Wavertree - Charity Trust

The Trust is a Charitable Company limited by guarantee (charity registration number 1111771)

The Wavertree Education Trust

... to raise further funds in support of their charitable objectives...

The Trust is a Charitable Company limited by guarantee (charity registration number 1111771). The Trust operates under Memorandum and Articles of Association approved on 14th October 2008. The nature of the Charity is grant-making; The Trustees meet formerly at least twice a year. The Charity has no directly employed staff.

Students gaining essential skills & experience

Key People

Richard Fuller

Chairman

Richard Fuller, 58, a graduate of Harvard Business School, joined Fullers in 1984 and was appointed as a Divisional Director in 1992 and to the Board in December 2009 with responsibility for sales and personnel. Richard is currently responsible for Corporate Affairs and government relations. Richard joined the Board of Trustees for The Wavertree Education Trust in 2011, before becoming Chairman in May 2019. Richard has a keen interest in all types of equestrianism – he is currently Chairman of Kempton Park Racecourse, and is a former Chairman of the Point to Point Owners and Riders Association and President of the Shire Horse Society. He is also a Foundation Governor of Dame Alice Owen school in Potters Bar. His strong background in business, education and bloodstock make him well qualified to be Chairman of the Trust.

Brian Chandler

Trustee

Brian Chandler is a qualified chartered account and a former partner with KPMG, and has been involved with The Wavertree Education Trust since its inception, and has been Chairman of the Trustees for the last 11 years, before stepping down in May 2019.. Brian was formerly Finance Director and a Board member of the National Stud and Finance Director of Racing Welfare.

William Sporborg

Trustee

William Sporborg, 51, joined the Wavertree Trust Board in 2016. William qualified as a chartered accountant in 1986, before spending his career in the world of private capital, working in private equity, venture capital and latterly, niche alternative asset trading. William has always had a keen interest in the bloodstock and racing world, initially as an amateur jockey, including finishing second in the 1988 Velka Pardubice. He was a Director of Huntingdon Racecourse, from 2003, for twelve years, and in 2006, he founded Breeding Capital, a bloodstock trading company. In January 2017, William became a Director of Newmarket Racecourse. William is a trustee of the Sir Jules Thorn Charitable Trust and is a member of The Jockey Club. William is married to Kate, he has two children, Emily and Sam, and he lives in Wickhambrook, near Newmarket.

Nick Wingfield Digby

Trustee

Nick Wingfield Digby, graduated in 1972 from Bristol University Veterinary School., before joining Rossdale and Partners and became a partner in 1979. Areas of particular involvement include gynaecology, assessment of youngstock and growth problems in foals and yearlings, auction sales work and acting as an adviser to the insurance industry. Nick was Managing Partner of Rossdales between 2004 and 2012 and stood down as Senior Partner in April 2014. He has continued to act as a consultant to the practice. Nick is Chairman of the Trustees of Beaufort Cottage Educational Trust and a member of the scientific sub committee of the Horse Trust and has been a member of the Thoroughbred Breeders Association/ Animal Health Trust Course of Instruction Committee for 28 years. In 2013 he joined the National Stud Training Review Group., and became a trustee of the Wavertree Education Trust in 2016.

Fiona Dowding

Trustee

Fiona Dowding, 57, read English at Somerville College, Oxford . She has since divided her time between her two primary interests : education and horses. She worked for many years in the secondary sector, teaching A level English and at senior management level. She also spent 5 years working for an educational trust, specialising in prep schools. She is currently back in Oxford pursuing a Masters Degree. Fiona has been involved in many aspects of the equestrian world as a rider, instructor and breeder. She lives just outside Lambourn with her husband, two teenage daughters and rather too many horses.

Lynn Clarke

Company Secretary of the WCT

Lynn Clarke, started her working life with Barclays Bank, combined studying for ACCA with working for the Anglian Water Authority and University of Cambridge Local Examinations Syndicate. Lynn joined the National Stud as Finance Manager in 1987, and has been Company Secretary of The Wavertree Education Trust since its inception.

The Charity has no directly employed staff.

Charitable Objectives

The primary objects of the charity, as stated in its governing document, are:

(i) to advance the education and training of persons especially the young to prepare them for trades and occupations in the equine industry and, in particular the breeding of horses, and thereby advance them in life;

(ii) to advance education through the provision of public access to the educational facilities offered by NSL (or such other organisation providing similar education facilities) including but not limited to a Visitors Education Centre where the public can learn about horse husbandry and, in particular, the breeding of horses and to promote through education, humanity and morality among the public in the care and consideration of horses;

(iii) to promote and encourage research into the breeding, use and management of thoroughbred and non-thoroughbred horses and facilitate the acquisition and distribution of such knowledge; and

(iv) such other charitable objectives beneficial to the community consistent with and complimentary to the objects above as the Trustees shall in their absolute discretion determine.

