Charlty r•9i8tratSon number 1149018
Company ro918trallon nurnber 03552906 IEn9laAd and Wo195}
THE JOCKEYS EDUCATION AND TRAINING SCHEME
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE JOCKEYS EDUCATION AND TRAINING SCHEME
LEGAL AND ADMINISTRATIVE INFORMATION
Mrn K H O'N8111
Mr R M N Holl•s
Ms L S Watson
Ml58 M P Ful
Mrs S Ballèy
IApp)intod 12 Cthber 20231
IAppoint8d 1 May 20241
Ms L C DeLqny
eharlty numb•r
1149018
com￿nY n￿ts•1
035529C
R•gl%t•r•d olN¢•
39B lfjngfishor Court
H￿b￿d90 Road
Newbury
Berkshire
Unit8d Klwdilorn
RG14 5SJ
Independ•nt oxarnin•r
Elizabetr Hws&
13-19 London Road
Newbury
B•rkshir8
United Klngdom
RG14 IJL

THE JOCKEYS EDUCATION AND TRAINING SCHEME
CONTENTS
Pag•
Tru$tee6' r•port
Indep8nd•nt ¥xaminerfs roport
statement of lknanckql activll
B8lance sheet
Notes to the flnandal st8lemeTrts
9-17

THE JOCKEYS EDUCATION AND TRAINING SCHEME
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 MARCH 2024
Thg trustees presont thew annu81 report and f￿an￿1 Btatements f(*thg year ended 31 March 2024.
Th? Inan¢￿1 ststements h8vg beeTr preparèd in aC￿rdanCe wlth th• ac￿1n1￿0 Sèt out in note one to
the finandal $tstements, Ihe Companies Act 2006 and 'A¢¢(xJnting and Re￿rtIng by Chwibes.. St8tsment of
￿8￿MMended Praclk8 applkable to charfbes prep8ring their in acc￿danc0 %wth Ihe Financial
Reporting StsThJard a￿1¢9￿￿e in the UK aThJ Reput4ic ol 1￿knnd IFRS 1021 {effectfve 1 JAnuary 20191".
ObJ•ctfve$ and •¢tlvltl88
The Companys objects sh811 be to further th8 educ•tion And traSnlng of the pubNc wrth praf8ren¢e behg
Ivan to licensed professional jockeys, rècenly retired prtsfe5%0nal jo¢*eys, befteficiaritrs of the Inju￿￿
Jockeys. Fund IIJFland currenly licensed amatsur riders In 8￿Y way indudty In tho f(41(Ming way8'.
lal In the prO￿$10n of training. in arranging and %J&ntifying rdevant training and v￿bor01
cour58s. in Sup￿Y1n9 tralnlng f8¢111t188 and anwuraglng e{lu￿tIOn and worklng,.
Ibl In thè prN8ion ol careers advlcè and careern guidan￿-
Icl In the provis#Jn of a￿s￿￿ce in obtainlng finandal or other 4s8L8tance wth•lh•rfrom
gowmmant, bu¥lngss or othgr 9￿re￿ In wKh obtaining
tralnlng, edueat•Jn (x retsinlng.
Idl In th• proVi￿On of supptyt for1￿kaY5 th Ihelr post-radng car•èrs.
The trustèès have pald due regard to guidan¢• issued by th& Charfty Commks*on In deddlng what &lfvib'88 Ihe
Charity shouks und8rt*0.
Publk benefit
To 8nabl0￿Ck8ys to achlgvo secure luturag foll￿￿ThQ rdremont from ra¢è riding.
To 8nable jock•ys to undertak8 parsonal dèv4loprngnl plannlr¥J.
To a$a￿t in the smooth, Manag￿ and str•s$ fre8 transltkJn$ for th85e m￿1vkIu8l$ Into tr8lning,
#ducation or empk)ymont', and Iherefore pr￿en￿ng ILrture dependBrry on rBdro charftles IIJF or
Raung we￿are> or the State.
Jockoys EduraOon and Tralnfng Schem8 IJETSI Is (¥)nUnulng ts tt)IlatK)ratlve work with thg raclng schoc45 and
the British Hors8racing IBHAI in all aspects of Jockey Tralnlng and Dev8bpment iJf&DI. F￿l￿ng
the stralagy work in 2014, and th• sub58quert three-year str8t8gy that was r￿uL￿d and publlshed in 2019. th8
Jockey Trainirwj and Development strategy Raport, an intermediary updat¢ 2023 - 25. was woduceil in April
2023.
Prowes6 Summary 2020- 2024:
Apwnlmont ofthg Personal Dovdcpm8nt Managor
Apw"nlmenl oflh8 lulktln* Head of Coxhing
Appolntsnent of fiv8 ernployed Regional Jockey Coaches
Weekty ￿￿chIng'DroP-in, sessions at 811 IJF centres, open to 911 PTofessionaljoekeys
Extenslon of cogthing to dl jockeys onè-y88T posl clalm
Laun¢h ol the Jockey Training & Developm?nt ￿b$r1e.. htlps".Ifiockeytrainlng.co.uk
Produ¢Jon ofa n8w Jockey Motters JoL*8y COac￿r￿ Programrnt 8nd Racllw Excellenc8 fil
Producucffi of Ihe Jockey Lifestyle Workbook as pradcal d6voloprnent r8sour¢o
Two Jo¢keyATnbassadcf Programmes h05t8d- with 2Q Jockeys atteniling
In189r8tlon ol Equalrty. DN8f3ity and InehJsk)n èduc8bon Into al levels of JT&D
2024 sees Ihe first recruTt5 onto the spth.ng Excellencg Professiond Apprent1￿hIp
Terms of Refereneg produ¢ed for the JOL*￿ Trainiw and Develq)mènt M8nagement Gr￿Jp and
submitted to Ihe Indltsty People Board
NTF representalon on the J￿k￿YTTaIning and D8vdcgw*nt man￿a￿ent Group

