2021 ANNUAL REPORT

www.racecourseassociation.co.uk Contents

Who We Are Recovery: Rebuilding The Sport For A Positive Future 1 4 RCA Board 4 Each department of the RCA sets out their teams’ work as 5 The RCA Executive Structure part of the 2021/2 Operating Plan: 6-7 The RCA Values 16-17 Racecourse Services Report 18-19 Racing Report 20-21 Raceday Experience & Communications Report 22-23 RaceTech Report 25 Racegoers Club Report 26-27 Finance Report

Setting The Agenda Financial Reports

2 8-9 Chairman’s Welcome 5 28-33 RCA Financials 10-11 Chief Executives Report

Lockdown: Collaboration COVID-19 & The RCA 3 12-15 A Timeline of key activity from the pandemic mapped 6 34-35 RCA Working Groups against the RCA and British Racing’s Response

2 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 3 The RCA Board The RCA Executive Structure

Maggie Carver Chairman

Maggie Carver Charles Barnett David Armstrong Chairman Vice-Chairman Chief Executive David Armstrong Large Independent Racecourses Chief Executive

Andy Clifton Caroline Davies Paula Mohabi r Racing Director Racecourse Services Finance Manager Director & Business Analyst

Holly Cook Paul Swain Racecourse Services Raceday Experience Manager & Communications Martin Cruddace Hazel Peplinski Pat Masterson Manager Arena Racing Company Independent Racecourses Independent Racecourses Kevin Walsh Tabitha Killingbeck Matt Jones Jackie Tizzard Racing Executive Racecourse Services Raceday Experience Finance Executive & Communications Administrator Executive

Carol Walker Mary-Ann Sandercock PA To Racecourse Racegoers Club Services Manager

Jonjo Sanderson Nevin Truesdale Independent Racecourses Racecourses

4 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 5 The RCA Values Our Purpose

We pride ourselves on the quality of our work The Racecourse Association was formed in 1907. We serve the interests of our 59 member racecourses and the information we provide. to empower them to be the best venues they can be. It is our privilege as the representative of Our aim is to provide leadership to and representation of racecourses across a multitude of areas and racecourses to be trusted to deliver excellence. serve as a frontrunner in the governance of the sport. We are guided by the principles of excellence and innovation across all areas of racecourse administration. The RCA takes pride in sharing best practice, faultless research and a warm welcome to those we work with.

The Racecourses

Our members are spread the length and breadth of the country and include some of the world’s most We challenge ourselves and racecourses to iconic sporting and leisure venues. consider fresh perspectives and source original, As the theatres upon which the drama of our sport is played out, racecourses play a vital role in the overall quality research to support our arguments and ensure our output remains contemporary. success of the sport. As businesses, racecourses provide a significant source of employment across the country. As neighbours, racecourses are a beacon to inspire the local community and affect real change.

The RCA is a front-runner in the governance of British Horseracing and is part of the tripartite leadership structure. We strive to further the reach of racecourses and the sport across a multitude of areas.

Since 1907, we have served the interests of our member racecourses. We bring together 59 racecourses to speak with one voice and work equally with each. Our events are renowned for their warm welcome and inclusive nature where all voices are heard.

6 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 7 Racecourses, the RCA & the Pandemic Research shows that ‘cruelty’ is the second biggest I fervently hope that the excellent report Chairman’s reason why people don’t come racing. It should provided by the HWB will be followed through. The last year has been mainly concentrated on not take, as it has done, five years from the time I Welcome supporting racecourses through the pandemic. first raised it at the Members’ Committee, to get a In 2019, after many years of sterling service we Maggie Carver As we know, racecourses were badly hit. The RCA whip review. Finally, on structure, our industry is a said goodbye to Stephen Atkin and welcomed responded by ruthlessly cutting its own costs patchwork of autonomous businesses which need David Armstrong who has been a tower of including some substantial voluntary reductions to co-operate to an unusual extent. No single body strength since he joined. in salary to enable us to reduce fees without hitting ‘runs’ racing. This complexity, which extends to its our small reserves too badly. We set up weekly unique funding structure, inevitably generates a Together we have spent much time defending racecourse-wide calls and daily bulletins to keep number of representative organisations, each the rights of racecourses, including their right everyone informed and solve problems. We liaised with their own legitimate, sometimes divergent, to run their businesses without too much with our industry partners and government in interests, which makes decision-making difficult interference and unnecessary expense. response to the twists and turns of each lockdown and cumbersome. More evidence-based decision and provided advice to racecourses on the making, refinement of the Members’ Agreement, The RCA team meanwhile have made plenty operational consequences. The normal workday and greater clarity of roles between the BHA’s of progress themselves, in addition to their and weekend did not exist. Thanks to the wonders regulatory role and its leadership role (the latter established functions. New initiatives during of Zoom, the RCA Board were able to meet requiring the active participation and support of this time include marketing and data projects frequently to respond in a timely way to the the Members) would be very helpful. with Two Circles, a new system for owners and decisions that needed to be taken. I would like to trainers entering racecourses, partnerships with extend my deep gratitude to the whole RCA team Reflections respected third parties to challenge antisocial and the Board for their exemplary effort. behaviour, environmental initiatives such as Throughout the last six years, the RCA and its one to eliminate single use plastics, new work Industry Priorities partners in the industry have been working on streams to address diversity and inclusion these problems, with some progress made. including disability, the development of our As this is my last report, I hope that The survival of the industry thus far has been a One of the first things we did was sign the Members’ award-winning Showcase event, and most you will indulge me in not only looking mammoth joint effort with everyone playing their Agreement. Whilst by no means perfect, this has recently new projects on bulk purchasing. back over the last year, but also over part. However, racecourses’ finances have been provided a framework for decision-making. the last six years at some of the RCA’s particularly badly hit due to the lack of crowds and Levy reform and the proposed Racing Authority Given Covid restrictions I have not fulfilled my achievements alongside a personal this will undoubtedly affect their ability to invest in were major projects. The latter did not ultimately ambition to visit all racecourses in my last 15 perspective on the priorities for the the short to medium-term. We are now at a point come to fruition but as part of it, the RCA played a months as Chairman, but over my tenure I have industry in the future. where, with the prospect of returning significant leading role in setting up the Betting Liaison Group hugely enjoyed visiting the vast majority, most numbers of racegoers, we need to set the industry (BLG), the betting data warehouse and latterly, the at least several times. It still gives me a thrill to priorities. These are, in my view: revenue generation; Betting Innovation Group. The BLG has already go racing and I am deeply grateful to all those welfare; and structure. catalysed changes to fixtures which have provided racecourses that have kindly welcomed me. many millions in revenue to the sport. RaceTech, the I am in awe of the work done by racecourses Taking revenue generation, this is not just about RCA’s outside broadcasting and media subsidiary, and the quality and dedication of all staff in our levy reform this is also about self-help. It is about negotiated a new contract with RMG and gained industry – many of whom, including our own generating new betting products, maximising the TRP as a new client giving it national coverage once Caroline Davies who celebrated thirty years at utility of the fixture list, attracting more racegoers, more - a transformational step forward for the the RCA this year, have given decades of service. and improving the offering to owners. On welfare, company. The pressing need for racing to respond I would like to give my profound thanks to the I believe that much good work is done in this area, to the perception problems of horse welfare, such Board and our Members for their support, it has both human and equine, but as we know from recent as the use of the whip, led to the RCA playing a been a great pleasure and a privilege to serve, events in Ireland the image of racing is fragile and we leading role in setting up the Horse Welfare Board and I wish the whole industry every success in the need to act with urgency. (HWB) and in appointing an independent Chair. future - I will miss it.

