.118)
173,143 (147,082)
3,457
42.705
1,229,013
874,939 (722,374)
1.381.578
In addition to Racing to School's Education Programme. the charity is responsible for Racing's
community engagement programme Racing Together. Income received by the charity specifically
for the Racing to School Education Programme days has been recognised as restricted income.
This includes grant funding from HBLB. Income received by the charity for non-specific activity has
been treated as general fund income.
The restricted Education Programme fund of £1.340,103 relates to donations given specifically to
support the on-going work of the Racing to School programme.
The Racing Together restricted fund of £68.458 relates to donations, self-generated income and
grant funding specifically for community engagement programmes which are held in a restricted
reserve to fund future activity.
The Education Programme VR fund relates to a donation provided for the provision of virtual reality
equipment for use as part of the schools, programme, and was fully used in 2024.
14
Pension Scheme
The Charity does not. itself, operate a pension scheme. Employees of the Charity belong to the
British Horseracing Authority Pension Fund ('The Scheme.) defined contribution scheme.
During the year. the Charity and employees are paying contributions to The Scheme at the rates
recommended. The charity's contributions to The Scheme in 2024 was £33,575 (2023.. £29,030).
£1,638 was also paid in respect of life assurance {2023.' £648).
15
Analysis of net assets between funds
As at 31 De￿mber 2024
General
Funds
2024
Restricted
Funds
2024
Total
2024
Fixed assels
Cash at bank and investments
Other current assets
Cu￿ent liabilities
16.852
16,852
1.628.806
1.726,002
50.690
50,690
(287.787) {298,875)
97.196
(11.088)
86.108
1.408.561
1.494.669
27

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 30131
Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
Notes (continued)
As at 31 December 2023
General
funds
2023
Restricted
funds
2023
Total
2023
Fixed assets
Cash at bank and inveslmenls
Olher current assets
Cu￿ent liabilities
6,524
6.524
1,377,099
1.535.819
72.075
72.075
(222.280) {232.840)
158,720
(10.560)
148,160
1,233,418
1,381,578
16
Financial commitments
At 31 December 2024 Racing to School had total commitments under non-cancellable operating
leases as follows:
2024
Motor
vehicles
2023
Motor
Vehicles
Expiring within one year
Expiring between one and five years
28,620
32,804
28,425
59,668
61.424
88,093
17
Liability of members
The members of the company have undertaken lo contribute a sum not exceeding £1 each to meet
the liabilities of the company in the event that it is wound up.
18
Related party transactions
The company has transacted with the following related parties, all of which are related by virtue of
one of their employees, appointments. or directors being a director of the company.
Details of sales and recharges to and administrative expenses incurred from related parties are
detailed below
Sales & Recharges to
Administrative expenses incurred
from
2024
2023
2024
2023
British Horseracing Authority
6,384
8,448
545,270
515,215
28

VithalSignatur8 Transaction Ref. R7ZW-2WM8-T4KL 07 Jul 2025 09..15..28 BST (UTC +11 D 2Y2 P 31131
Racing to School
(a Lornpuny lirniled b}, &￿Ur￿￿tE<)
Annual report
Registered nurnber.. 02958174
N otes (conLinued)
Related party transactions induded in year end debtors and creditors were as follows"
Receivables outstanding
2024
2023
Creditors outstanding
2024
2023
British Horseracing Authority
154.019
132,133
During 2024. the donated services from British Horseracing Authority were £27,590 (2023."
£24,456).
During the year the charity re￿iVed £160 for 1 event from 2 Trustees and their families (2023." nil
trustee £0).
19
Ultimate controlling party
Racing to School is controlled by its Board of Trustees. Accordingly. there is no single individual
that can, or does, exert control over the charity.
29