THE JOCKEYS EDUCATION AND TRAINING SCHEME
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Key Prfoi(ty wowk to 2025 indudes..
Work ￿1h the Industry P8tsp18 Board, the Levy Board, Ihe R8clryJ Found8tkin ￿ estat4ish a lontr
temi sustainable fvndiwd nv)dub fcf the Jockey Coathing Programme and Jockey Trainn)g Shd
D￿#bpment
Ccffltinue to develop an Indu¥lvg aTrJ progress￿e Talènl ID pr￿rarnrne
JETS c(ffitinues to work very d058ty wilh Ihe BHA, Bthsh Schod IBRSI, and National Horseraekng
Collego INHCI io deliver Ihe JT&D curriculum consistsntly and wtth quality. JETS Is Involved in th8 managem8nt
rneetsngs for the Jockey Coaching PrDgrarnme, and sits th8 JT&D Mana9ement Commitlge. The JETS team
dellver to lock8y5 on all Ll¢enco ￿UrSe￿, aTrJ Clalrnlng Jockey Workshops. JEfs systems have been 9￿alJY
Inyoved th¢ launth of the Jockey Coaching Web-App, allo¥Ang for onlSne dèlivery of 811 Peysonal
Oevelopment ￿annIng 8988kns. 4 R8latlonshlp Man*Jament System, and rocthing of all IndM¢Jual
jodcey trainlng actiwty.
JETS b8nèfitted fron wevk)us grnnt support by The Radng Foundauon. A new co112born￿VO grant
proposal was put forward to The Racing Foundatrjn In late 2019, by JETS, The Professlon81 Jockeys As80¢1aUon
(PJAI and Ihe IJF. Tha Tru$¢ees of The Racing Foundatbn agrèèd a ngw flvewy•ar £2.2 milb*)n grant to b•
delive￿d from April 2020. Thls grant pvoiEcl entiled Tho Jockey Athlets Is focus$ed on: Th8 Jockey Co2¢hlng
Pro9ramm•. Montal H8atth, Nulrflon aMS Th8 j￿kOYAthl&te Ambas$8dor.
Cross sp)rt work coniinues through Ihe Prof85slond Players Fedorallon Edu¢afjon & Tralnlng Cornmlttee. The
PPF now also havè a subgroup, the Womèns Sporls Commlttee. thesè mè8Ong$ 8re attended by JETS.
Achiovements abld p•rfornwnc8
In 2023124 JETS support8d jo¢keys and fomier iock8ys in the compKption of 135 1nd1vid￿l trwning wJrse6,
provldin9 a contribJtion level 0150 40% towArd5 Ihg Wst of these cour688. JETS organSsed andlor hosted ten
Media & Communlcatfon s￿11$ courses. at locations 811 over the country and utlllslng four differenl traini
provlgrs. JEtS aLso supporte*J fow fom)er lock8ys from the Scholatshw fund.
In 2023124. JETS delwered Person81 Devdopment Planning Sessions on 4 licence rwrses, 1 Apprentic8 I￿an¢•
etyjrsg and Ihree éual eod8 Iic8nrR Courses. at both Tho British Ra¢Sng Schod and The NatDnal Hor58Rang
Colleg8.
Twelvé individuals were help￿ into ftjll ￿ part-time empbyrnent durlrvJ thls tim8. Th8 typ8 of &sslstanco gNon t
th• cand￿ats3 vartes in each cose, but builds C￿ the found8tions of prevlous eAretr coachiry ¢onsuhab'on5 to
- Job sgarth as$r4tance Induding Identifylw and app￿d)Ing $VTtable potential ern￿oYerS *bd a￿￿ng
candhYate3 to 8dvertlsed lorJETSI vacancies.
FrierKls of JETS In many cases offer oppc¢lunttles lor work pl8cgnwnts and WO￿ expertence.
Proparing Cvs for candldates I￿kir9 for interviews and lob F4ocements. Assistance is also 9lven whh
letters of application to gain as many interviews as possitl8.
Intorview te¢hnlque consulta1K)n$. either In pers￿ or over Ihe phone a￿ mnged indNidu8llyon
request.
Pmvkjiw JETS refe￿ncE$fOr c8ndhlates on requesL