8 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 9 Rapid Response & Pivot Sports Technology Innovation Group (STIG) and Industry Matters Chief Executive’s latterly the Events Research Programme (ERP). In February 2020, the RCA’s Medical, Veterinary, British Racing has been at the forefront of these Amongst the tripartite leadership team of British Report Racing & Turf Management Conference quickly groups which manifested in us being amongst the Racing we welcomed Julie Harrington as the David Armstrong became the first Covid-19 response meeting. first sports to welcome spectators as part of the new Chief Executive of the British Horseracing Thanks to the diligence and proactivity of the Government’s pilot programme. Authority (BHA). Julie has a proven pedigree sport’s medical advisors, it became apparent this in sports governance and has displayed these virus was going to arrive in Great Britain and would These events involved a huge amount of work skills superbly in her first few months in the role, significantly change our day to day lives. from all involved—raceday operating protocols managing the recovery of the sport following the were rewritten and racecourses were redesigned. pandemic. I’d like to share my best wishes with Consequently, the RCA Operating Plan was replaced We suffered the unfortunate circumstance that former Chief Executive Nick Rust who dealt with with a new, emergency plan with one goal: support some pilot events were cancelled at the final a number of major challenges during his tenure at racecourses in remaining solvent. Roles within our moment on more than one occasion due to the BHA and I’m glad to see he has already found Executive team were changed overnight, projects factors outside of ours, and the racecourses’ a role supporting the sport as the Chairman of paused or abandoned in place of new working control. Ultimately, the events hosted were the Starting Price Regulatory Commission. groups with colleagues from racecourses and across successful. They proved that racecourses can the sport. One thing that is certain is the strong safely host spectators within the Government/ The RCA Executive has seen some changes talent pool of adaptable, conscientious people that SGSA guidelines and have given us a wealth of in the past year too. I was pleased to welcome exists within the sport. data to share with other racecourses. Paula Mohabir as our Finance Manager & The medical data from our pilot events proves Business Analyst and Tabitha Killingbeck as The RCA has changed as an organisation. In many that zero transmission of Covid-19 occurred at a Racecourse Services Executive. I am sure both ways this has been for the better with a change in British Racecourse. will provide a valuable service for both the RCA pace of working and a flexibility to multitask and racecourses and I’m grateful for the work numerous, pressurised projects. Finance of their predecessors Dan Franzen and Katya Each British racecourse has walked a We introduced a regular, often daily, bulletin to Browne respectively. unique path in the past year-some provide key insights into the virus. We host a weekly For the first time we have included the financial operated exclusively behind closed doors racecourse forum which is both a great way to share results of the RCA Group in this annual review Our 2021 Operating Plan is a blend of ensuring (or in a small number of cases remained information from our senior team to all racecourses (see pages 26-31). This has been an exceptionally we remain vigilant to the virus and its effects on closed for 2020), some have been able to but also a much-needed social occasion as we all challenging year for us financially with total British Racing but also to begin to recover and welcome limited numbers of owners and worked remotely. revenues falling from £18.7m to £13.2m and rebuild. Over the coming pages we will highlight racegoers and some were thrust into the operating profits (before exceptional items) in greater detail our Covid-19 support work and public eye with pilot events to test safe, Representation & Pilots also declining from a profit of £0.48m to a loss each department will provide a precis of what is new operating protocols. of £0.76m. to come over the course of the next year. The pandemic has devastated businesses On an industry level, the RCA has represented throughout the sport. Racecourses have racecourses on the Covid Response Group, the In large part this was due to the loss of racing for Alongside the RCA Executive and through felt significant pressure to maintain forum tasked with making key decisions to protect 11 weeks and the knock-on impact on RaceTech collaboration with racecourses, industry business operation and a number of the sport. We led on the sport’s return of spectators activity as well as fee reductions to racecourses to partners and external support, I for one am difficult decisions have been taken- lobbying, representing British Racing at assist them in the worst period of the pandemic. looking forward to meeting these challenges. restructures, rewrites of operating Government level to prove that we can (and did) 198 RaceTech and RCA staff were furloughed protocol and unfortunately redundancies. safely welcome owners and racegoers. and the Group received approximately £1.14m of It is important to remember that these It has been a privilege to represent the sport in this furlough support from HMRC. difficult decisions are made to either save lobbying effort. The RCA has regularly liaised with businesses, or in the case of new safety the DCMS and been an active participant in the protocols, protect and save lives.

