Q haril). regislrali()n niimbcr.. 11 $7S.$4
Racehorse Relief
Aniiiial RL'port and Financial Sialcmcnls
for Ihe Ycar I'"nded .1 I t)eLrniher ?D?4

Racchor.$e Relief
C'ontents
RL'li'ren¢c Adininislrativc l)L'tai1s
I'rusl¢L.s' Re￿)rt
2 1(?.I
%lalenicnl ol'"frnsle¢s' Responsibilities
IndepLndc1711--Xill?)inLr's RerK)ri
Sialciiiciil nf i- ilicincial ALlivilies
Baldnce Shl'ei
Noles lo the Fin£?llLial %iatcinL'nl
810 14

RacchoThe Relief
Reference and Administratii'e Dctail.$
c.hief F.xeciitive C)Ifietr
Mr% .ID Mcis%ey
Trullecq
mrs.lo MassLv
C'haritv Rt%islratifjn Numbcr
11 $75.54
niltpcndcnt F.iaminer
Bickerqidl-l-& Co C'liartcrLd Accountaiil
Q'c)riiwaS1
I'R27 4Q/.

Racehorsc Relief
Trustccs, Repnrt
Tlie IrLI.%ILCS prescnl ilic aiiiiiiit I reporl tnbicilier ￿.1117 iIKk liiiancial slaleniciil.s of Ihc cli(Irii)' fi)I' Ilic year Liided 31
r)eceinher 2n?4.
()bjectives and artivities
C)hjLPL'I.i oiill
l.lir Il)e ￿.ncril nl. IliL puhliL. In reliL'I'L tlie sullcrii)gv of raLL'horscs thal arc IiCgTILcled and iinwanled rf1nd in
Pdil iciiliif li) rehahili11c le. rclrniii and. i¥liL'fL (2PPI'(Ipfi41lc. rcliome sitLli aniin<ils. To educ?1 Ic Ihc PLihliL in liidllLr%
pLrtciiiiiiig l(? IIIC i¥'LIlI￿lI7b7 1¢ lid LcTrrrL'LI Ill¥iiiagpeineiil of foniicr ra¢choThL'%. l-lie ()I'gyJnisiil ic)n iva% SL¥lup li) hclp
PLU)plc wlio11¢1VL' aLqiiired an e.x-riLehi)r%e bill fifL un¢iblc lo Lari. li)r il appropriiiiel),. 'l-liis 1$ 11.siiallv IiLLclllSL'
IIIL! 1i4ive i1).&ii￿li iL'nl skill. in%iiific icnl c7biliiv nr insiiifiLiciil fiinds. Tliese t￿1}p[C Lan heiiefil fri?lii Illir clicirili,
L'iiher li'iiin Olir siiprrf)rt and idiiLdlii)n or. M.hcrL' Ihal is nc)I possible. M'c Lan lake the l?orsc froin the ()wner.
rL.lici17ililiilL Ilii li()rsc cind Iniin il li) a iicm. hoiiie.
nhjec'liv£pi. .YlrftleANie.f ¢inil iic'lii'ilie.%
Siippi?11ing I-.i-RdLLlI()r￿" ()Ivi)ers- WL. pmvide Lxperl SLIPFX)rt aiid adviLe li) slrug?¥>lingT L'.x-raccl)(?r4c ()M'nLr%
()nliiie aiid ILILpI)(Inc. ()n (iiir ivchsill. ii'c cnci)IiragFc PLU)pIL l() bFel in Ic)Iich il. Iliey. are ha¥'iii&' pri?hlcins.
Reh1hilit1< lingp ncl Rclrli iiiing l..X-R<lLLI)(Trr￿%.. l-.i-r*gcehi)rsL*.g cnn)e Ic) lis iviih a variLlI' nf prDhlLms. h()Ih
.71 nd hil)cli'ioiifcil. TIIL carl ()l- Ilie%¢. liiTrr.5L'S l1lkcR Ihc Inilj(Irili' c)r oiir rc5011recs. I'lii Illilili liinil ing rtlLlor
reg¥ii rdingp Lt2paLily 1% Ihe rLI)ple reqiiired tl) Cd1ri lor IIIL lii)r%L.s. C'iirrciill￿'. Inanclbpc IIIL H'l)rklo&l(l ivilh (IllL'
Trii%lLL (Ji) SSLVI Ivi)rkinu fiill linic. i)nL Iiill tiiiic !'ar(l ivi)rk-i'r ai7d c?n apprciiliLL. WIILn liind4 Iliiiv we
iippIciiiL'nt Illi￿ wilh Iiv(J LonlrclLtnr%. AncTriliLr I'iii%lLI' I r.niniii %ial()iil is profcs5ioi)Iil Cqliiiie Lhimpr&iLlor.