THE JOCKEYS EDUCATION AND TRAINING SCHEME
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Vvork on the Jockey Mètters pr￿TaMme is focu5sed on 8 rew project. A new ffilm is bdng produc￿ focugslng
on rnent81 health and •rnotiond welkbelng. In c¢41al￿ratiOn wth Th8 PrOf￿￿onal Jockeyt A$s￿le110n and The
Injured Jockeys Fund.
Th8 Jockey Matt•rs films to date are..
.Addklbn and Recov8ry
- Healthy Cholces
- Maklng Welght
Staylng Hydr&led
- Mental Health aNJ W811being
- Injury Retumlng to RldiTrJ
- Jockey Goachlng
- Personal Developmont
. Concusslon
- Career Transttk)n
- R88ill8n
Frt to Fall
- Ddve Smart. Stay Safv
- SubstsncaAbuse & Support
.Thè Juckey CoachSng Progr8mmg
.Th• Raung Exce1kn￿e S6ri06
-IrKluson- Vvhat W8 Can Do
.Re6pect-What We Can Say
Finand•l Yeview
Donatkns In Ihè year 8mounted tD £593,455 whi¢h Is a d•cr888e of 1% from the prgviou¥ ye8r120rJ.'
£599.452 2% incroas81.
Nol irKome m&rgin decreased to-1.8% (2023..-1.4%1 wtth not èxpsnéiDJrg li excess of Incomè of £11,341 12023..
£8,269 net expensasl a5 ovgrhgads Incraase at a higher ￿Ve1 than Income increased.
TThning and EducatK)n costs ar8 conslderably hlghorlhan any other oxp6n¢thurg and Ihl8 Is e¥peeted to incw$e
in fubJrg yoars.
The Jockey Athlete grant from Aprl 2020 ￿11 ènsurg the conllnuab)n of the pos￿0n of &Jckey Person81
Develown8nt Marwrforfive years.
As at 31 Mwch 2024 there we £281.&￿I2023.. £292.9331 fvnds carried forward, £82.12912023.. £78,268> of
whlch bdng rtstn¢ted lunds. This WAS 8 3.9% Ile(Trase on broughl fr¥ward funds.
R•80rv•s poll¢y
The Board of Trustees has fJ)n$kleMd the adequacy of ras•rv8s held by the company, In lkne wllh tho
Charty Commi$sK)n guidance and concur that the level of reserve5 18 sffjdent to meet the companys
ponslbllltlos In the short t6rm. In furtherance of the cl)8rftys obieckns, the ros•N•s polcy of th•
company ￿ d•sign•d to..
Protect the bu5in8s8 from Iho rfsk of ￿801¥encY orsorfous disnptK)n lo Ib chattywork.
sacurity 4ainsi the pgaks and troughs of Income affxtsd by buIn￿$ downlum or
chang8 In govemm8nt F4)Ilcy.
Reserves policy is to rnainfain to enable op8ratlcms to t>)nun￿ for mcth Sh￿k1 Income
Unrostricted res8rv88 are currontty £219.461 12023: £214.6651 and unr05tricied annu
overheads wrrentty 8mount to arouThJ £235.OCV12023'. £224,000).
The trustees have assessed the major risks to which the charity is exposod, and are satlsfigd that system5 are in
place to rnitigate 8XPOSUm to tho major rS6ks.

THE JOCKEY8 EDUCATION AND TRAINING SCHEME
TRUSTEES, REPORT (INCLUDINO DIRECTOR5, REPORT) {coKfiNUED)
FOR nlE YEAR ENDED 31 MARCH 2024
FU￿r• plM•
Purpo
To fjXp￿d and qecure, kn Ighl of i￿￿1r￿j and ongoing damand. the proth of edwaurnal
voc&kn￿ courn98 Iw Sock6y8,' pro¥idlw with th• Opp￿InlY to fttlfll Ihoff POteN5al
C4x•8fuly make the trandllon knlo n•w c4reern fo*Jwlffj retIren￿nt from rnce rhllw.
To Inab￿ ￿¢*¢y9 to achl84* ieujre fikn•5 T•lir¢rr*nl from Ta￿ rhlng.
To asslsl h th• $rn￿h. minaged and str•8s fr•0 tronsttlons lor Ih880 IndlvK1udi Into Iraknin9.
$ducAU￿ or •npbym8nt.' th•refm prth*nttn9 ￿tUr• depgndenq on raclr•J th￿l￿e¥ OJF
R117ng W•lknl or t￿ Slqle.
Stru¢tUrn• gov•rn•n¢• and man•g•mont
Th• ¢harlty IB Gonlrol8d by Its go¥ernlno d0￿MInt, which a8 A limi8d cTrny• limled by gu•rort90.
defin811 by CompanlosAct 20(*. ¢onsUlut•511B M$n￿M￿d￿ Artths of￿80011￿?n.
Tho tru*￿$. whu th8 dirnL*orn for tr* purpo￿ rfryjmpffiy law. and who dudng tho yeor arld up
lo th• dat• of Spana￿re ofth• fin¥ndal slatom•nl8 wor•..
klrAAChalk
28AwJ 2Q3)
Mr• K H (YNg111
Mr M A Fitrger8lJ
MrRMNHole8
Mr l M¢Mahon
M8LSW*on
is¥ M P Fumor
IArB S Bai
IR•sioMd 2 May 2023)
IR•tsiw•d 21 J￿0 2Q3)
(Appoinled 12 thAober 20231
(Appolntad 1 May 2024)
are •ppohtsd ts1kn￿ng agrown•rt by gxl8llNJ TndSteg9. Th• nt* Trusteoi leAm Ihe poNcle8
proc4dures frtjm th• Trustoès
Th8 tru8tae8 haw •Me888d tho m•JN risks to TAhN* lh¢ chthy ￿ •xpo8od, and aro 8allsfiod ihat Sy8t*ni art In
pknca to mlgat• gxp)sure lo th• mw rf8k•.
The truBtoe8' report was Jpwi¥ed by ts Btsa￿ of Truth•s.
M• LS Watson
28//0/20