10 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 11 13th APR 2020

In preparation for the initial 31st April return date, the RCA issued a first Covid-19 & The RCA draft of safe operating protocol for Behind Closed Doors (BCD) racing having worked closely with its newly formed operations group, Government and A Timeline racing stakeholders. This document was a complete rewrite of the raceday as it has been known for decades, including the concept of a protective bio-bubble known as the ‘Green Zone’, and represented the start of how racing would be conducted safely for the next year. 10th FEB 2020 15th APR 2020 RCA Medical, Veterinary, Racing & Turf Management Conference at heralds the first acknowledgement that Covid-19 Following industry debate, the BHA confirmed an indefinite extension to will significantly impact British Racing. RCA Executive met with the sport’s the suspension of racing. senior medical advisors to understand the scale and impact of the virus. 30th MAY 2020

Following liaison with Government, the horseracing industry confirmed 18th MAR 2020 racing would resume in Britain on Monday 1st June having received approval of the sport’s operating and safety protocol. Following industry debate, the British Horseracing Authority (BHA) confirmed the suspension of all thoroughbred horseracing until at least the end of April. This suspension remained in place until Monday 1st June. 1st JUN 2020

British Racing was first major sport to return behind closed doors with an afternoon fixture at . Operating protocols that had been months in the making came into force to ensure the health and safety 19th MAR 2020 of all on-course was not compromised.

The RCA entered emergency operating protocol to help support business 2nd JUN 2020 4th JUL 2020 continuation and survival amongst racecourses throughout 2020 and created formal working groups in operations, fixtures & race planning and communications. The RCA was nominated as lead body to represent the sport in Government announce an easing of restrictions due to Daily information bulletins, weekly racecourse fora and frequent Board meetings returning spectators to racecourses. A new working group was falling case numbers, hospitalisations and deaths. commenced to respond to challenges. created and the RCA’s Chief Executive liaised closely with the In what was dubbed Super Saturday in Britain, social 20th MAR 2020 Department of Culture, Media and Sport (DCMS), UK Sport & distancing was cut to 1m+, thus giving venues a greater the Sports Grounds Safety Authority (SGSA) to understand what freedom to welcome patrons. Racing responded by would be required within the new operating protocols. welcoming owners back to the racecourse for the first Chancellor Rishi Sunak launched national furlough scheme. time in over three months. The RCA, ROA and BHA Thousands of British Racing’s employees are placed onto furlough collaborated to create new protocols, including the to protect jobs, subsequently leaving the sport with a fraction of introduction of the Amber Zone, to protect all on-course. its workforce to handle the fallout from the growing pandemic. 23rd MAR 2020 17th JUL 2020 Prime Minister Boris Johnson confirmed first national lockdown. The DCMS announced a series of pilot events for up to 5,000 spectators to test safety protocols with the view to reopening large events in the same manner thereafter. 6th APR 2020 The RCA liaised with its Return of Spectators Group and the Qatar Goodwood Festival was nominated, and Data collected from the RCA forecasted an £8.2m approved, as racing’s pilot event. monthly loss for British Racecourses as a result of the pandemic and lockdown. The RCA Executive worked collaboratively with the BHA to identify emergency funding pools available to assist racecourses with cashflow in the short term.

12 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 13 20th JUL 2020 22nd SEP 2020

Extensive plans were drawn up with the Goodwood Executive to ensure the With national infection rates continuing to rise, Government confirmed raceday met the stringent measures put in place by the pilot event programme. that no further pilot events may take place. This resulted in the Newmarket The racecourse was segmented into specific zones within which patrons would Cambridgeshire meeting returning to BCD. be allocated and asked to remain throughout the raceday, a key change to the typical raceday experience. Food & beverage would be table service, the site 31st OCT 2020 would be fully cashless and extensive pre-event communications outlined a spectators Code of Conduct that needed to be accepted prior to entry. Prime Minister Boris Johnson announced second national lockdown in an attempt to curtail increasing infection rates across the country. 31st JUL 2020

Due to concerns over rising infection rates in the North of 2nd NOV 2020 England, the Government announced the postponement of all pilot events until further notice. This decision was taken The RCA acknowledged that additional work would be required to draw up safe operating less than 24 hours prior to gates opening at the pilot event 26th AUG 2020 protocols to welcome spectators. Given the new lockdown provided time to do so, the RCA at the Qatar Goodwood Festival resulting in extreme worked closely with its various racecourse groups to redraft this protocol, taking into account disappointment from all involved and a significant financial the knowledge gained from the successful pilot events. loss for the racecourse. The DCMS announced new timetable for pilot events to take place across Autumn. The RCA again worked closely with its Return 2nd DEC 2020 of Spectators Group and nominated Doncaster, Warwick & Newmarket Racecourses noting the The second national lockdown officially ended and the difference of venue style, geography and racing country was placed into a tiered system. Spectators were codes to provide the best possible learnings for permitted into events which fell in tiers one or two, meaning other racecourses to follow. Ludlow, Lingfield Park, Haydock Park & Kempton Park became the first racecourses to welcome spectators outside of a pilot 1st SEP 2020 event since March.

In acknowledgement that technology would 4th JAN 2021 play a significant role in the return of patrons to large events, Government launched the Sports Technology Innovation Group (STIG). Prime Minister Boris Johnson announced third The STIG was comprised of major sports, national lockdown given the rapidly emerging new medical and technological experts and tasked variant of the virus was causing a significant number to develop new solutions to safely welcome of cases, particularly in the South East of England. significant numbers of fans to venues. The RCA was British Racing’s representative. 26th MAR 2021 22nd FEB 2021

9th SEP 2020 The Government’s consultation regarding The STIG was morphed into the Events Research Covid Certification asked all major sports Programme (ERP), a Government-backed technology Following significant pressure from the town’s Mayor over concerns and events bodies to analyse the benefits forum to welcome increased capacities to large around local virus prevalence rates in the wake of the St Leger Festival, and risks of the initiative. events. The ERP would seek to host pilot events Doncaster Racecourse confirmed only one day of the proposed four The RCA led the sport’s review into this examining specific parts of the safe operating day pilot would run. The racecourse welcomed 2,500 racegoers to the work and consulted widely with legal, protocol that all venues would eventually be required event in a safe manner, with post-event analysis confirming zero Covid medical, operational and communications to use in order to welcome patrons. transmission could be attributed to the St Leger Festival. colleagues from across the sport before The RCA remained racing’s representative on this confirming its submission. group and pitched events in April 2021 as potential 21st SEP 2020 pilots although these were rejected by the local 29th MAR 2021 health authorities at the proposed racecourses. successfully hosted a pilot event with 474 racegoers, a reduced number to what had initially been proposed. Owners returned to racecourses in Again, the event was a success in terms of infection control with zero England and Scotland. The RCA worked Covid transmission attributed in post-event analysis. collaboratively with the BHA and the ROA to develop safety protocols to protect all on-course.