Current & Recent Focus

The Trust was initially endowed (as a consequence of the sale of the National Stud from the public to the private sector and through the medium of a very generous anonymous donation) with funds which are earmarked for use on the education and training activity at NSL. Annual revenue grants have therefore been approved by the Trustees to support the Education and Training programmes run by NSL, which would otherwise operate at a deficit and prospectively not at all. Programmes (in terms of their outputs, their fitness for purpose and their value for money) are monitored in part by a Training and Review Group which is representative of the Thoroughbred Breeding Industry, and which looks in particular at Industry need, relevance of courses, and placement of students at the completion of the courses. The Trustees are seeking financial funding in sustaining revenue support through the medium of bursaries for individual students.

Additionally, the Trustees have made available capital monies for new Lecture Theatre facilities at the National Stud (the Joan Westbrook Lecture Theatre), secured principally through the application of the generous donation referred to earlier, and further supported by the generosity of the Niarchos Foundation. The trustees have also supported the refurbishment/renewal of the accommodation block at the Stud, with additional donations from the Childwick Trustees and the original anonymous donor.

Finally, the Trustees are seeking to raise further funds in support of their charitable objectives and in this regard are the beneficiaries of substantial contributions from the Moller Trust, for which the Trustees are very grateful.

The opportunity to expand equine knowledge, for those wishing to explore the enchanting world of thoroughbred breeding and racing, can do so by embracing spectacular opportunities offered through the extensive courses and specialised lecture formats available through The National Stud training programmes. An opportunity not to be missed which is fully supported by Cheveley Park Stud.
Chris Richardson
Managing Director. Cheveley Park Stud
The National Stud Apprenticeship course is a wonderful opportunity for young people entering the racing industry. It gives them the confidence to handle horses at a basic level; furthermore it gives the employer the knowledge that any graduate has been trained to that level. We have two fantastic recruits this year and the most impressive member of staff who joined me from the course twelve years ago. If the course didn't exist you would need to invent it.
The Hon. Peter Stanley
New England Stud
A very good course for beginners and more experienced starters to the industry. One of the best practical courses I have attended. The course was extremely insightful and enjoyable, if I could do it again I would!
2012 Pre- Apprenticeship Student
I was lucky enough to be asked last year to come and address the students at the National Stud, which took me back to my own days as a student there and to what an outstanding grounding it was. Although it was many years ago now, and the opportunities were more limited than they are now, the students got a tremendous understanding of the day to day running of a stud and all the inherent problems, together with a great knowledge of the breeding industry as a whole; I know that the course has changed dramatically for the better since then, and I can think of no finer start to a career in the bloodstock industry than doing the Diploma Course at the National Stud’
Angus Gold, Racing Manager
Shadwell Estate Company
The TBA was delighted to support the National Stud’s pre-Apprenticeship course in 2015. The course acts as an important source of new recruits for studs by offering young people a route into the Thoroughbred breeding industry, and training them to have the skills required for a successful and rewarding career. We also welcomed the opportunity to collaborate with the National Stud on three professional development courses which gave our members the chance update their knowledge on topics ranging from stallion selection to management of the mare and new born foal , enabling them to keep pace with current standards in the breeding industry
Louise Kemble
TBA Chief Executive
"Previous to being accepted on the course I had sent off all sorts of applications to try and find work within the industry. I've had an avid interest in racing and breeding for years but as I had little practical experience with horses nobody was prepared to take a chance on me. I'm sure most people in racing will appreciate it helps if you know a few of the right people and unfortunately for me I knew very few of them. During the induction Brian said 'the more you put into the course the more you're going to get out of it', and this is something that I have tried to practice over the five months. It's always a good feeling when you get rewarded for something that you put a lot of effort into, but I honestly wasn't expecting to receive the award. It's been a great few months and an extremely worthwhile experience. Having been sure I wanted to pursue a career in the industry before the course I am now even more determined to stick around.
Thomas Biggs
Tim Dunlop Memorial Award Winner 2011

1 1 1 1 1 1

Address

The Wavertree Education Trust

c/o National Stud Limited
Newmarket, Suffolk
CB8 0XE

Contact Us

The contact point is:
Company Secretary
Lynn Clarke

C

telephone: 01638 675925

e-mail: lynn.clarke@nationalstud.co.uk

The Trust is a Charitable Company limited by guarantee (charity registration number 1111771)