THE JOCKEYS EDUCATION AND TRAINING SCHEME
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE JOCKEYS EDUCATION AND TrAINING SCHEME
I report to th& trustees on rny examinatlon of thp ffinanc481 ststements of The Jockeys Edutsbon and TrniriThJ
sche￿ lthg chartyl for tho year endod 31 March 2024.
R•$ponsSbllllle8 and basi5 01 rgPQrt
As the trustees of the charity land also its dKKtor8 for the Purpo￿ of compeny law} you are responsible for
Ihe prgparatkjn of tr* fln8n¢l8J statements In 8¢cc#￿anee with the requirements of th8 CornpanS0s Act 20C
Ithe 2006 Act).
Havlng saD8fied myBeW Iltal the fin8ncial statements of the cf%4rty are r￿3t requlred to bo audited under Part 16
of the 20C6 Act and ara eligible for Independent gxarninouon. I raptsrt in reSp￿t ol my examinatSon of th8
r*arity's financial statemènt9 C8rri8d out vnder BectK)n 145 of the CharitE8 Act 2011 lthe 2011 Act). In ￿rryIng
out my ex8minalion I h￿e followed all tha applKable tJre¢tbn$ giv8n by the Charlty Comn*slon under
8eLlion 14515llbl of the 2011 Art.
Independ•nt examln•¢J $lat•m•nt
Slnce the tharitys gross incorne &x￿od￿d £250,0￿) your examlnèr must be a mem￿r of a t*)dy Ilste(I In
tion 145 of thg 2011 ACL I confirm that l am qualtned to untlertake the eKaminaUon becau58 18m a mombor
of tho Insfjtute of Chartgred Acountants in Ewland and Wale8, whith ￿ on8 of the bodies.
I have completed rny examlnatlon. l L¥)nflrm that no rn8tt8r8 h8ve (x)me to my att8nlion In ¢(thn8Ction th the
examlnation gfvirrfJ me cause to believe Ihat in any matsrial r8SFeC*.'
att￿ntIng r8u)rd6 were not kept in respect of tho charity a$ r•quired by secllon 386 of th8 2006 ACL
Ihe financSal statsm8nts do not accord wllh those rewr<15', or
the finanLyal $tsternents do Th)t cornply wlth accJJntng requirements of sedion 396 of Ihe 200B Act
otr*r thBn any r8quirgment th&t the accounts tru• and falr vbew bvhich 1$ not a matter conspJw8d as
part of an Sndepond8nt exam*iathon', or
the ffinbrKi81 statements have not bgen prepared in ¥c￿rdanCe ¥￿th tha m8thods a￿j prfnciple$ of the
Statgrnont of ReC￿mended Pracbce for aCcoun￿ng and ieporting by char[t￿8 8ppli¢tlAe to chartt￿$
preparfng thefjr accounts In thceordoncg wth the Financial Re￿rtIng Siandard appllcable In thè UK and
Republic of IrBland IFRS 1021.
I havè no ¢oncern$ and hBVe come acm$ no 0th8r mattors in conneclion wfth tho èx8rninatk)n to whkh
attention should be drawn in this rewt in order to enabb a proper understanding of the finarrisl statwments to
be reached.
Sam Thomas FCA
Eltrabeth House
1>19 London Road
Nowbury
Berkshi
RG14 1JL
United ￿￿dorn
Dateé..
S Nov8rnb8r 2024

THE JOCKEYS EDUCATION AND TRAINING SCHEME
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Cwvent flMn¢iil y•ar
UbW•strId￿ R•strlcl•d
funds
fvnd
2024
2024
T+X•l
Total
2024
2￿43
Notes
Income and gndowmon¢$ from:
Donauons 8ndlegac￿$
Inve¥trnent8
Other In￿m¥
215,455
378,0(Xl
593.455
8.390
18.206
599.451
1.212
11,554
18,206
Totsl incorng
240,051
378.000
618.051
612,217
￿1￿￿•
Ch8ritabl¢
235.254
394,138
629,392
620.506
Net In¢om•ll•xpendltur•l forthe yearl
N•t mov•m•nt In fund#
4,797
116.1381
18.2891
Fund bdances at 1 April 2023
214.664
78.267
292.931
301.222
Fund b8lanc•s at 31 M•r¢h 2024
219.461
62,129
281.590
2¥2.933
I Income ané expendilure derive frern conlinuing 8¢tNibe5.
Thè statement of flnancLql gclvMl88 Iso ￿Mpl￿* wlth th8 requlrements for an inc￿# arKI expendlture a¢xuJnt
under Ihe COmpani￿A¢t 2006.
Prlorfflnan¢l•l ygar
Unrn5trlctod Rostrl¢t•d
fvnd•
lund8
2W23
2023
Total
2023
como 8
endowm•nts from:
DonatSons and legaae
Investments
Olher Incom8
221.451
1,212
11,554
378.(
599.451
1.212
11.554
Total Incom•
234,217
378.oc
612,217
Charftable activitlès
223.738
396.768
820.506
N81 IN￿M•ll•X￿n￿￿Ur9j lor th• y•arl
N•1 movgmonl In fvnds
10.479
118,76BI
8,2891
Fund bd8nces at 1 April 2022
204.186
97,036
301.222
Fund balanc•s at 31 M•rch 2023
214,665
78,268
292,933
AJI Income and •%￿NIrtYre d8rfve from eonlnuing 8dvSties.
Th8 statement of Ina￿81 a￿vtt￿$ also ¢ompllo8 %thth the reqUIre￿nts for an Incc4ne and expenditure 8eLcyJnt
under the Companles Act 2006.