F.riiiii¢l is resiiiiiisible lor evfilii2¢ tinb Il?I lii)r%L% iYlILii Ilie). fir.st Ll)IIIL in and Ilieir i?ngi{)ing pri)girL%.s Ilir(iiik,h 117eir
Rchoiniiig, l.'.N-Rc?LL'linrse.s.' A fter sillies.￿rI1l reh7￿ bili11t li¢)n of Ihc L.x-raiLhi)I'SL'.%. Ihc Lliarily looks for siiiliihlL'
new Inan h()IllL'%. %cveii l)c)rscg were rehoii)ed cliiriiig ?11)4. Addili()111illJ'. in ?(124 Ihrec liiir.%L'S werL' lak¢n in for
re-tnining,. Diiring 2024, ni) horses were euihaiii.4ed.
'lie priinary si)Iirce ()f i17Lnme cnmeq fr()iii dniiiti()n% froni nrigiiii?I i)ii-nLr% w.li() hdiid Il)L'ir l)Iir.se£ l() I14 lor
rLI)Ilhililiilion' Dr Iri?In loaii hi)mcs wli() tdkc (In IIiL rchahililillcd Iic7r%c.&. l)i)ndlti()ns arc als() I'eclivcd friTriii thc
Lli4ifiiy .s IrLI.SteL%. IAI
L Ill￿0 rcccivc siippi)rt fri)Irtr ilic Ilrilisli I41)￿L'ralIngl s o￿lL1411 c111c ritv. Il)e Reir.iiiiii)gi nf
R4lLII)c)r.%c.s l Ri?R ). -fiici' siipp(?n .4(Jiiii ill- IliL Iiiir.%LN linder Il)L'ir "viiliiLr?t hle hi)rse schL'ine. wliiLli supplcii)Ll)Is
IIIL ¢lbovL' donL11i()n%. -l-lie prLin Iscs Il)¢i1 Ilie c1147ril)" Lijrrentl￿ ren15 has an eNcL'&s iiiiniher of 8lahles. w Ihe5e i?rc
rented as liveric8 lo providc ddiliDii¢il inconic.
Piihlic henefil
l-IIL IriislL'L'S C()nfinn I1I1i1 Iliei. h1< VC COi7ipliicl i¥'iih IliL rLNiiiremeiil% i?f ￿￿'t1()ll 17 1)r tlic L'liaril ies Act 21111 1(?
ive (IUL, I'L'¥ard iii Ihe piihliL hei)clil <iiiidcillCC Plihlislicd bv tlie L'li¢iiilJ' Cc)Iiiiiii&ii(?n flir l-.iig¥laiid L117d WalLS.

Racchorse Relief
'rruslce$' Rep()rt
Stru¢lurc. governance and mana%cmcnl
Nuliiri. ci[RciveriiinR iliii'iimi'nl
'I'lic L-harily 18 a Cliaril¥)hle Inciirp()ralcd ()￿la111&711lIn {C"IOI giovemed aL¢ordingt ID Ilie C"aiislilulinn dated 15111
rLhruciri' 2014.
'I'he Mcinhers of the C"Ill are individiiicls. corpnr4ilc h()dics. ()r represciiliilives {)f nrg)14 111%2( linn8 Ihcil drL iinl
incorpiiraled. w1i17 LillLlcrti?kc Ic) acl ii) g7ond faiili li) liirtlier I1￿ piirpi?sc.s i)r Ihc C'l()."lThc al-14iirs ()r Ilic Cll ) ali
mclllclgJc(I h%, IIIL. L'I)c?r1l￿ Tnistees. There musl bc al le*isI IhrLL ancl nol niore Ihan IwelvL. "l-rii%lL'cN. Thc Mciiihers
()r '] rLisl¥c% niil!. 1¢ ppoinl nciv Triislci'% ill iini lime provided Ihai new Truslcc's appninled bl, I'riislcc4 Inii%l rL.lirc
l<lll(I niilv EK" re-￿1P[MI1l}ted) ¢11 Ilie nL'lI A(iM.
