Finance Score: -11

Governance Score: 8

Support Score: 5

Liabilities <10%: +3
Excess reserves: -5
Volatile income & significant deficit in latest year: -5
Fundraising costs high: -4

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 2

THE WORDSWORTH TRUST

Our charitable activities fall into two categories.(1) Custodianship: of Dove Cottage; of our collection of manuscripts, books & fine art; and of the historic environment of Town End, Grasmere(2) Access and learning: visitor operations; exhibitions and publications; education; and contemporary literature.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 14 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £11,707,000 available, equivalent to 73 months of spending and so may not be able to utilise additional funding
Income has been volatile recently and was significantly lower than spending in the latest year
Fundraising costs are extremely high relative to funds raised

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
31/03/23	£1,362	£1,934	£-572	£467	£21,229	£11,707	72.6	39	14
31/03/22	£2,925	£2,108	£816	£414	£22,350	£12,410	70.6	39	19
31/03/21	£2,913	£1,368	£1,545	£279	£19,692	£9,905	86.9	38	17
31/03/20	£4,256	£1,652	£2,604	£257	£17,591	£9,374	68.1	38	4
31/03/19	£1,922	£1,575	£347	£271	£15,357	£9,719	74.1	43	22
31/03/18?	£2,372	£2,017	£355	£519	£14,899	£9,669	57.5	43	0
31/12/16	£1,430	£1,480	£-50	£294	£14,535	£9,708	78.7	39	0
31/12/15	£1,364	£1,427	£-63	£319	£14,210	£9,489	79.8	33	0
31/12/14	£1,432	£1,592	£-160	£328	£13,696	£9,410	70.9	31	0
31/12/13	£1,576	£1,470	£106	£327	£13,852	£9,480	77.4	28	0
31/12/12	£1,497	£1,505	£-8	£336	£13,514	£9,217	73.5	25	0
31/12/11	£1,491	£1,414	£77	£348	£13,512	£9,314	79	25	0
31/12/10	£1,324	£1,451	£-127	£349	£13,523	£9,109	75.3	26	0
31/12/09	£1,643	£1,413	£230	£330	£13,542	£8,955	76.1	27	0
31/12/08	£1,806	£1,555	£251	£406	£13,135	£8,862	68.4	28	0
31/12/07	£1,327	£1,651	£-324	£473	£13,223	£8,583	62.4	28	0
31/12/06	£1,530	£1,538	£-8	£0	£0	£0	n/a	0	0
31/12/05	£1,654	£1,346	£308	£0	£0	£0	n/a	0	0
31/12/04	£4,471	£1,125	£3,346	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 39.8%
Fundraising Costs/Total Spending: 24.1%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 5%
Liabilities/Income: 74%
Unrestricted Funds/Total Funds: 55%
Reserves/Spending: 72.6 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.4

Asset Split ?

Established: 26 years

www.wordsworth.org.uk

enquiries@wordsworth.org.uk

01539435544

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Museums, parks, historical sites

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Sponsors or undertakes research

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

39 employees
14 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
Wolfson Foundation - Grant to The Wordsworth Trust
£145,000	09/12/2020	WF Covid-19 Support Fund
DCMS - 20-08 Culture Recovery Fund application
£242,355	01/04/2020	To support Arts and Culture throughout England
DCMS - 21-01 Culture Recovery Fund application
£121,138	01/04/2020	To support Arts and Culture throughout England
Garfield Weston Foundation - Major Grants award
£150,000	19/04/2018	Reimagining Wordsworth
Wolfson Foundation - Grant to The Wordsworth Trust
£300,000	04/12/2017	Wordsworth Museum redevelopment
National Lottery Heritage Fund - Grant to Wordsworth Trust
£5,133,800	19/01/2016	Reimagining Wordsworth': the Wordsworth Trust masterplan

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

Based on 13/14 persons

Age Range of Trustees: 34-76

DR AMY ELIZABETH CONCANNON Appointed: 2022, Occupation: Museum Curator

JONATHAN PAUL JOHNSON Appointed: 2023, Occupation: Chief Executive

LISA PETER Appointed: 2022, Occupation: Co-Director Midland Creative Projects Ltd

PROF DRUMMOND BONE (Chair) Appointed: 2017, Occupation: Academic

TIMOTHY JOHN ROBERTSON Appointed: 2022, Occupation: Charity Chief Executive

ANNE ELIZABETH YOUNG Appointed: 2022, Occupation: Retired, Other trusteeships: THE PETER MINET TRUST, JANE AUSTEN'S HOUSE MUSEUM,

DAVID MICHAEL HEAL Appointed: 2013, Occupation: Consultant

DONNA CHAMBERS Appointed: 2023, Occupation: Professor, Other trusteeship: Sunderland Empire Theatre Trust,

DR ANNA MAIREAD FLEMING Appointed: 2019, Occupation: Projects Manager

DR PAUL JOHN DAVIES Appointed: 2022, Occupation: General Practitioner, Other trusteeship: KELSICK'S EDUCATIONAL FOUNDATION,

GESA RENATE BLACKMORE Appointed: 2019, Occupation: Chartered Accountant

PROFESSOR DAVID JOHN MCKITTERICK Appointed: 2019, Occupation: Retired, Other trusteeships: THE NATIONAL MANUSCRIPTS CONSERVATION TRUST, THRIPLOW CHARITABLE TRUST, CAMBRIDGE HANDEL OPERA COMPANY, THE WILLISON FOUNDATION CHARITABLE TRUST,

PROFESSOR SIMON JOHN JULIAN BAINBRIDGE Appointed: 2019, Occupation: Professor

JUDITH HELEN COOKE Appointed: 2013, Occupation: Retired, Other trusteeship: CAMPAIGN FOR NATIONAL PARKS,

Legal constitution

Charitable company registered in England & Wales on 24/11/1997, number: 1066184
Registered at Companies House on 30/09/1997, number: 03442086

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

19 returns made; all on time

Main office

THE WORDSWORTH TRUST
DOVE COTTAGE
GRASMERE
AMBLESIDE
LA22 9SH

Objectives

A) TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE WORKS OF THE POET WILLIAM WORDSWORTH AND IN PARTICULAR TO MAINTAIN DOVE COTTAGE, GRASMERE AND ITS ENVIRONS AND TO PRESERVE AND DEVELOP THE TRUST'S PERMANENT COLLECTIONS AS A LIVING MEMORIAL TO HIM. B) TO ADVANCE THE PUBLIC KNOWLEDGE AND ENJOYMENT OF THE LITERATURE AND CULTURE OF THE ROMANTIC PERIOD (1750 TO 1850)

Defined Area of Benefit:

NOT DEFINED

Data Sources