THE JOCKEYS EDUCATION AND TRAINING SCHEME
BALANCE SHEET
ASAT31 alARCH2024
Flx•d •H•ts
Tangibb a•wts
2201
2.e95
Dgblors
Ca8h at b￿k and In h*xl
10
10.852
315,584
328.438
Cr•dllor•: wnounl• tsllng du• Tthn
IN198)
Net omnl as￿18
279,389
290,238
Totsl w•t• l•M ¢unwt Il•bfdtlo•
281,590
292,933
Incom• fund•
Reslrfcted fund•
Unm%llthd funds
13
82,129
219.4S1
78,208
214,665
261,$9Q
292,833
Th• oJmwny i¥ •ntlllod lo the gxampkn from Ihe audtt requlremont conthlnet In 8adon 477 of th Cornpani•s
20fkl. lortho year ended 31 March 2024.
The dhctorn 8th10￿4￿ge Ih•ir re4￿11b￿lI[•s for ￿ng +hllh th¢ r•qulr•Th*nts of CompAnio1 *£12ryJe
wlth r•spgot to rncoth and the w•par*kn ol fin•ndal it•1￿0nt
The membern haw Thjt re¢wlrnd the company to obtakn an audlt of Its finarnial stalernfjntB for th• y•8r In in
aoy)thc0 wilh 476.
Th•80 statgmonts hm prepArnd In scurdarKe wlth the applK•bl• io comp￿101 subAeci
lo thè am￿ compèmiei rnllwn•.
2g//o../2
Tho firwclal 8tAlemonts ww• apwo¥8d ty TfLtBlae8 ¢VI ....... .
LS ￿￿1&T-
MI L S Watson
Conyny rnghlvallon numb•r1130029

THE JOCKEYS EDUCATION AND TRAINING SCHEME
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flm from opvratlng actlvlll•s
Cash absorbed by oper8tk)n$
16
119.635}
18.0931
In￿lIng actmt
Purchasè of tanglble fixed as9éts
Inv¢¥lment kncomè r8￿1¥￿1
12401
6,389
1,212
P4et cash 9en•ralod from Inve6tlng
*¢tlvltl•s
6,149
1212
N•t cash used in financing 4¢tlvltl•s
N•t d8¢Ye￿9 kn ¢a8h •nd eqylval•nt5
113,4861
{6.8811
Cash and ¢a¥h gqufvalents ot beginning ol year
315.584
322.465
Cash and ¢ash •qulval•nts at •nd of year
302.098
315.584
Rèlating to:
Cash at bank And in hand
302.098
315,584

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounting polid•s
Cha￿ty Infonnotl?n
Th8 Jockeys Edueauon and Trainlng Scheme 13 8 private *>)rnpany limited by guarantee Incorporat8d in
England and Wales. The registe￿d office 15 39B lthngfi5her ￿rt, Hambridg? Road. Nththry. Berkshire.
RG14 5SJ, Vnlted Kirydorn.
1.1 A¢¢ountin9 conv•ntlon
The ttnandal statements have be￿ prepared h accoTdarK8 th the Companlas Act 2006 and "Ac￿Unt￿ThJ
and Reporling by Charities.. Ststement of Recommandad Practice applicab￿ to chariues wap8ring their
aco)unts In 8ceordance wilh the FlTr8nryal Repo￿ng Standard 8ppJ1￿b1e In Ihe UK &nd Rfrpubloc of Irgland
(FRS 1021 (effettva 1 January 2019r. Th8 ch8rlty18 a Publlc Beneffit Enuty as d•fin8d by FRS 702.
Thg ffinanclel 8tolen*nts are wepared In st*ling. whlch Is the funcbonal ￿rroneY of th8 ¢harlty. Mwtsry
omtyjnts in Ihese finanaal statements are rounded to the n6ar•8t £.
The fln8nLyal ststements h8¥è prepared under the historlcal cost convenUgn. The prkndpal 6cc4)unUng
politie5 adoptsd are s•t out belc￿.
12 Golng ¢on¢•rn
At tha time of approvlTrJ the ffinèrKi818¢atements, the twstee& hav• a reasonab￿ 9¥pectation Ihat th? charfty
has ad8qUBt8 resourcos to continue In operational exlstence for tho forèse8abb future. Thua the trustees
continue to adopt the 9olng Concèrn ba&s ol aG￿UnI￿a in preparing the thancKql ststèments.
1.3 Charltabh funds
Unr8Stricted funds we avallabb for uso at dls¢relon of tha tru8tee8 kn furthtra￿ of thw"r chttritab18
obj8Ctr¥es.
Reslricted fijnds ar8 subject to speclfic condllon8 by ¢Yonor6 aB to how thgy may be used. The purpos•$ aTra
u￿¥ of the r86tri¢iad funds are set out kn the ThJt88 to the finan¢NI statsmgnts.
1.4 In￿me
is recogn18￿ wh8n tha eharity181ogal￿ ontfjU8d to It after any performanc8 Cond￿"0n$ have ￿en met,
the amounts can be measured relitibty. 8nd it 1$ prob8bl8 that inC￿ne ￿11 bo receNed.
Cash don8tkJn8 are r8(x)gnl88d on ￿elpt. Ott)er donab'ons Bre recognls•d the cha￿ty ha5 been notffiod
ol the donation. unless parfOnnar￿ t￿nd1th)n$ wuir8 Ilelerral of the amount. Income tax r8wverablo In
relatton to donatio￿ r8caiv8d under Gfft￿d or daèds of covgnant Is recogrhlsed at the tim• of the donatlon.
Legacies atg reeognls•d on recwpt or oiheThA58 if the charlty has been not￿ed of an impending distributk)n,
the arnount Is kn¢)wn, and rec¢lp¢ 1$ expected. M the amount is rK>t known, the legacy treated a5
)ntir¥a8nt a&￿(
Grarts are recognis8d at th8 f8lr Val￿ of the ass81 rece￿ or receNable wh8n there B rèasona￿8
8ssur8nc8 that the grant wlll ￿ rn•t and thg grants will bts recelvod.
A grant that $pedf*s ￿rf£mance Cond￿0Th9 1$ rewnl$ed In Income when th• porformance condhh)ns are
met. WF*re a grant doe5 not spedfy p&rformanc8 condllons il Is r•cognknd In Incom wh8n the proceeds
are rec81v8d or receN8blo. A grant received Wora the recognStb)n eriteii8 are satisfied is r8cognlsod as
ILqblllty.
1.5 Expgndltur•
Llabilltlos arg rgcognlsed 8$ exp8ndrture as g¢)on as there ￿ a legal or constructwe oblvallon cornmittsr*J the
charty to that èxpenditure. it 15 probable that a tran$f8r of economlc b6nefits wll be requlre•J In 5gtUement and
the amount dthe oblEqatlon ean ￿ ￿8¥ured rella1￿y.