C)rKani.i¢ilioiiiil.Ilriicliire
l)L'CI.%l()n.% are mcide h%. .4iinple miijnrilTr' of vc)les al ¢1 iiicclingi of Tru51ee5 Iir hv resolulioii 1711lilc 117 H'riliii£i Iir iii
cIL'clr()nic li)rm tiiid 12bprei'(I h). IL11 'l'nislees.
l>cly In dl¢ y nil¢ lic1lYL'iiienl nf lh¢ Cliaril). .s arrairs and linc Inanagweme171 of slnlT is delegFaled lo Ihc L"'17iel- ()(fiLer
111(l Trii4lee. Mrs .10 Massey.
'riiL' aiiniiiil report approved hi. Ilic IriistLYS ofil)L' Lliarilv oil
.si&incd (In it% behalf-hy..
-rrii.%lL'I'
C'IIIL I- I'.ILCLilivL. (Iificer and I ruslec
Pa&pe _I

Racchorse Relief
Stalcment nf Tru.slces' Respi>nsihilitic
Thi, Iflislees respnn.8ible fnr prcFMrinb the inJ%lees' rep()ri and Ihc finanLial %lalciiicnl.s in aLC(Irdaiice will) Ilie
linilcd K Ingdi)ni ALi(iiinliiig %i£lndard4 (I Iniled Kin&di?In Iw¢ncrallv ALILpled ALC()Linling Pr2LI ILL.) ￿li1d
-rhL lill¥. 1ippfic1c blL li) Ihiirilies rcciiiiies Il)c In151LL% In prepcirc fiiiaiKial 4l¢ilciiienl% r(Ir eacli f1111& TIL ial yciir which
IIILI l¢iir view of the qliilL' ()[ ¢ifi-"Iiirs nl- IliL Lliaril). lid lif Ihe iiiii?Iniiib? ri%oiii'cc% aiid appliLc?li()11 1)r
rc8()Lirces 1)t' Ilie Lhcirilv flir Ihal period. In prepiiringt Ihesc financiiil s11( lenienls. Ihc truslces 47fL fL'Liiiircil Ici..
%elcLI £iiil?c hle %lCC(TrLiiiling' poliLie4 and ilien applN' Iheii7 coii%isteiiily-
cTrb%Lrvc IIiL niL'lliod.s lind principles in Ihc C"liarilie% SORI).
Inake.jiidgTemenl% lid e%litTialL% Ih¢il are rca4()nahlc and pnidLnl'
111 IL wIIL'ilier Applicable <lCCOtintin¥ slandclrds liav¢ hcen followc(l. siihjecl lo aiiv nialcrial dcpartures
disclosed and cyplained in Ihe financiit I slalcmenls: and
prep?c re thi. finiincial slateinL'llis on ihe g(TringF conL¢rn hasi4 iinless il 1% inappropriale In presume Ihdl Ihe
charilv will L(Trnliniie in biisiness.
Tli¢' Irii4le¢'s 1¢ fL rcspiin5iblc l(Ir keepiiig pmpcr aLL(iiinling7 recor(l% Ilial di5clo8e witli rea.4onahle aLiUTacy al any
liiiii IliL liiiaiiciÉ?I p(?%i(in17 1)r Ilie Lliaritl. i?nd Lnililc tllciii in cii%iirc 1111¢ I IIiL finaiiLial %laleiiiLlli% Loini)ly willi Ilic
L'hiiril ILS ALI ?() I l. Ilic appliLahlc C-liarilie% l Acci)11111s Rcpi)M.s1 RLgiLilatilTrll.5. 11 lid ilie pr(?vision4 ol- Ilie
Liiii%liliili()n, -I'l)L" trii%iecs are ￿71%() rLSPtiI)4ibli l(?r safcgTiiarding Ilic 11%scls i)l- Ilie eh.Irili' aiid l)CliLe l()1' 141kiii
rL'q¢ siTrnHhlc slcps lor Ilic prevLiilic)ii and clLYectinii ()( Irdll(I lind i)Iher 1￿c￿li41arilIc￿.
lo
.gigiiicd ()n ils behalf hv..