14 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 15 We continue to review available guidance, regulations Racecourse and best practice with the support of our advisers, working groups and industry partners. Services Report Looking towards the future, we continue to develop Caroline Davies the previous guidance and operating protocols to assist racecourses in moving through the easing of Covid restrictions and towards a more familiar raceday experience.

We are also progressing ongoing development and of the Racecourse PASS System, which has been fundamental in assisting racecourses to welcome owners back to the racecourse. We will further enhance the system to allow it to support the evolving Covid protocols and, more importantly, assist racecourses in developing the raceday experience provided to owners. The development will also support the reintroduction and modernisation of centrally issued accreditation and racecourse badge schemes when we are able to do so-a much-needed piece of work that will modernise the racecourse entry process. In addition to the welfare of our equine stars, we Whilst we look forward to being able to stage will also be active in the development of strategies these courses in person once again, we are also Simon Knapp and I continue to represent the RCA to support the human wellbeing via the newly working to develop online training to support and and racecourses on the Horse Welfare Board, and established Industry People Board. In parallel to complement the existing training programme. When the initial discussions around the this, we will review the on-course facilities for potential impacts of Covid-19 took place feed into the Horse Welfare strategy development, A Life Well Lived. jockeys-working closely with the BHA and PJA 2021 has seen the arrival of a new member of the at the RCA Medical, Veterinary, Racing to develop a future-proofed strategy for the Racecourse Services Team and I am pleased to & Turf Management Conference in As the strategy moves towards the progression and implementation of the recommendations, the weighing and changing rooms in line with the welcome Tabitha Killingbeck to the RCA. Tabitha February 2020, we were aware that things professional needs of those working in this areas, joins at what is an incredibly busy but exciting were about to change, although perhaps RCA and racecourses will have an active role, with a particular focus on the recommendations related and the safeguarding and diversity strategies of time for the team and I speak for all of us when I not to the level that they eventually did. the Racing Industry. say we’re looking forward to supporting Whilst the Racecourse Services Team has to the racing surface and obstacle improvement and development. We will work with the newly racecourses and the wider industry with our adapted and evolved throughout the A key area of our support for racecourses is recovery from the pandemic. pandemic, the provision of advice and appointed Horse Welfare Board Programme Director and Project Leads, with the support of through the continuation of our structured and support to meet the needs of racecourses coordinated series of training. has remained the central focus of our work. the RCA Technical Group, and in consultation with all racecourses. A particular area of focus is the evolution of I would like to take this opportunity to the specialist Racecourse Groundstaff Training thank all members of our working groups, programme, delivered in partnership with the advisers and colleagues for their continued Grounds Management Association and designed and invaluable support. to support the training and professional development of racecourse groundstaff teams.

16 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 17 Racing Report Fixture List & Funding Race Planning Betting Liaison Group After receiving confirmation from the Horserace In what is set to be a challenging and transitional The Betting Liaison Group (BLG), originally Andy Clifton Betting Levy Board (HBLB) in October 2020 around period for the sport, our department (largely under constituted in 2018 under the auspices of the the level of funding it was able to provide for the the guise of the RCA Racing Group) will continue to Shadow Racing Authority, is now administered first four months of 2021, a fixture list and represent the views of the racecourses relating to by the Levy Board and Chaired by Mike O’Kane, subsequently a race programme was agreed to all areas of race planning at industry level. one of the Government appointed members of cover that January-April period. the HBLB. The Group is made up of senior One of the important parts of that process was to The last year has brought change in many areas representatives from most of the major betting maximise betting revenues within the constraints of the industry and race planning/administration operators in the UK, (who have been voluntarily of a balanced race programme, given the ongoing is no different, with the blanket introduction of providing detailed and anonymised race-by-race absence of crowds and the income that those 48-hour declarations across both codes serving betting data to HBLB for analysis for over three spectators would normally provide. Careful planning as a clear example. It may be that further change years), racecourse and RCA representatives, of the spread of fixtures through the week and race is necessary or warranted as we continue to plot Horsemen, senior BHA staff and the Levy Board times each day became more important than ever. a path through this uncertain period. As always, Chairman and executives. a data-led approach will guide the work our It provides an opportunity for racing and betting This approach was also applied to the work carried department produces in relation to all race to communicate and to exchange knowledge, out in the early part of the year which allowed planning matters. opinions and ideas in a mutually beneficial way. industry stakeholders to agree the full fixture list for 2021 in February. Since that point, the focus has The Racing Department was pleased to be able Over the past 12 months or so, the Group has largely been on agreeing the funding structure for to stage the latest Race Planning Seminar in tended to meet slightly more often, to discuss the remainder of the year. The HBLB ‘per-race’ November 2020, with a mixture of trainee Clerks the challenges and possibilities during the ratecard funding structure was initially brought of the Course and others who work in different pandemic, with changes to race times, running The past 12 months have been like no other in when racing resumed in June 2020 and has racecourse roles benefitting from presentations orders and in some cases fixture dates being period in the history of the racing industry. continued into 2021 but at a lower level since 1 delivered by speakers across the industry, including designed with betting (rather than non-existent The impact of the pandemic has required May, as racecourses have agreed to increase their from racecourses, BHA, HBLB and . crowds) in mind. As a result of these discussions, a high level of agility from all stakeholders, contribution to prize money as the year progresses, These seminars will continue to be staged on a a product innovation group has recently been but in particular racecourses, as they have in the expectation that crowds will return in demand-led basis but as the range of attendees formed, with the goal of working together to grappled with a myriad of changes to how reasonable numbers in the second half of 2021. continues to expand and the format evolves, increase the range and volume of betting on they operate, including in the important we look forward to staging more seminars in horseracing, including using the latest tracking areas of fixtures, funding and race planning. The key challenges ahead include confirming due course. and timing and other technology to trial potential what the funding structure will look like for the new bet types. remainder of what will be a transitional year in 2021, as well as determining the size and shape of the 2022 Fixture List. Outcomes from Project Enable, alongside ongoing data updates regarding the changing shape of the horse population will feature within this process. As agreed within the 2021 Operating Plan, the RCA Racing Department and the RCA Fixtures & Funding group will be at the centre of these conversations, ensuring as far as possible that the voices and the best interests of all 59 racecourses are represented.

