Finance Score: -4

Governance Score: -7

Support Score: 7

Fundraising costs high: -4

No conflicts policy: -1
Only 4 Trustees: -1
Narrow trustee age band: -2
All male board: -3

Overall weighted support: +7

Overall GiG Score: -4

WHEAL MARTYN TRUST LTD

The charity is established to secure for the benefit of the public the preservation and maintenance of features and objects of historical interest in the area of St. Austell and the surrounding districts of Cornwall including the provision of an industrial museum relating to the China clay industry.

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
Why are there only 4 trustees?
Why is the Board completely male?
The Board has little diversity in terms of age

Financial issues to consider:

Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/01/23		£555	£569	£-14	£160	£1,603	£148	3.1	20	56
31/01/22		£530	£594	£-64	£146	£1,616	£159	3.2	10	64
31/01/21		£460	£417	£43	n/a	n/a	n/a	n/a	n/a	n/a
31/01/20		£445	£417	£27	n/a	n/a	n/a	n/a	n/a	n/a
31/01/19	*	£1,511	£499	£1,012	£19	£1,610	£90	2.2	20	71
31/01/18		£517	£541	£-24	£21	£598	£99	2.2	18	0
31/01/17		£440	£590	£-150	n/a	n/a	n/a	n/a	n/a	n/a
31/01/16		£726	£684	£42	£142	£772	£99	1.7	16	0
31/01/15		£477	£521	£-44	n/a	n/a	n/a	n/a	n/a	n/a
31/01/14		£367	£418	£-51	n/a	n/a	n/a	n/a	n/a	n/a
31/01/13		£296	£350	£-54	n/a	n/a	n/a	n/a	n/a	n/a
31/01/12		£296	£333	£-36	n/a	n/a	n/a	n/a	n/a	n/a
31/01/11?		£262	£300	£-38	n/a	n/a	n/a	n/a	n/a	n/a
31/12/09		£215	£261	£-47	n/a	n/a	n/a	n/a	n/a	n/a
31/12/08		£138	£164	£-26	n/a	n/a	n/a	n/a	n/a	n/a
31/12/07		£182	£245	£-62	n/a	n/a	n/a	n/a	n/a	n/a
31/12/06		£179	£209	£-30	n/a	n/a	n/a	n/a	n/a	n/a
31/12/05		£1,207	£313	£895	n/a	n/a	n/a	n/a	n/a	n/a
31/12/04		£225	£140	£85	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 43.1%
Fundraising Costs/Total Spending: 28.2%
Highest pay band: Less than £60,000
Liabilities/Assets: 7%
Liabilities/Income: 21%
Unrestricted Funds/Total Funds: 9%
Reserves/Spending: 3.1 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.7

Asset Split ?

Balance Sheet History

Established: 34 years
(50 years as a company)

www.wheal-martyn.com

info@wheal-martyn.com

01566771930

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space

Where it operates

Cornwall,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Wolfson Foundation	£70,800
DCMS	£69,099
National Lottery Heritage Fund	£59,800

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to Wheal Martyn Trust
£15,800	07/12/2022	Installation of energy-efficient water heaters, water wheel pump, lighting and heating in the museum buildings
Wolfson Foundation - Grant to Wheal Martyn Trust
£55,000	09/12/2020	WF Covid-19 Support Fund
National Lottery Heritage Fund - Grant to Wheal Martyn Trust
£59,800	04/06/2020	COVID19: Wheal Martyn
DCMS - ALB-Historic England-Wheal Martyn Trust (Covid-19 Emergency Response)
£21,103	01/04/2020	The project is designed to ensure the continued preservation and effective management of our Scheduled Ancient Monument and deliver works to assist with the removal of the site from the Heritage at Risk Register.
DCMS - Wheal Martyn COVID-19 Recovery
£47,996	01/04/2020	To support Arts and Culture throughout England
DCMS - Wheal Martyn, Cornwall
£10,753	01/04/2019	Conservation repairs to the Mica Dry Building
DCMS - Wheal Martyn, Cornwall
£19,247	18/07/2018	Conservation repairs to the Mica Dry Building
Garfield Weston Foundation - Major Grants award
£100,000	22/05/2018	Clay Works!
Wolfson Foundation - Grant to Wheal Martyn Trust
£20,000	04/12/2017	Restoration and interpretation
DCMS - Management Agreement
£7,935	02/05/2017	Restoration of the waterwheel to make it operable again
National Lottery Heritage Fund - Grant to Wheal Martyn Trust
£1,013,400	03/12/2015	Clay Works!

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 69-77

CHRISTOPHER VARCOE Appointed: 2018, Occupation: Retired

JOHN WOOD (Chair) Appointed: 2016, Occupation: Cornwall Councillor, Retired

MALCOLM BELL Appointed: 2018, Occupation: Chief Executive

SOUTH WEST LAKES TRUST

Legal constitution

Charitable company registered in England & Wales on 11/02/1991, number: 1001838
Registered at Companies House on 15/02/1974, number: 01160460

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Investment
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR19: 11 days late,

Main office

Wheal Martyn Trust
Wheal Martyn Heritage Centre
Carthew
ST. AUSTELL
Cornwall
PL26 8XG

Objectives

TO SECURE FOR THE BENEFIT OF THE PUBLIC THE PRESERVATION,RESTORATION,IMPROVEMENT,ENHANCEMENT AND MAINTENANCE OF FEATURES AND OBJECTS OF HISTORICAL AND INDUSTRIAL INTEREST IN THE AREA OF ST.AUSTELL AND THE SURROUNDING DISTRICTS OF CORNWALL INCLUDING THE PROVISION OF AN INDUSTRIAL MUSEUM RELATING TO THE CHINA CLAY INDUSTRY AND THE ORGANISATION OF MEETINGS,EXHIBITIONS,LECTURES,PUBLICATIONS AND OTHER FORMS OF INSTRUCTION RELEVANT TO THE HISTORICAL AND INDUSTRIAL DEVELOPMENT OF CENTRAL CORNWALL.

Defined Area of Benefit:

ST AUSTELL AND CORNWALL

Data Sources

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