Mr P(Iiil M*Yrfy
I riisiLL
L'liiel- l-.xeLiilive I IrricL'f ciiid Tnislec
Pagpc 4

Racchnr¥e Relief
Indcpendent F.xaminer's Report to thc trusteei of RaL'chnr.sL' Rclief
I rLi71)rt 11> Ihc cli.Irilv ini.stces (>ii m>. examin¢ltii)ii (kf ihc aiL()unts nf IliL Llii( ril!, r(Ir Ihc year ei7de(I I I IX'LcinbL'r
2014 wliiLh tire sel Dill on C) lo 14.
Re%pcclive responNihililit% of trus1￿e5 and ei*mbner
A% IhL' Lh<lrilv.s Irii.%lces ()r RaLehorsc ReliLI' yi)11 are rc%p()nsible for Ilie preparation nf the 11ei()Iiiil% in
aLL()rdtl1)Le willi Ili¢, rcqiiircmenls lif IhL C'harilics ALI 2011 I'lhe ALI").
rep()rl in respecl ol. Inv ei1& iiiillcilion lif Ihc R1( Le17()r%c RL'licf% dlL(iiiiil% c(irricd niil under .%L'LI ioii 14$ 1)I' Ilic
2111 I ALI 1¢ nd irb CÉlrTh'ingi 4)Lil exaiiiiiicilinii I liave fDllc)ii'cd all IliL appliLal?IL t)11-ccli(?ris gllVLll l)). Ilie ('l)Iirily
L (1111117188inn iinclL'f seclicin 1451 S Mbl i)1-117c Act.
Indcpendenl examiner'.9 slatemenl
1111¢ ve c()InplL'led iiiN' e.xain in&i1icTrii. I cui)firni 1111¢ I nn malerial Inallcrs1147ve coinc IiTr Ins, allenlinn in coiiiieclicin
with Ihc examiniilinii gFivinbY nie caiisc t(Tr belici'¢ Iliilt ii) li11￿ Inalcri&il rL".%pccl-.
4ILL()IiiilingF rcLorils were ni)I kcpi in r¢spLLI ()r RclLch()r.* Rclicfas rcqiiircd hv s¢xliÉ)1i 1.311 ()r Ihe Act: or
2. Ilie 1¢ ICI)Iinl% clo nnl aLLord willi Ilii)%e record%" or
3. Ilie &iccoiinl% (lo n171 ci)iiiplN iviih the acLoiiiilin¥i rcquirciiiLnls LQliLcriiin¥i Ilie fiiryn and conlcnl of acci)Iinls
el i)Iil in IIiL C-haritics (AcLoiinl% {IiicI Rep()rtN) RLLFiil¢11jnii% ?DnX niliLr Ihiin ali!, rcquireiiieiil Iliiil Ilic
Lcoiinl% &PlVL' .? 'Iriic aiid
iir vieii i¥,IIiLh is iinl 1114111er Ll)n.si(lercd as parl ()l- ali ii)(ILPQ'lI(ILiII
I h&lVC lir> LOIILems iqnd lici•¥'e come IiLri)ss iii) i?Ihcr lliAtlcr% iii L()nncclin17 i4'iili tliL' e.xaminil ioii l() wl)icli 1I11enli()ii
8lioiil(I he dr¥iWli in Ihi.s repnrt in nrder enablc li priipL'r iinclcrsl<1ndiiig¥ lif Ilie £lLCC)iinl.F If) be rcacl)L'(l.
eiiiiilir l )pie
'C'A
Il¢iyle
("i)niwc111
'l-R)7 4V/.
l)alc'.
I'a¥e S

Racchor.se Rclief
4•tatcment ()f Financial Actii'ities fnr the Year Fndcd 31 Deccmbcr 2Q24
Tolal
2n24
Total
2n23
Nole
Incomf and F.ndnwments frnm:
2()? 798
43.819
141.057
(?.()77
TiTrl#l inL(Ime
.3a6.()17
22X.014
F.xpenditurn on:
C"l)di'it1¥ blL
.(150.7(?4)_
(IRI.2()0)
l ()Ici1 expenditure
.(150.7Cyl)_
(181.2()11).
