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

Wavertree Charitable 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 Constitution provides for no less than five and no more than eight Trustees, and the nature of the Charity is grant-making; The Trustees meet twice a year for the purpose. The Charity has no directly employed staff.

Key People

Brian Chandler

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Chairman

I have been involved with the National Stud for some fourteen years, initially as the Stud’s Finance Director and Board Member, and for the last eight years, from the date of the sale of the Stud to the Jockey Club, as Chairman of the Wavertree Charitable Trust. I am an accountant by training and a former partner with KPMG. I am currently the Finance Director for the Racing Welfare Charity and work out of their Newmarket Office.In the context of Wavertree, in the eight years of our existence we have managed to raise some £5m in charitable donations, enabling us to rebuild the students’ accommodation block at the Stud, to build a new state of the art lecture theatre adjacent to the accommodation, and to sustain the Stud’s Education and Training programmes under the direction of Tabbi Smith. But there is still much to be done and we are presently running a campaign to raise funds to ensure that those programmes can survive for the next ten years, the task in hand!

Tabbi Smith

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Training Director

After three years working fulltime with horses, Tabbi turned down a more conventional science degree place and was accepted on the very first equine degree in the UK. After completing the 4 year sandwich course, she applied to do a research Masters in equine biomechanics at Bristol Vet School. After finishing her post-graduate work she moved to fulltime teaching in Higher and Further Education in land based colleges and associated Universities specialising in equine and Thoroughbred management. In 2006, Tabbi joined The National Stud to head up the Training Department who provide the specialist training for stud staff and the breeding industry via the highly recognised courses.

William Sporborg

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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. On 1st January 2017, William will become 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.

Lynn Clarke

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Company Secretary of the WCT

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

Richard Fuller

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Trustee

Board Director of Fuller, Smith and Turner PLC. Currently Corporate Affairs Director. Previous roles included Sales and Personnel Director. Former Chairman of the Point to Point Owners and Riders Association. A Racecourse Non - Executive Director of Kempton Park. Treasurer and Past President of the Shire Horse Society. A Foundation Governor of Dame Alice Owen school in Potters Bar.

The Charity has no directly employed staff.

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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
 

Here Are Our
Latest Reports

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Stud Staff Training for the Breeding Industry 2015 Review

The National Stud is a subsidiary company of the Jockey Club, who acquired the Stud from the state in April 2008...

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Wavertree Charitable Trust accounts to 31st December 2015

Click to open the Wavertree Charitable Trust accounts to 31st December 2015 report.

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WCT Fundraising Document 2016

As the only UK provider of full time stud work courses based on a commercial stud farm, training is a role that the Board and staff at the National Stud take seriously...p>

Address

Wavertree Charitable Trust

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

Contact Us

The contact point for is:
Company Secretary
Lynn Clarke

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telephone: 01638 675925

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