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 IAARCH 2024
Accountlrtg polldes
Icontlnu•dl
Expgndllure is aco)unt8d for c*) an 8ccNd8 basis and has b88n cbssified urthr haadings that aggwat8 al
cost related to Ihe calegory. Wh￿￿ costs cannot be thracuy attrfbuted to partatsjlar headings they h8v8 b89n
allO￿ted to aclvil88 on a basls ¢on515tent lh8 use of r•5fAJfcg8.
1.6 Tangiblv flxod
Tangibk fixed a55ets are inilialty m&asurod al cost and sub98quenUy m88sured ot Cost or vaknatk)n. net ol
depreclaJon al￿ any Impairrnant losseg.
Depr￿ati(fft is recognlsed $0 as to wrll8 ¢)ff Ihg cost orvahjatknn of a88ets less t￿1r re￿dUal value5 over Ih8ir
US8ful Mves on the folk)wing bases..
ant and aqulpment
Cornputsrs
otor ￿hiCleS
25% on rtdurAng balance
25ffjts on reducing b8Lanee
25% cffl reduclng bakqnce
The or loss arising on th8 dispos81 of an a$60t is detsrmined as Ihe drffor8nce bethen the sole proceeds
aNI the carrying valug of the assat, and is rec￿1$•d In the Slatemenl of finanraal aclivities.
1.7 Imp•lmiont ol flx•d o$$•ts
At each reporung énd dal8. th8 charfty rowlèws thg catyn9 &mounts of its langlble assets tts determlne
whgth8r Ihgre Is any Indlcalh)n Ihat tho60 assets havg sUffe￿d Èn impairn8nt loss. If any wch Indlcatton
ex15t4 thè recoverable èrwunt of th8 asÈet 1$ 8stirnat8d In order to determing the 8Xt6nt of tha lrnpaimient
loss IW any).
1.8 Ctsh and u$h e9uiv*l•nts
Cash and cash equivalerrts indude in hand, deposits hebj at call with bank9, olhèr short-term Ilquld
investments wlth original rnaturlbes of three months or less, aryj bank overdrafts. Bank overdr8fts are shown
wthin bOrrO￿n9$ in current Ihbilities.
1.9 FIna￿la1 InJtrum•nts
The charity has 61ect8d lo ap￿Y the prov19iOn5 of s￿tiOn 11 '8ask Financi81 Instruments, aThJ Section 12
'Other Flnancial Instnjrnents Issues. of FRS 102 to all of its finan¢i81 instrumenls.
Flnanaal in5tnJ￿￿nts arè recoJnised In ttIB charfV$ balanc• gh•èt when the chartty t*¢omgs paty to tho
eontractyal provlskJn$ ofthè mtsunwnt.
Finanu81 assets and 118blllks arg offseL vllh Ihe amounts presented in the flnandal ststements, wfEn
Ihere is a 18g81ty enlorceable r•3ht 10 6et off the reLYyJni8ed arTh)unts and ther8 is an intention to 5etKg 07 a net
basls orto reall$e thtr a55et and 8etJ¢ the 118￿1￿ty sknultang¢usIy.
8osk ffMnei•lgssets
Bas6c finand81 8s5•ts, which indudg debtors 8nd eosh anil bank baLgn¢es, are intudly rnea6ured at
transèctK)n price includiThJ tr8￿CtIon ￿$ts and are Sub￿quen￿Y carri8d at amortysed o)st uslng the effe¢tfve
interest rn8thool unl8SS th8 arrangement ￿n$INUt$S a ffinandng trAnsaction. whem Iho tran8a¢tlon 15
measured at the present valu8 of futurE receipt5 di8COUnted at a market rate of Interest. Financkql assets
cla55rf18d 85 re¢•fva￿? withrTr on8 yaar are Th)t 8mvrU8ed.
10-