18 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 19 Whilst a very different year to what was planned in We will educate racing’s workforce with a As the national routemap to recovery takes Raceday Experience our 2020 Operating Plan, the work that has been bespoke Racing2Learn e-module on autism, shape, British racing and racecourses look ongoing to support racecourses through behind co-authored and endorsed by the Autism in forward to the gradual easing of restrictions and & Communications closed doors racing and into their communities will Education Trust. We will pilot mobile sensory safely welcoming back spectators and owners Paul Swain have long-lasting positive effects for racecourses stimulus at racecourses to welcome families in meaningful number. Alongside the initiatives and subsequently the sport as a whole. living with autism. It is our aspiration that the mentioned above, the raceday experience only hurdles in our sport are on the track. work outlined in the RCA’s 2021 Operating Plan The RCA co-authored British Racing’s commitment all leads to supporting racecourses with their to equality, diversity & inclusion which provides a Community Engagement has taken a new level marketing, communications and operational firm stance as to what the sport will do to address of importance during the past 12 months. plans—a series of original research pieces using a this vital agenda. ED&I forms part of our 2021 14 racecourses answered the call from the NHS wide-range of data sources on public attitudes to Operating Plan, and will continue to do so, which to act as vaccination centres, providing tens of returning and behavioural science post-lockdown allows us the freedom to explore the current position thousands of vaccines to their local communities. have already proved invaluable. We look forward of racecourses in this area, address issues that Other racecourses served as couriers for NHS to playing our part in the eventual return to a require attention and think innovatively alongside staff, offered takeaway meals for key workers great day out: a visit to the races. racecourses to make real change. Throughout 2021 or offered a phone-a-friend service to lonely we will be working in collaboration with Great British or vulnerable people. The RCA is delighted to Racing (GBR) on an extensive research project to confirm that a partnership with Blue Light determine attitudes and perceptions of the sport Tickets has been agreed and will launch in due specifically from Black, Asian and Minority Ethnic course to offer key workers a day at the races communities. This research, funded thanks to the with the thanks of all racecourses for their work Racing Foundation, will be the basis for a number of during the pandemic. future initiatives to address the imbalance of racing’s customer base and, in the long term, its workforce. With limited or zero racegoers and owners over the past year, the raceday experience In a further ground-breaking initiative for the sport work from the RCA has followed suit with supported by the Racing Foundation, the RCA has the rest of the organisation to pivot and co-led the Autism in Racing programme. Under the approach this core function from a banner of Racing Together, Autism in Racing seeks to different perspective. raise awareness of autism with a new online presence Experiential case studies, marketing and the for the initiative. 11th annual Showcase & Awards shifted to enable us to delve deeper into community engagement, equality, diversity & inclusion and new research to support the reopening and rebuild of racecourses.

20 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 21 The horseracing industry to which we belong was Innovation remains at the forefront off all that we do will continue throughout 2021. Our aim is RaceTech Report not spared when racing stopped on Wednesday and I am delighted to have seen RaceTech continue to maximise efficiencies as well asdevelop March 18th before restarting behind closed doors to develop and refine its technology roadmap. We and support new ways of working due to the John Bozza at Newcastle on June 1st. With the loss of so have brought to market a number of new products pandemic. many fixtures we were presented with arguably and services in the year including exciting camera our greatest challenge in living memory, having to technology, such as the parade ring and in field photo We continue to strengthen our operational teams maintain the company’s ability to serve its customers finish cameras. with many new recruits in the past 12 months. despite suffering a significant loss of revenue. This has included six new additions to our trainee We have also made significant advancements in our programme. Bringing new talent into our industry We overcame the financial problems this caused via use of remote production tools and techniques. is something we are very proud of and we will both creditor and government support so easing Our ‘Hub’ at Raynes Park has been used to showcase continue to expand this important initiative pressure on cash flows. Renegotiation of our leasing how equipment can be used to supplement or in 2021. agreements was made possible following the replace racecourse roles, and work in this area support of our customers including contract extensions with our major broadcast partners TRP and RMG. Over 90% of our staff were placed on furlough back in March for the cessation period.

I would like to pay tribute to all of our teams who have been magnificent in adapting to the new protocols and procedures in place to enable racings resumption and maintain the very highest levels of safety. New ways of working in socially distanced 2020 was an unprecedented year for environments, the wearing of PPE, and business RaceTech, the racing industry, and the continuity planning has all been in place for many world as a whole with the outbreak of the months now to ensure we continue to deliver the Covid-19 pandemic. core services we provide.

Following the resumption of racing we have increased the number of services we supply to rights holders including ITV and the Hong Kong Jockey Club. RaceTech also once again supplied broadcast and ancillary services to British Champions Day with three OB units required to satisfy the external broadcasters as well as producing a Racecourse TV production.

We have also continued to broaden the contractual relationships we have in place with our racecourses, signing a long term agreement back in July with Limited. We also signed a long term extension with Chelmsford City Racecourse.

22 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 23 With racing going behind closed doors it has been a Racegoers Club challenging but transformative year for Racegoers Club. Known for our concessions scheme, racecourse events Maryann Sandercock and stable visits we’ve had to revisit our primary objectives and innovate additional ways of engaging our membership.

Members have also been engaged with the action on the racecourse thanks to our ever popular Ten to Follow competitions and a brand new Cheltenham ‘Festival Fifteen’ contest.

Our owners’ group has also continued to be well supported. After success on the track as a two-year-old we continued our lease of the Ed Walker-trained filly, Tenaya Canyon, into her three-year-old season, selling more shares and introducing more members into the world of racehorse ownership.

Communication, and creating a sense of We’re proud to continue supporting our official charity community amongst Club members, have partner, Racing Welfare, and in 2020 made a members’ been key focuses. Our member-exclusive donation of £1,575—during the pandemic demand for magazine, theracegoer, has gone from Racing Welfare’s services has increased significantly, being a quarterly publication to a monthly so donations from Club members really did help make e-magazine which has enabled us to a difference. We have also been live-linking the virtual communicate with the members more events to Racing Welfare’s Racing Conversation Facebook frequently and provide up to date, page. 2020/21 saw some changes to our Committee and engaging content. we look forward to working with our new, and incumbent representatives to develop the Club in the future. The newly formed Club WhatsApp group gives like-minded members a platform to Looking ahead, the Club is determined to continue chat about their love of the sport. working with racecourses and the wider racing industry We’ve also brought in former jockey and to encourage raceday attendance, hospitality and popular raceday presenter Colin Brown racehorse ownership. Our membership is made up of who pens a feature column in our magazine passionate, dedicated, and enthusiastic racing fans and hosts our newly developed monthly that can’t wait to get back on course and support the virtual events. These online events have racing industry. given the opportunity to members to hear untold stories from well-known racing personalities including jockeys, trainers and broadcasters.

