Retraining of Race Horses

Analysis

Retraining of Race Horses is a registered charity in England and Wales, based in London. It was registered in January 2001, 25 years ago. Its declared purposes cover general charitable purposes and animals, which this site groups under animals. Legally it is a charitable company (Companies House number 04089376). It says it makes grants to organisations and provides advocacy/advice/information.

In the financial year ending December 2025, Retraining of Race Horses reported income of £2.5m and spending of £2.1m, spending 87% of its income. Across the 5 years on record, from December 2021 to December 2025, income grew from £1.0m to £2.5m (+137%), an average of +24% a year. The sharpest change came in the year to December 2025, when income rose by 93%. Over the whole period it spent 113% of the income it received.

Among 2,161 England and Wales charities whose main cause is animals and that reported income, Retraining of Race Horses sits at the 96th percentile: it is larger than about 96% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include Bumblebee Conservation Trust (£2.5m), Veganuary (£2.5m) and Isle of Wight Donkey Sanctuary CIO (£2.5m).

In its latest detailed accounts, income came from donations and legacies 71%, charitable activities 25% and investments 3.8%. Gifts in wills alone brought in £15k. Charitable activities took 86% of spending and raising funds 10%. Grants to other organisations totalled £620k. Reserves of £5.0m would cover about 27 months of spending at that rate. It employed 14 people.