THE RACING FOUNDATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Xeinadin Audit Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and the company is well placed to manage its risks successfully. Accordingly, they adopt the going concern basis in preparing the annual report and accounts.”

Significant events

• “In 2025, Trustees felt it was prudent to review the Articles of Association within the context of the Foundation's current strategy to ensure it achieves its aims and delivers on its impact goals. As a result, a few, small changes to its Articles of Association were approved by its Members and formally amended on 1st November 2025.”
• “Hazel Peplinski was appointed as a Trustee on 25th June 2025.”
• “James Boyle agreed to extend his term as a Trustee for an additional 3 years (ending December 2028).”
• “Rishi Persad also agreed to extend his term for an additional 3 years (ending February 2029).”
• “Louise Kemble ended her term of office on 31st December 2025 having served 6 years as Trustee.”
• “At the beginning of 2025 a tender process was commenced to appoint a new investment consultant, tasked with developing, implementing and monitoring the Foundation's Investment Policy, including providing advice on strategic and tactical asset allocation, portfolio structure, performance benchmarks and investment manager selection.”
• “Trustees approved the appointment of Mercer as the Foundation's investment consultant and they replaced the previous consultant on 25th February via an initial 3-year contract.”
• “Implementation of the approved strategy meant that all capital help by the incumbent investment managers (James Hambro and Partners, Sarasin and Partners LLP, Jupiter Fund Management and Dimensional Fund Advisors) was transferred to Mercer and this process completed in October.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.