24 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 25 The RCA and HBLB (Horserace Betting Levy Board) The role of the HBLB in the pandemic was pivotal. of capital expenditure. The project, which was Finance Report As well as the funding outlined above, the HBLB initially suspended during the pandemic, is now In April 2020, the RCA led discussions with HBLB to stepped in and contributed around £15m of prize fully underway. Paula Mohabir unlock an initial £20m of financial support, directed money over and above previous year levels in 2020 A cross-racecourse procurement group was into the following 3 areas: and have continued with increased contributions established comprising of representatives from a. An advance on the Raceday Services Grant (RSG), in 2021. large and small independent courses and one each a grant received per fixture, fund value £6m, from groups, ARC and JCR. Data from racecourses b. The conversion of Capital Credit balances The Winter Support Survival package has been confidentially shared with the RCA to (waived receipt of raceday grants to be drawn down ascertain broad usage levels enabling initial for future capital expenditure projects) for non- In late summer the Government announced the negotiations with potential suppliers. capital purposes to support the racecourse cash creation of the Sports Winter Survival Package In its initial meeting the procurement group position (fund value £6.5m), (“SWSP”) designed to support all English sports identified areas or ‘quick wins’; a water utility c. A working capital loan scheme (fund value £7.5m) organisations affected by the loss of spectators. forensic audit and a licence review of music and to assist racecourses with immediate working capital As part of Racing’s submission to Government, TV, allowing the possibility of immediate requirements. This initiative was jointly funded with racecourses were asked to provide information to implementation and savings. the Racing Foundation. gauge their financial loss resulting from the lack of spectators from October 2020 to March 2021 Operational Benchmarking Racecourse access to funding and their financial forecasts through to September 2021.The findings were submitted to Government This project is geared at helping racecourses On the resumption of racing racecourses typically (DCMS) and assessments were made to identify an learn from one another by comparing incurred material one-off or set-up costs to comply appropriate funding package for the industry. benchmarked data to achieve synergy, with the new BHA protocols. Most racecourses had enhancing raceday operations. Data will include: to undergo some form of reconfiguration to ensure After consultation with government in England, staffing numbers & costs, admission revenues and Measures were undertaken in the early strict social distancing measures could be achieved, overseen by Sport England and Deloitte, a support food & beverage spend/margins. Racecourses will stages of the pandemic to help racecourses often by creating new jockey changing facilities in package was unlocked with access to an allocation be confidentially split into peer groups and data through the unprecedented impact of the restaurants or bars. Others had to erect hundreds of £40m in the form of loans for the racing industry. indexed to enable a comparison to best practice cessation of racing and subsequent of metres of fencing to prevent access by the public. The RCA worked to clarify the comprehensive between peer groups. These results will be restriction of spectators. The HBLB Board approved a scheme to support application, eligibility documents and process, to regularly reviewed and updated. The project will the cost to racecourses of reconfiguration and enable submissions by racecourses. Negotiations fully commence once all restrictions are lifted on At the onset of the pandemic in February establishment of facilities to operate behind closed are ongoing, regarding access to a portion this the return of spectators. 2020 the RCA worked as part of an industry doors (BCD). Working in collaboration with the HBLB, package (£21.5m) via the HBLB. consultation group with Government the submission and reimbursement process was Scottish and Welsh racecourses also received Racecourse App bodies on Covid response projects which overseen by RCA Finance. The fund provided government grant funding from their respective affected both the racing industry and the over £1.8m in reimbursed expenditure across governments of £2m (Scotland), and £1.2m (Wales). The RCA is working on a further project to develop wider business community. The process all racecourses. A similar package for the Summer period is a Racecourse App targeted at racegoers, primarily included consultations on financial support currently being worked on. for the Large and Small Independent racecourses. for employees, the Coronavirus Job Alongside BCD reimbursements the RCA has The App, which is expected to go live later in 2021, Retention Scheme (CJRS) – Furlough helped racecourses access other industry funding. Finance Commercial Projects will initially provide spectators with course scheme and supporting wider business The Personal Protective Equipment (PPE) and Utilities & Capital Equipment Procurement Project information, racecards, links to ticketing systems consultation (Small Business Support face-covering reimbursement scheme made a and even interactive games. Grant scheme). provision of £0.2m to maintain the ongoing supply The RCA Board agreed there was an opportunity of PPE on racedays and a further £0.45m of funding for racecourses to combine and benefit from a joint was provided for the reimbursement of raceday purchasing power to negotiate potential savings, Covid -19 regulatory staff. initially in the two areas of utilities and larger items