Nel In(Iveinenl in flinds
1 55.853
4().774
Rccon¢iliatifjn Dffuncls
Tol<il fiinds hrniig,hi fonvard
7.2.59
(.1951fj)
'rol¢11 fLind% Llc rricd l()rward
13
l().l.I l?
7.2$
All i?i-Ilie ihiiril!1'5 11 clivitiL% derive froni i(Iiitiiiiiiiiyi (?peral ion% duringT ilie iivo periods.
I'lie liind% bi'eakcl(?iYii for 21124 1% %linwn in nnle l_3.

Racehor4e Relief
(Rc%i%tratiiin numher: I1.57S.$4)
Ilalanci, .Siheet a.s at .11 Deccmhcr 2024
2024
21123
Note
Fixed assel
321 ?66
Current a.￿￿1$
l)chii)
C'¢isli al bank <ind in haiid
11.21.1
11,X92
2.1.105
9.148
3.-341
12.491
Credi¢(Jrs: AmTruDts fallih% due w iihin one year
el current $5els
(46.517).
-(57.$2?)
(23.41?
Total a.4.set.5 le*% Cur￿￿1 liahililie
(4.5.0.3 l )
?97.854
312.807
Creditors: Amounts falling (lue after more than one vear
Net H.ssels
.(134.742) .￿30$ 54X)
163.112
7,2.59
Fun(15 of the charity:
Ilnreftricled ineome funds
l Jl)fL%lriLled fiiiid%
Tfital funils
IC)1.112
7.?.$
'lic li1111 IILial %lcltcmcnls 1)n pagie% 6 1(Tr 14 werc approved Ihe IniftL'es
IO
.L)li nd siyrnL.d nn IIILir ￿.11¢111- h)..
and Ii1111?orisLd fe>r is%iic nn
Mi. l)diil Mas.%cy
).ksev
C"hiL r F.xL'Liilive ()i-fiLcf dnd Tru.%lee
Pa&ie 7

Rai'ehorse Relicf
ote$ to the Financial Statement% for the Year Endcd .11 Dccemher 2024
l Acciiunting pnlicies
¢italemeTrl of rDmpltranee
'I'hc fili
iiicial .slaleiiiLnls havL. heen prewdrcd in 1iLLnrdl¢ nce wilh Accounlingi and Reporting hy Charilies-.
SlalLinei11 ()[ ReLnllinieii(lid Pr7￿ CIIL
rfrpIiLl<1)le In cliiirilics prc'pdriiigv IhL"ir acloiiiits iii aLL(?rdaiice ii'iili IIiL
i111( nCl&il RLP()rliiig, Sidiiddird iippliL1hlL' in the I IK 41nd Repiil)IiL (Trf IrelLl1)d IfRS 11121 IclTeclivL l .laniiclry
20151 IC'h1c rilie.s %( IRP I l.-R% I n?11. Ihe l. inai)Llt11 Rep()rtiii¥ .%iaiidard c1pplicahle iii Ilic I IK aiid Republii Ill.
Irclaiid I I-'RS 10?) and Ilic C'l11irilic% Act ?0 I l.
Basig Trf prep#rTri tion
RaLL'hurse Relicl- Incefs the dcfiniiinii c?fa piihliL heiiL'fit enlil!. linder l.-RS 102. A.ssel8 aiid liabililies arc inilially
recogbiii5ed al hi%li)riLal co%1 nr Ini).k'iLlion value iinless niherH'ise slated in the relcvanl aLLounlinL policy nnles.
Fxemption frTrn7 preparing a c4sh flom. stalemeni
'I'lie Lharily iTrpled lo e&lrl%' adnpl 13iillcliii I piihl i%hcd on 2 1--ebruary 21116 and have Iherelnre not included a cash
Ili)M' slalL'ineiil in Ilic4e fiiianLiiil slale117Lnl%.
(Doin2 cnoccrn
'I'lii Iiw%lLL% L(In4idLr that therc arc no millcrial uiTrcertaiiilies aFK)ul Ilie Lharily'.s abili15' to c()nliniic as a gioin
LonLerii.