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
¢ountlng polkl
{Contlnued)
Ba￿¢ finan￿￿ liatslities, Includlng cr8ditor8 and bank loans Are In￿'allY rets)gni5ed at transacuon price un18SS
the arrangement ¢onstitule$ a ffinanang tr8n8action, where the d8bl Instrurn8nt 1$ measured at prewt
value of th# future payments discounted al a rnark8t rata of intsrest. Flnanclal Ilablit￿$ dasslfied as P8yablg
ithln year ore Th)1 amorb8ed.
Debt Instrument$ are sub58quanlty carfgd al aJrK)rtisod co$( using tho gffoclfvè in18r8St rate m8thod.
Trade ¢r•ditCfS are r*)Ilgatlons to Pay for goods or s•Mcos that have been acquired in ordinary cour8e of
operaticn5 Ircrn ¥Up￿￿rS. Amounts payable are cla5sffied as cuffent Ilabil￿e5 rf payment Ls due vithin one
year or Igss. If nol they aro prwn¢ed as non&current liabilit￿. Trade creditors ere reccyJnksed iritialty at
transacuon price and subsequenlly ￿£sured al arnortmd cost u$lng the effectNg interest Met￿j.
Dwwnlllon olllnanothlll•blllU•s
Fin￿￿al liablMes are derecognised w￿n the tharfW8 COTrtra¢tual obligations expire or 8r• discharged or
carK8118d.
1.10 Taxalion
Th8 charily Is exempt Irorn cop?ration tax on Its charttable ￿1￿¥1￿•$.
1.11 Empl<)y•• ￿n•ffl0
Th8 cost of any unus8d hdiday entrfement Is r8co9nised in the peric#J n which tho ompby8e's soThlces are
recaived.
Termin8tk)n benefits ara reeognised Immedldtely 05 an experBe wh•n the charty 1$ demnstrably commrtted
to temiinate the *mployrn8nt ofan anN)W• orto provide temilne￿on tonaffits.
f.11 R•ttr•mgnt boneffts
P8yrrtnt$ to defi￿d ccrtrfbLrtlon totlrement benefiisch8me8 are ch8rgtd a8 an 8XFew as Ih8y fall due.

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
Crttrcal ￿￿OUntIng •Itin￿te8 and Judg•m•ntS
In the appllc81k)n of the Charity's accounting polts•s, Iho trustees afv required io rnako ludg•rnonts, eSt￿a￿S
and 8ssurnption8 at)out th8 carrying amowt ol assats and l￿bIll￿eS Ihat are not ￿adity apparent from other
SOLtreeg. Th8 eslimates and 4ssocl*d assumptions are baged on h6storical experfence and other factors that
are considered to be relevant. Adual rasutts may drff8r from these eslJm8t¢&
Tho tBtlmates and underfying assumptions are r8vi8W8d on an ongoing basls. Revisbns to gccountlng
estimatss 8re reojgnlsed In th8 period in *thich tha astimato is rev15ed where the revlsion offects onty that
PEriod, or in thg perh)d ol the revlsh)n future perioL18 where the r•wi5Kffl affects both current and future
Feriods.
CrttF¢al I￿149￿￿n￿
Income r•cognition
ThÈ key judge￿￿nts rn*Je by managemgnt In r6spect of Incom8 ￿ th8 Ont at ￿1c￿ that Ineeffio
should be recognlsed. See Income Èeknw. Grant incom8 is conditlonal upon certain crlteTia being
rngt durlng thè p8riod. A¢cofdlNJly, only sums due Ythich m88t that crtterfa, In the ffinandal pariod.
are ￿COgniSed as incomo In that peTlod.
Tanqlbh fix•d a$s•ts
T8nglble fixad as58ts are dewedatad over their us8fv1 lives taklng into account re￿￿U81 valw5,
where appropriats. The adual Ilves of the 88¥9ts and rosklual valu8s are assèssed annually and
rnay vary downdlng on a number oflaLxors. Residual valua 8sses8ment con&d8r i5SU8s su¢h a8 the
rèmainin9 life ol thè a$sèt and projected disp0881 value.
Inv•5tments
UnreJtrl¢tsd Unrostrlcted
funda
funds
2024
2023
Interost roeblvablg
8.390
1212
12.

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charftablg actlvftl••
Charitabh Charlt•bl•
ExP•nd￿urfj Exwdltur•
2024
2023
Staff costs
Depr8cialK*n and Impaimignt
AdwM651ng & prcfflo¢KJn
Travglllng
Education & trainkng
Subcontr8Ctors- BRS
124.753
734
43.3SYI
2.674
118.072
322.000
119235
898
34.424
3,766
107.196
336,000
811,623
801.519
Shw8 of support eostg {$99 note 51
Share of go¥•manr* ￿$ts{So8 nole 51
11.2
6,474
10.444
8.543
629,392
620,9)6
An1￿18 bylund
Unrestricted lund8
Restricted knnds
235.254
394,138
223,738
3￿./68
629,392
620.508
13-

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 AIARCH 2024
Support Gov•mane•
¢09ts
costs
2024 Support Go¥•mane•
costs
Costs
2023
2.444
2.380
1,127
740
451
1,831
828
781
Insurance
Motor 8XFerK8es
Telephon
Post8￿ and stsion8ry
Cortwter expenses
Jtxryna15 and perir•Jka
Employment ¢osts
Bart char￿5
2,488
1.295
964
665
2,488
1,295
1,127
740
451
1,831
626
781
726
873
726
873
50
L8gal and professbnal
Bookkeeplng
Account
2,975
1.512
4.056
2.975
1.512
4.056
1.920
4.554
1.920
4,554
11,295
6,474
17.769
10,444
8,543
18.987
AnBlysed
Ch*itable actiwtie8
11.295
6.474
17.789
10.444
8.543
18.987
Govomanc8 W8ts payrn8nts to lho iThJgp8nd8nt exam1r￿ of £4,05612023- £3.%0) for 8xaminatN)n
Twst••$
None of the trustees (or any persons connected wlth them) re(*￿$d any r8muneralJon dudng Ihe year. t￿1
two of thern werg reimtyJr89d a total of £58912021. £289) for travdling exp8ns8S.
Employ•es
The average monthty nurthr of empbyo88 durin9 thfr ye* was:
2024
Number
2023
Number
Employrnent costs
2024
2023
Wages and $818ries
Social securlly eosts
Olher p8nsion c¢ists
109,846
9.564
5.343
104.769
9.380
5.086
124,753
119.235
14-