26 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 27 RCA Financials The Auditors, Mazars LLP have signed an unqualified Audit Report. The Accounts were signed by the Board In order to cope with the significant reduction in Balance Sheet on 19 May 2020. Extracts of the Accounts are presented below, Full audited accounts can be found at income and to enable the RCA to offer a reduction www.racecourseassociation.co.uk/experiences/annual-report/ in fees to our members, a number of measures The Net current assets for the financial year are were taken. Substantial cuts were made in project £0.4m (2019: liability of £0.1m) an improvement costs, in administration, and in senior staff on the previous year position. Directors Report Measures brought in by the RCA to support the remuneration amounting to savings consistently Principal activities and business review Racecourses through the pandemic have between both Companies of 17% throughout the Group net liabilities incorporates the long term subsequently had an impact on Group turnover. pandemic period. pension liability of £4.2m (2019: £1.5m), the The company’s principal activity during the year Income from Racecourse fees were reduced by overall Net liability position is £0.4m (2019: net continued to be that of a representative body £0.23m (on previous year) to reflect the RCA’s The inability to host seminars, meetings and assets of £2.6m). and trade association for its member racecourses ongoing commitment of support throughout 2020. training also resulted in significant savings. in Great Britain. The group provided a range of RaceTech was able to obtain creditor support ABP Payment, Exceptional item services to these racecourses, and the racing RCA Funding by Racecourses through the renegotiation of its leasing ABP Background industry, including outside broadcast, technical agreements. As a consequence of the cessation services and starting stalls. of racing its operating expenses are 7% lower In 2016 Racing (defined as BHA, Horsemen’s 2020 % of Fees Charged than the previous year. Group (HG) and RCA) signed agreements with a Business Review QTR 1 100% series of bookmakers (the ABPs), who wished to QTR 2 50% The group operating result is a loss of £1.05m contribute a level of certainty to the future 2020 has been an extremely challenging year for however, excluding the exceptional item, the loss funding of British horseracing for the benefit QTR 3 68% the racing industry. The Covid 19 pandemic has is £0.76m compared to a profit of £0.48m in 2019. of both the betting and racing industries, in caused significant disruption with the cessation QTR 4 90% The group loss after tax is £1.09m, (2019: profit acknowledgement of the racing industry’s of racing for two and a half months, racing behind of £0.029m). contribution to the betting industry. Under closed doors (BCD) into Spring 2021, and the An additional income stream impacted by the the agreements, the ABPs paid an amount to rescheduling of classic racedays. Racecourses introduction of RCA support measures was the In addition to the administrative expenses above, the HBLB based upon their profits on British have had to dramatically adapt to safely host ability to recharge racecourses for the ‘PASS’ an exceptional item is disclosed within the racing through their online offshore operations. racing throughout the pandemic. development project, this was suspended operating loss. This relates to the RCA’s share of HBLB were not party to these agreements but was the first major sport to return in June with throughout the pandemic. Following the restriction the settlement package for the Authorised Betting ultimately this scheme generated £14m for the use of new operating plans written to satisfy on spectator attendances there has also been a Partner (ABP) rebate (£283k). Further explanation HBLB and helped support prize money prior to Government & Public Health protocols. reduction in badge income. can be found below . new legislation making these payments a statutory requirement on all bookmakers. The group results for the year are set out in the The group utilised the Government Coronavirus Total comprehensive loss for the year which Consolidated Statement of Comprehensive Job Retention Scheme (CJRS) to furlough staff. incorporates the actuarial loss, the movement As part of the commercial negotiations, three Income. Group turnover has fallen from £18.7m Under this scheme the receipt of grants seen in in deferred tax and fair value adjustment of the bookmakers, were granted incentives in the form in 2019 to £13.2m. The pandemic resulted in a other operating income totalled £1.16m. intercompany loan, is a loss of £3.04m 2019: of rebates which would be paid by the HBLB or its loss of fixtures, almost a third down on previous Advantage was taken of the VAT payment deferral (2019: gain of £0.16m). successor body. These rebates were based upon year. This translated to a £5.5 million loss in group scheme. This HMRC scheme allowed the deferral of actual levy paid in 2017/18 and 2018/19 on their revenue which is broadcast, audio visual and VAT payments falling due for the period of 20 March offshore operations. technical services related. 2020 to 30 June 2020. It has benefited cashflow by allowing £600k to be repaid by instalments to January 2022.

28 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 29 The BHA has agreed terms with two bookmakers rules set by The Pensions Regulator (TPR). Pension investments and the stock market were A comprehensive racecourse knowledge fact to pay a liability in respect of these rebates of The last valuation was 1 July 2018 and the next particularly volatile during the Covid 19 pandemic finding exercise on the financial effects of £3.4m andthe tripartite partners have agreed to triannual valuation is due 1 July 2021. however, bond yields have subsequently made COVID–19 was undertaken and submitted to support this settlement. The RCA’s one third share Alongside the triennial valuation the pension a recovery and by February 2021 were up 1.9% the Government. The financial forecasts produced is £1,133.3k. The agreed terms between the BHA scheme undertakes a valuation at year end to cancelling out the pension year end valuation for this Government submission have been the and the bookmakers require an initial payment of satisfy FRS102 relating to pension scheme movement of 2020. catalyst for Government funding initiatives. 25% of the liability (£850k) followed by staged accounting policy. Pension scheme liabilities Substantial work by the Directors has taken place payments on a quarterly basis going forward are calculated using a discount rate linked to The actuarial movements in the pension scheme to unlock a Government backed Winter Support ending at the end of 2024 with no interest charged. high quality corporate bond yields. are recognised in the Consolidated Statement of package for funding racing to reduce the risk of any Comprehensive Income actuarial gains/(losses). racecourse failure. Ongoing support utilised for To settle these rebates, the BHA, the RCA and A deficit arises when there is a gap between the The actuarial loss reported in 2020 is £2.5m the Racecourses ensures the sustainability of the HG will fund one third each of the amount owing, value a pension is required to pay out and how compared to an actuarial gain of £0.19m reported funding of RCA fees. the BHA will be the party physically settling the much is available to be paid out. The sponsoring in 2019. balance. with each of the RCA/racecourses and employer of a defined benefit scheme is obligated The business assumptions for the next 12 months horsemen refunding their share to BHA. to make payments into the scheme in the event of Going Concern are based on the estimated potential impact of a deficit. prolonged Covid 19 restrictions and regulations. ABP Payment The outbreak of the Covid 19 pandemic and The 2021 budget has factored in administrative The defined benefit scheme investments the subsequent measures adopted by the cost savings and a prudent forecast of income. The RCA has funded the one third share of the comprise of 30% high quality corporate bonds. Government have impacted the Group results. The Group cash position is supported throughout upfront payment (£283.3k). This initial payment The remaining 70% of investments are in different The Group’s revenue streams are reliant on the the year by the HMRC VAT deferral scheme. was made to the BHA in October 2020 and is assets with higher expected returns, such as activities of the racing industry and the continued disclosed as an exceptional item in the accounts. shares, property, and higher yielding bonds. stability of the racecourses. The industry has had The measures above combine to ensure the These assets are currently split as to equity 25%, to navigate through the temporary cessation of longevity of the racing industry. The Directors The remaining liability and future payments will be property 15%, high yield bonds 29% and cash racing from March 2020 to the resumption of have reasonable expectation that the Company payable by the racecourses, as a £195 increment 1%. Lower corporate bond yields, result in a lower racing behind closed doors on 1 June 2020. and Group has adequate resources to continue in to fixture fees for each programmed racecourse discount rate, and therefore increase the scheme operational existence for the foreseeable future. fixture and BHA fixtures between 1st October FRS102 liabilities. The temporary cessation of racing prompted an The Company and Group therefore continues 2021 and 30 September 2024. A similar method industry wide response and subsequent review to adopt the going concern basis in preparing its of raising the funds through fee increases has Pension Fund Movements during the Year of forecasts and operating plans. Measures were financial statements. been agreed between the HG and the BHA. implemented to support the long term stability of The pension fund valuation shows a significant the industry through this difficult time. The HBLB Pension Scheme increase in the deficit from £1.6m in 2019 to continues to invest significant reserves to fund Background £4.2m at the 2020 year end. This movement was fixtures which has a positive impact in driving the largely the result of a reduction in the valuation revenue streams of RaceTech. The Group previously operated a defined benefit of the bond yields which are used to calculate scheme which closed in 2006 and in addition the pension liability. The valuation for accounting The Group has worked to implement robust operates a defined contribution scheme. purposes, applies an assumption that 100% of the protocols for behind closed doors racing and the The defined benefit scheme is required to carry pension scheme investments held are high quality future return of significant spectator crowds. out a full actuarial valuation tri annually under the corporate bonds for the valuation.