Voliiiilcirv inLI)Ine inclliding di)nalions. gift.s. ILg7acics and gyrnnlq Ihal prDvidc core fLiiidinLy or drc i)l- i? gicncnl
n¢llLire i.s reL(?g1ni￿d when the cli£irilk hcis enlillemenl Ic) Ihc inLome. il 1.4 pr<)b2c ble Ih1rt 1 Il)e inLc?iiic ii'ill he
reLeived and the iimoiiiil Laii be Ine1¢ %iired w'ill) %iiificienl relidbilily.
DipnulicJn.i iiiiilleA*{ic'ie.s
l)Oniilini)s Jiiil ILLY1& LIL% are rcci)gini.se(l (?11 Il recLival)Ic hasis wlici) reccipl is prol)able ancl Ilic iimouni can he
rcliahls, n)easLired.
Dcinnleil.iervic'e.i anilfnc'ililie.f
Where serviLCS nr fi?cililie.s arc provided In Ihe charilN' a5 a donalion ihal wauld normiillv be piirchiised frnm ()Iir
Lipplier%. Iliis henetll is incliided in Ihe fin¢inLial slatcmenl_% al il's fair value Linlc.58 il's fair Iiie V¥llll)ol bc
rL'liablv Imeasiired. then al the L051 l() Ihe di)nnr nr the rcsale valuL' of good8 ihal are bc si)Id.
F*ipendilure
All expLlI(lilLirc i.s recoginised ()nce there if Il le¥?al Dr coiislniLlivc ()hlig£ilion In tlial c¥peiidil1sre. il is priibahlc
seiileinLni i.s rcqiiired anil Ihc 1n?iTriii?I CÉ?ii hc IilL¢l.siired rLliahlv_ All i()slf 41re illoL.ItL.d in the iippliiabl¢
LXPL'iidilLire heciiliiig, Ilial <ig'¥iregid• IL. %imilar Losls io thai calcg70ry. Where Lc)%ls Lannol be direLIIy ¢illribiilLd lo
P?( niiiil<ir he1( dilig% tl?LTr l?avc heen alli)Ciiled (In a b&lS1S Liin%i%ienl will) Ilic 118e of resourccs. willi Leiilr(11 .51¢lrr
ci)$1.5 Ic11(IL4?lecl ()11 IhL. ￿￿￿.415 (Il- time .spcnl. aiicl dcprL*iali4)n charbjes allocated on the pnrticin (If Ihe asscl's Ll.se.
i)Ihcr SLlPPI)rt c().%ls arc ii IIc)¢¢11ecl h¢i%ed on ilic 8prea(I i)l-Sicirrcn41s.
Pagic 8

Racehorse Rclicf
Niite.s to the Financial f¥latemcnt.s fTrr the Year Ended .11 December 2024
Chiiriicihle ui'iivilie.I
C'h¢iril&ihlc expendiliirc compri%cs Ilii).%c Li?sls ine11￿e￿ hv Ilic Lhirili. in the deliwerv ol- ils acliviiic% c?iid 4erviLL'
l()I' ils beiieliLiaries. li inL liidc.5 hDilI Lo.s1.s Ihal LJli he 4711oLaled dirccil J. Ic? SULII (ILlivilie.s aiid Ili()se Lnslg ol- 1111
iiidirecl iialiire iieLess¢l11' Ill SLlPPOrt Ihcni.
GovcrnAncc cn.sl¥
-I-IIL%L' 11)LltidL' thl LllSt4 tillrihiilahle lo the Lli<11'ilN' s Li)iiipli1c nci. il'iili ci)nsliltilii)nal aiid slaliil()ry reqiiiremeiil%.
inLILidiiigi [Iclil. .slrcilcg7lC nlcliia¥FcniLiil and IriislcL.s S Illl￿1111¥J.s arid reiiiibi1r￿d expi'nses.
(Join2 C'nneern
Ai IliL enLI (Il. IhL' ycar. the ehrt1ril}' s nL*I assets were in a deficil ￿}sItIO1). 'fhere is a Inan ()wingy lo Ilie InislL'L
lield i¥iiliiii Ir)IlLi Icn?I It￿1￿14111C.￿. Tlic -fni.%tcc4 hai'l yTiveii assiiric lice Iliai Iliey will nnl .4eck repdltrl)lellt fil- Ilic loan
Iinlil tlie Lliarily is in P(i%ilii)ii wlierL" tliev liavc rcbiiili ilic reSer￿e￿.
