IJF Annual Report June 2007 On the 20th November 2006, our Chairman for the last five years, Edward Cazalet, retired. I had the honour of being nominated to succeed him. Before I start the formalities of our Annual Report, I want to put on record the huge debt which the Injured Jockeys Fund owes Sir Edward. It is impossible to set out the multitude of his achievements in those five years. To say that he has modernised us would be an understatement. He has changed the whole organisation. We were a bunch of enthusiastic amateurs. Under Edward's firm hand we are now a thoroughly professional organisation. Upon accession to the Chair he realised straight away that our Chief Executive, Jeremy Richardson was carrying too heavy a burden. Accordingly, during the course of those five years, he ensured a gradual expansion of our workforce leading to the appointment of Directors of Care, Finance and, recently, Trading (as to which, see later). Jeremy will testify to Edward's gentle but resolute driving of these changes, ensuring that those who now serve us are pursuing initiatives across a wide range. In short, he removed our blinkers and changed us from a reactive organisation for the care of jockeys into a proactive organisation, actively and energetically pursuing many more different ways of improving the lives of our beneficiaries. Throughout, he led his board of trustees with charm and gravitas. He set up committees and restructured the Board to the benefit of the executive and non-executive. His success can be gauged by the fact that all our staff complain they are as busy now as they ever were! He remains in touch, which we all appreciate. As Chairman, I now present our annual report on the activities of the charity, including the financial statements and auditors' report for the year ended 31 March 2007. This Report is required to set out in detail our work and achievements over the year in question. We feel that we have achieved much in this 12 month period and I hope that you will enjoy reading the comprehensive survey which follows. Brough Scott, Chairman