30 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 31 Extract of Consolidated Statement of Extract of Consolidated Statement of Comprehensive Income For the Year Financial Position As At 31 December 2020 Ended 31 December 2020

2020 (£) 2019 (£) 2020 (£) 2019 (£) Turnover 13,205,245 18,790,756 Fixed Assets Cost of sales (9,041,738) (11,339,786) Tangible assets 8,505,467 9,979,066 Gross Profit 4,163,507 7,450,970 8,505,467 9,979,066 Administrative expenses (6,088,127) (6,970,637) Current assets Exceptional item (283,333) - Stocks 58,209 63,618 Other operating income 1,160,495 - Debtors 3,451,558 2,910,875 Operating (loss)/profit (1,047,458) 480,333 Cash at bank and in hand 976,205 1,189,541 Interest receivable and similar income 2,565 1,454 4,485,972 4,164,034 Interest payable and similar expenses (313,508) (463,607) Creditors: Amounts falling due within one year (4,078,055) (4,263,283) (Loss)/profit before tax (1,358,401) 18,180 Net current assets/(liabilities) 407,917 (99,249) Tax on (loss)/profit 267,253 11,688 Total assets less current liabilities 8,913,384 9,879,817 (Loss)/profit for the financial year (1,091,148) 29,868 Creditors: Amounts falling due after more than one year (5,075,642) (5,656,656) Other comprehensive income for the year Provisions for liabilities Movement of deferred tax relating to pension deficit 535,850 24,820 Net assets excluding pension liability 3,837,742 4,223,161 Actuarial (losses)/gains on defined benefit pension scheme (2,507,000) 198,000 Pension liability (4,225,000) (1,570,000) Fair value adjustment of financial liability 21,871 (87,880) Net (liabilities)/assets (387,258) 2,653,161 Other comprehensive (expense)/income for the year (1,949,279) 134,940 Capital and reserves Total comprehensive (expense)/income for the year (3,040,427) 164,808 Other reserves 1,416,562 1,508,556 (Loss)/profit for the year attributable to: Profit and loss account (1,803,820) 1,144,605 Owners of the parent company (1,091,148) 29,868 Total equity (387,258) 2,653,161 (1,091,148) 29,868

The consolidated statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

32 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 33 RCA Working Groups The RCA is grateful for the considerable time and expertise given by our group representatives who help shape all areas of our work throughout the year. In addition, the Chairman, CEO and Executives sit on various industry groups providing a racecourse perspective.

RCA Gambling Advisory Group RCA Medical Group RCA Fixture & Funding Group RCA Technical Group Caroline Davies Chair Dr Iain McNeil Chair Andy Clifton Chair Caroline Davies Chair Tony May Large Independent Racecourses Prof. James Burton Midlands Ben Cook Arena Racing Company Edward Arkell Large Independent Racecourses Patrick Chesters Large Independent Racecourses Holly Cook RCA - Co-ordinator Jonathan Garratt Independent Racecourses Simon Claisse Jockey Club Racecourses Steve Clare Arena Racing Company/ Jockey Caroline Davies RCA Fraser Garrity Independent Racecourses Holly Cook RCA Club Racecourses Dr John Edwards North West Ed Gretton Racecourse Media Group Tabitha Killingbeck RCA Holly Cook RCA - Co-ordinator Dr Marc Epps South West Pat Masterson Independent Racecourses Roderick Duncan Arena Racing Company John Currie Independent Racecourses Dr Lucy Free South Andrew Morris Large Independent Racecourses Harriet Graham Scottish Racecourses David Roberts Arena Racing Company Dr Graham Russell Scotland Richard Norris Jockey Club Racecourses Sally Iggulden Independent Racecourses Dan Thompson Independent Racecourses Dr Andy Simpson Midlands Jon Pullin Arena Racing Company Anthea Morshead Independent Racecourses Dickon White Jockey Club Racecourses Jonjo Sanderson Independent Racecourses Jon Pullin Arena Racing Company James Singer At The Races James Stevenson Independent Racecourses RCA Racing Group Safety Group Kevin Walsh RCA Chris Stickels Large Independent Racecourses Andy Clifton Chair Holly Cook Chair Chris Ward Large Independent Racecourses Kirkland Tellwright Jockey Club Racecourses Ed Arkell Large Independent Racecourses Phil Atkinson Large Independent Racecourses Matthew Woolston Jockey Club Racecourses Sulekha Varma Jockey Club Racecourses Ed Gretton Racecourse Media Group Ilona Barnett Independent Racecourses David Hunter Independent Racecourses Caroline Davies RCA James Hutchinson Independent Racecourses Tabitha Killingbeck RCA Geraldine McKay Independent Racecourses Rebecca Davies Arena Racing Company Matthew Woolston Jockey Club Racecourses Simon Durrant Jockey Club Racecourses Michael Prosser Jockey Club Racecourses Sarah Walters Jockey Club Racecourses Jon Pullin Arena Racing Company Steve Horlick Independent Racecourses Kevin Walsh RCA David Mackinnon Jockey Club Racecourses Guy Naylor Independent Racecourses Mick Stamp Arena Racing Company Joanna Wales Large Independent Racecourses Image credits:

The RCA is grateful to all racecourses, their respective photographers and the Racing Post for providing the imagery within this document.

34 RCA ANNUAL REPORT 2021 RCA ANNUAL REPORT 2021 35 Get In Touch

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