Taxalion
Tlie Lhrfirily i.s considered i(1 pass the ie%l8 sel Diit in Parngiraph I SLhcdEile 6 of the l--iiiance ALI 2(TrIO tiiid
Iliereli?re il Inecls the dcfinilion Df a cliarii?¢ hlL Loimpan￿ lor IIK c()ry)i)rnlioii purpn%c%. ALLordiiig'lv. IhL'
Ll)<2rily is p()leiililc11 ￿. LXLmpi Ir()11i 11¢ .IHlion iii rLSPCCt nf incoii)L' or capilal giilin.s reL'cived
CI)VLrLd hy (.'liclPlir _I ljilrt I l ()I' Ihe C-orpnnli()ii -1 di ALI I{1 111 ()r Seclii)n ?5() ()1" Ilic I..
<11￿￿11{1￿ ()r ('hiifgiLahle
(Yilili.% ALI I (192. 11) Ilie eylenl Il)'Il SilLII iliLnlllL' ()I' gyain.s <lfe 4lpplied LiLlii.%ivcli' 117 clidrilahlc PLirpo%e.%.
Tan2ihle fixed assels
Iiidivicliial li.xL(l ssels ci)slinb' £o.nn nr ni(Irc i?re iiiiliallv rec()rded ai ci)%l. le$8 any siib%cqLieiil accLiiiiiilalcd
dcprix iati(Trn din(l %iihscqiienl <iLciimiilalcd imp¢iinneni 10%ses.
I)LPI'Cllcili()ii is priividcd nii Idii¥)ible fiicd lo ii.rile iiff the ci)51 iTrr valualioii. less iiny L51iniic lcd
rL'sidLliil Vciliic. ()VL'r Ilieir L'Kricclecl ii.seliil CLI)111?111 IL lifc li% li)Ili?i¥s.'
Trailc (Iclitnrs
I'cidi (lehi()￿ are Inoiinls due from Lll.slomer.q for merchandisc s(Jld or serviLes perlonncd in Ihc (yrdinAry
C()Lir%e ot. hLlSinc%5.
-1 rii dc dLbiors are reLog7nise(l inilii111!' ii I Ihe lrnnsaclinn price. They arc sub%eqiicnil!' mca%iired cil IllOrtISLd Lost
IISIIIL Ili< elTLLlive iniere81 nieiliod. less priivisinn lor i1171)ain7ienl. A provi%iiiii l()r Iht. iiiipairmcnl of Ii'i?dL'
(IL.l)li)rN 14 Ls11c hli%lied wlien Iherc is (IhjeLlivc ¢videnie Ilial Ihe Lharilv I41ill not bc ablc tn c()Ilccl lill ainoiinls (Iiic
¢lCC()I'(liiigv lii IIIL (?I'igbiniil tenn.5 cil- Ihl rLLeii'al)IL%.
Cash and ca.sh equivalenl.s
C"c?%h lind ca.sh eqLiivalenl% coiijprise La8h on hand and call dcp()%il%. and niher shnrt-lerni hig'hlv liquid
iiivc8liiicnl% Ihi?l are re<idily convemiblc l() known ilrnC)Iiiil nf ca.sh aiid are siibjecl l() in%igJniliL
.Inl risk of

Racchorse Rclief
Nntes t(1 the Financial S>tatemcnts fnr the Year F.nded .11 December 2024
Trade crrdilor5
arc ohlibvatii)n% li) P¢ly fnr &PCMKls (Ir scfviLL% thai h<ive been aLquired in Ihe ordii)aTV Cl)Iirse Dr hLi8ine58 fmin
%uppI ILI'S. ALL()Iiiil% P(i￿ahle arL' Llil.ssil lcd Lurrcnt liabililie% iftlie dne% nol liiivc an LlliCC)iidili()iial ribtrhi. I111)L'
L'iiil (Il- IliL rL'pi)M ing peri(￿. tn dcfer ￿ttI(MCl1t ofilic crcdili)r for al leasl Iwelvc ninnihs aller the reportlllL d¢lte.