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
R>R THE YEAR ENDED 31 MARCH 2024
employw
IContlnu•d
The nurnberof 8rnF4oyees ￿05* annual r8munernJon was morg than £60,000
Is as fDIIow8'.
2024
Number
2023
Numbor
£60.001 to £70,000
£70.Q)I tg £80,000
Taxatlon
Thg ¢harity is exernpt from tax on income and gains falliryj within sec14.on 505 of the Tax85 Art 1988 or sectb
256 of the Taxation of Ch8rg8ablo GaSnsAet 1992 to the extent that thasg arg applled to Its charftable objects.
Tanglblg fix￿ asmts
Plon¢ •nrf C•mput•rs Motarwhrtl•
Totsl
¢08¢
At 1 April 2023
Addlions
8,957
14,CKIO
26,157
24Q
240
Al 31 March 2024
8,957
3,440
14,0
26.397
Oepre¢i•tion and Impolmi•nt
At 1 April 2023
D8preaation eharged In thg year
8.935
3.018
105
11,509
623
23,462
734
At 31 Ma￿h 2024
8.941
3.123
12,132
24,196
C•rrylng arnount
At 31 March 2024
16
317
1.868
2.201
At 31 MArth 2023
182
2,491
2,695
10 Debtors
2024
2023
Amounts falllng du• withln ¢)ng ywr:
Trade debtor
10,852
15.

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THe ￿NANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Cr•dknrn: amount8 folllng du• wlthln ong y•ar
2023
l)Ih•r taxation Bnd security
AcrnJ818 and d•ferr*J incorn&
3,655
19,054
3,519
32,679
22,709
36.198
12 Retiremont b¢n¢fft •¢h•m•s
D•fiMd corrtrlbutton •chemes
The charty operates a defined contritxJth)n pension 5chgme for all qual￿1￿ ernployee6. The assets of Ihe
heme we hdd separately from th058 ofthe charity in an independw Odm￿lst?red fvnd.
costs ar8 split betsveen restricted and unreslrictsd by th8 nature ofth8 am￿0￿5 work.
The charg6 to prorrt or kjss in respBct of d8ffn8d contribtJt4on sthernes wes £5,34312023.. £5,085.}
13 Re8trlcted funds
Movement In fun
Movern•nt In fund¥
Incomlng
R•6ourr•s Ballnce at
Incornlng
R••our¢•8 Bthnc• at
1 Aprfl 2022 rn••w¢•• •XPBnd￿ 1 Awll 2023 r•BrAvce•
•xp•hdod 31 March 2D24
The Raang
Foundation
Racing to
sc￿1?1
76,149
378.000
{389.fj991
64.949
378,(X)O
1389,6501
53.299
20.887
(7.5691
13,318
14.4881
8,830
97,036
378.OlXI
1396.7681
78,267
378,000
1394,1381
.129
The Racing Foundation grant rapr858nts th8 surns receNed in this finandal year. There wa$ a fvrther s￿n due
of £189,0￿ dumo the ye8r to 31 M8rch 2021. The payment of th1$ was d818yed 88 a r￿utt of COVID 19
reducing expenditure b&k)w Ihat anticipated. This monèy wdl now be rece￿e￿ at 4 later dete wFlhln Ihe 5
year grant Period when Tequlred. The purtw of the grant is to FYoMde funds for th8 Personal D•Vd￿ment
Plannlng forJoek8ys, Coaching Development and the JDckey Coachlng PfQ9ram.
Ra¢lng to Schod grant fijndlng ceased duri￿ the 2018 financlal year. There a￿ ￿ further 8ums due. The
purposg oflhg fundlng was to 8UPPOrt coaching development managèrs and the coaching program.
16-

THE JOCKEYS EDUCATION AND TRAINING SCHEME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Anaty$l8 of net assets botsY8•n funds
Unreslrf¢ted Rostrict•d
nds
fund$
2024
2024
Tot•1 Unre•trlct•d R•strl¢tsd
funds
funds
2023
2023
Total
2024
2023
Fund balances at 31
March 2024 are
repres8nted by..
Tangiile assets
Current 83$etsllliabilitiesl
2,201
231.260
2,201
279,389
2.695
211,970
2,69S
290,238
48,129
78.288
233.461
48,129
281.590
214,665
78.26B
292,933
15 R•lat•d pawty tr8n$actlon8
There aro no related party tran6acUon8 In tho yearto 31 Mar¢h 202412023.. £Nill,
16 fA•h gén•r•t•d from op•r•lio
2024
2023
Dèfiat ts the year
111.3411
{8289}
Adlusth)ènts tr..
Investment incorne recognl$8d In statsrnent ol flnawKlal adlvltlos
Deprecl8tion and impalm)ent of tangib18 fred a$￿ts
le.3￿)
734
11.2121
898
Movements Sn *Y)rklng capltsl..
D8cTra8elllrK¥ease> In dabtor5
09m$8￿1r￿tsaS8 in credltors
10.852
113.4891
1441
654
rAsh absorbed by op•rntJon8
119.6341
18,093)
17 Anatysls of ¢hang85 In not funds
The charity had m debt dudng lh8 year.
17_