Finance Score: -2

Governance Score: 4

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Large legacies income: +1
Spending falling: -1

Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 5

THE HEREFORD CATHEDRAL PERPETUAL TRUST

The Trust raises funds to support the work of the Chapter of Hereford Cathedral.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
This charity has a robust balance sheet
This charity has received considerable income from legacies in recent years
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age
Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £5,251,953 available, equivalent to 144 months of spending and so may not be able to utilise additional funding
Spending has fallen significantly over the last 5 years relative to the previous period

Established: 28 years

www.herefordcathedral.org

georgina.miller@herefordcathedral.org

01432374261

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£1,006	£436	£570	£67	£5,881	£5,252	144.5	2	3
31/12/21		£646	£524	£122	£56	£5,904	£5,129	117.4	1	0
31/12/20		£2,013	£1,122	£891	£35	£5,283	£4,531	48.5	2	300
31/12/19		£967	£996	£-29	£154	£4,254	£3,484	42	3	300
31/12/18		£2,528	£1,113	£1,415	£250	£3,999	£3,379	36.4	3	300
31/12/17		£1,285	£1,270	£15	£130	£2,800	£2,632	24.9	3	0
31/12/16		£1,090	£952	£138	£151	£2,709	£2,469	31.1	3	0
31/12/15		£1,605	£1,511	£94	£321	£2,413	£2,195	17.4	0	0
31/12/14		£1,312	£1,244	£69	£252	£2,366	£2,187	21.1	4	0
31/12/13		£704	£558	£146	£153	£2,293	£1,801	38.7	2	0
31/12/12		£1,621	£1,266	£354	£108	£2,042	£1,501	14.2	2	0
31/12/11		£536	£611	£-75	£98	£732	£704	13.8	2	0
31/12/10		£604	£516	£88	£97	£870	£796	18.5	2	0
31/12/09		£523	£487	£36	£82	£731	£706	17.4	2	0
31/12/08		£686	£596	£90	£62	£604	£189	3.8	2	0
31/12/07		£549	£540	£9	£138	£624	£186	4.1	2	0
31/12/06	*	£439	£432	£7	£0	£0	£0	n/a	0	0
31/12/05		£407	£402	£4	£0	£0	£0	n/a	0	0
31/12/04		£648	£695	£-47	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 10.2%
Fundraising Costs/Total Spending: 17.6%
Senior Staff Costs/Total Spending: 18%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 0%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 89%
Reserves/Spending: 144.5 months
Net Current Assets/Spending: 7 months
Quick Ratio: 9.4

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage
Other Charitable Purposes
Religious Activities

How it operates

Makes Grants to Organisations
Other charitable activities

Where it operates

Herefordshire, Shropshire,

Who it helps

Other Defined Groups

Who works here?

2 employees
3 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
DCMS - The Choir of Hereford Cathedral
£127,000	01/04/2020	To support Arts and Culture throughout England
National Lottery Heritage Fund - Grant to Hereford Cathedral Perpetual Trust
£998,300	28/02/2017	Eastern Cloister Range and Cloister Walkway Project, Hereford Cathedral
National Lottery Heritage Fund - Grant to Hereford Cathedral Perpetual Trust
£257,500	18/03/2014	Refurbishment of the 15th century St Johns Walk, Hereford Cathedral

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 58-69

JULIA BUDD Appointed: 2021, Occupation: Business Executive

KATHERINE HALE GARNIER Appointed: 2022, Occupation: Company Director

NICHOLAS MICHAEL GEORGE HARVEY Appointed: 2022, Occupation: Retired

PRINCE CHARLES RAOUL DE ROHAN Appointed: 2022

RICHARD BANKS Appointed: 2022, Occupation: Business Executive

VERY REVD SARAH ROMILLY DENNER BROWN Appointed: 2021, Occupation: Priest, Other trusteeships: REV ROLAND MUCKLESTON, THE HEREFORD DIOCESAN BOARD OF FINANCE, THE HEREFORD CATHEDRAL ALMSHOUSES CHARITY, THE CATHEDRAL CHURCH OF THE BLESSED VIRGIN MARY AND SAINT ETHELBERT IN HEREFORD,

THOMAS NATHANIEL HONE Appointed: 2018, Occupation: Company Director, Other trusteeships: THE HONE FAMILY CHARITABLE TRUST, HIGHLAND SOCIETY OF LONDON, BOSBURY PARISH HALL, THE ASHBY ELMS SCHOOL TRUST,

Legal constitution

Charitable company registered in England & Wales on 30/11/1995, number: 1051168
Registered at Companies House on 08/11/1995, number: 03123592

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR06: 49 days late,

Main office

5 COLLEGE CLOISTERS
CATHEDRAL CLOSE
HEREFORD
HR1 2NG

Objectives

TO PROMOTE THE RELIGIOUS AND CHARITABLE WORK OF THE CHURCH OF ENGLAND BY PROVIDING ADDITIONAL SUPPORT FOR ALL OR ANY OF THE CHARITABLE PURPOSES TO WHICH THE CAPITULAR REVENUES OF THE DEAN AND CHAPTER OF THE CATHEDRAL CHURCH OF THE BLESSED VIRGIN MARY AND ST. ETHELBERT IN HEREFORD ARE APPLICABLE INCLUDING ESPECIALLY:1) THE PROMOTION AND MAINTENANCE TO A HIGH STANDARD OF THE CHORAL SERVICES OF THE CHURCH OF ENGLAND IN THE CATHEDRAL (WHETHER SIMPLE OR ELABORATE) IN SUCH WAYS AS THE BOARD OF GOVERNORS IN ITS ABSOLUTE DISCRETION THINKS FIT INCLUDING (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) PROMOTION OF THE RELIGIOUS MUSICAL AND SECULAR EDUCATION OF PUPILS ATTENDING ANY SCHOOL IN WHICH INSTRUCTION IN THE DOCTRINES OF THE CHURCH OF ENGLAND IS GIVEN AND PERFORMANCE OF THE CHORAL SERVICES OF THE CHURCH OF ENGLAND IS OBSERVED AND ALSO INCLUDING THE REPAIR MAINTENANCE AND RENEWAL OF THE ORGAN OF THE CATHEDRAL THE ACQUISITION AND MAINTENANCE OF ITS MUSICAL BOOKS AND MANUSCRIPTS AND THE EMPLOYMENT OF ALL STAFF INCLUDING LAY CLERKS IN CONNECTION WITH THE CHORAL SERVICES OF THE CATHEDRAL; AND2) THE PRESERVATION MAINTENANCE AND DEVELOPMENT OF THE CATHEDRAL GENERALLY.

Defined Area of Benefit:

IN PRACTICE, HEREFORD

Data Sources