I (- IliLrc 1.% an tinco1iclilioii￿ll ri&plil li) defcr k'iilciiieiii Inr al Ica.s1 livclve iiiclnihs after Ilie rep()rtiiig7 clale. IIIL'V are
prc%L'iilecl niin-ciirrinl li'ihililils. iifL' reci)¥triiised inilii111N' Ihc Irdnsaclinn price and siihseqiiLnil)' nicasurL.d 111
ainnrti%ed c().%1 11singy 117L L'llcLIivL' iniere_sl iiieil)cKI.
2 Tru.slees remuneration expenses
No Ii'uslLX'S. n()r rflny pcr￿)n8 Ll)nneclcd willi Ihein. liavc received an!, remiincnlion fr()iii Ihe cliaritv durinbl the
ycar.
3 Independenl eiaminer's remuneration
2n24
2023
Oiher fees Ill examiners
I-IIL. L.Xdiniiiiiig? nl'aLCI)iinl% nf aiiv dSSIK'ialc ol'thl cliarili.
4 TA.IAtio
'rhL' chiirily is a rL'¥ii%lered Lharily and is Iherclore cxcmpt fr(Trm la.xalion.
Pabie l (I

Racchnrge Rclief
Notes tTr thc Financial Sitatement% for thc Year b-ndcd I l Deccmher 2024
S TAngihle fixed g&$tl.s
Land and
huil(lin%4
Furnitu￿ and
equipment
Mt)l(Jr vehicles
Ai l .1¢1niitiry ?ll24
Adcliliiin.s
4_SQ 876
16.429
-f16.fy2.5
Ai _I I [)eCLnil￿r 2024
459.%711
I C?.429
40.32(1
516.{?2S
l)eprecialiTrn
Ai l Jantiary 2024
Cliilr¥c lor ihe vear
107.95?
1 ().1189
3,10
-14.74fi
1 SR.7X7
-3().572
Ai .1 I IleLcmher 21124
1.311.(11 O
16.429
40.320
195 1$9
Nei hook value
AI .311)CLL'inher ?024
321
-121.21?C)
AI I I l)L'LLmher ?Q13
-1$1.924
-340
3_57.8_351
6 1)ehior.%
2024
21123
-rriiile IlL.hii)r.s
VA-I. giril1l1 ripciyahle
PrL'Pgivnieiil.s
7.472
48
1.67(?
$011
.14%
7 Credilors: 4mounl.s fallin% dye wilhin rjne ve*r
21124
2023
.1 radL' cfL'dilc)r.s
9.()15
?2.516
I)AYI: & NIC.
( )IIILr crcdili?r.%
l(i.f8(1
1.{)14
i.-Ino
4().517
% Crtditiirs: Imnunl.s fallin% due after lino vear
2024
202J
()tliir l(kin.
1.14.742
.Ins $48

Racehnr.se Relief
Detaile(l %tatement of Financial ActiTritie.% for the Year Fnded .11 Deccmher 2024
Tolal
2024
Tnlal
2023
AprpLcils and 1117n?c l ii)n
IliTrntitecl list ()f liiLililies
8.5.679
177.119
?62.798
()9.840
11)1.0.57
I'liiiriinhle uc'lii'ilief
MLinhLis1Iip
Rehi)ming' l.ees
l.ivery Ine(Iine
1.7.10
1.340
I i.$00
24.1.17
3fy,977
41.08
4.3.819
C liarilahle a<'ljipilie.¥
r)ir¢il Ll).%ls - l-.4llL.%lriaii
SiibcniilnLI lrfihiilir
{47.2$7)
(2.8C)8)
145 511}
{8.?SQ)
1.$4.()O4)
Rt"nl
l.ib'hi c1nd hL,
l)ropcrty rLpdirs & niainlcnanLc
Iii%iiraiiLe
Mi?l()r c¥pcn%e
AIlvLrtisiiig
17a.296)
(7.fjllnl
l()()91
(2.4641
1? $5.B>
2.740}
1111)7}
{1(￿)
{S.574)
(3.391
(.30.6511)
l)cprcLicil i()n Trl- fiNILifi's Iin(I fillin¥F5
l)eprecil¢ li()n i)l- leasel)(Ild propcrtj.
Chariiahle donalii)n
AcLDiiiilancv fees
Indipcndeiil CX<ll)iiiicr'5 lee
{S.574)
(861)
130.6.$8}
{189}
1512)
1 $0.7CI4
{?Iiv}
181)(I
Pagie 12