Finance Score: 1

Governance Score: 5

Support Score: 6

Poor Liquidity: -1
Pension deficit: -1
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Mainly female board: -1

Grant maker support: +6

Overall GiG Score: 12

THERA TRUST

The Thera Group of companies supports people with a learning disability. It employs staff who support people in their own home, in their local community and for short breaks. Thera also provides financial advocacy and quality assurance services; as well as developing and running social enterprises.

Analysis by Giving is Great

Positives:

Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
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 dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board is predominantly female

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
There is a pension deficit of £187,117

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		£81,390	£84,522	£-3,132	£167	£11,630	£11,178	1.6	3,066	0
31/03/22		£78,537	£77,579	£957	£163	£13,800	£13,372	2.1	3,130	118
31/03/21		£79,193	£77,403	£1,789	£131	£12,015	£11,630	1.8	3,155	130
31/03/20		£72,936	£72,708	£229	£95	£12,079	£11,702	1.9	3,139	43
31/03/19		£69,975	£69,479	£496	£59	£11,274	£10,937	1.9	3,286	99
31/03/18	*	£67,205	£65,972	£1,232	£82	£10,587	£10,415	1.9	3,143	0
31/03/17		£64,592	£61,584	£3,008	£65	£9,061	£8,905	1.7	2,919	0
31/03/16	*	£56,236	£53,691	£2,545	£0	£7,010	£6,820	1.5	2,733	0
31/03/15		£53,725	£53,315	£409	£242	£5,257	£1,654	0.4	2,663	0
31/03/14	*	£46,850	£46,638	£212	£643	£4,825	£1,270	0.3	2,312	0
31/03/13		£44,550	£44,282	£268	£605	£5,621	£2,055	0.6	2,290	0
31/03/12	*	£44,188	£43,752	£436	£578	£5,737	£2,230	0.6	2,352	0
31/03/11	*	£43,937	£43,530	£407	£737	£5,301	£1,798	0.5	1,694	0
31/03/10		£39,276	£40,247	£-972	£845	£3,779	£1,467	0.4	1,526	0
31/03/09		£31,600	£32,077	£-476	£929	£4,650	£2,380	0.9	2,072	0
31/03/08	*	£23,876	£23,845	£31	£556	£930	£927	0.5	941	0
31/03/07	*	£17,216	£17,088	£128	£459	£899	£899	0.6	790	0
31/03/06	*	£11,362	£10,608	£754	£0	£0	£0	n/a	0	0
31/03/05	*	£9,156	£9,051	£105	£0	£0	£0	n/a	0	0
31/03/04	*	£7,532	£7,294	£238	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.2%
Fundraising Costs/Total Spending: 0.2%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £110,000-£120,000
Liabilities/Assets: 59%
Liabilities/Income: 21%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 1.6 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.3

Asset Split ?

Established: 22 years
(25 years as a company)

www.thera.co.uk

office@thera.co.uk

03003031280

Charity Commission for England and Wales

Tweets

Listed activities

Disability

GiG Classification

Services for people with disabilities

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Scotland, Throughout England And Wales,

Who it helps

People With Disabilities

Who works here?

3,066 employees

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.

Major supporters in last 5 years

Department of Health	£78,889
Sport England	£9,964
Foundation Scotland	£3,141

Specific Donations

Amount	When Months	To be used for
Department of Health - Thera Trust
£78,889	10/02/2022	We are looking for bids that provide support in the following ways:Supporting the mental health needs of children, young people and adults with learning disability and autistic individuals who may ....more We are looking for bids that provide support in the following ways:Supporting the mental health needs of children, young people and adults with learning disability and autistic individuals who may struggle to access ordinarily available supportSupporting autistic children, young people and adults those with a learning disability to access appropriate health care and support and supporting individuals to access annual health checksSupporting autistic children, young people and adults and those with a learning disability when facing crisis to prevent admission to inpatient mental health careSupporting parent carers, family members and carers who have been affected and impacted by COVID-19.Providing information, advice and support for children, young people, adults and their parent carers, families and paid carers about their rights to care, support and treatment.On 27 March 2021, the Government published a COVID-19 mental health and wellbeing recovery action plan. The plan sets out their actions to prevent, mitigate and respond to the mental health impacts of the pandemic during 2021 to 2022.The plan gives details of how the £500million, announced in the Spending Review, to support recovery of the Long-Term Plan ambitions for mental health will be allocated. Whilst recovery across all mental health services should ensure it is considering the needs of individuals with learning disability and autistic people, and making reasonable adjustments, £31m has been specifically allocated to support specific Learning Disability and Autism projects and is one-off, non-recurrent money for 2021/22£31 million to address particular challenges faced by individuals with a learning disability and autistic people, who are struggling with their mental health, and to support faster discharge from mental health settings back into the community. Specifically, funding will be used to address the diagnostic backlog in autism services and investment in early identification and intervention, to prevent children and young people with learning disability, autism or both, escalating into crisis. This will also include strengthening good quality inpatient care, with particular support to enable step down and discharge for those with the most complex needs
Foundation Scotland - Grant to Thera Trust
£3,141	08/03/2021	To reach more socially- isolated adults with a learning disability across Scotland with digitally-based social events and activities, enabling them to further develop the social life they want, at a ....more To reach more socially- isolated adults with a learning disability across Scotland with digitally-based social events and activities, enabling them to further develop the social life they want, at a time where that is increasingly difficult to do in-perso
Sport England - COVID19 Return to Play
£9,964	16/02/2021 10	Funding under Sport England's Return to Play - Small Grants funding programme for a Revenue project titled COVID19 Return to Play. This project lists its main activity as Multi Sports
Charity Bond Support Fund - Mental health and well-being
£5,000,000	29/03/2018	People with mental health needs
Charity Bond Support Fund - Mental health and well-being
£2,000,000	18/12/2015	People with mental health needs
Cheyne Social Property Impact Holdings - Mental health and well-being
£15,000,000	01/07/2015	People with mental health needs
Charity Bond Support Fund - Mental health and well-being
£1,000,000	28/04/2015	People with mental health needs
Esmee Fairbairn - Social investment Thera Trust
£200,000	10/10/2014	An investment in a three year bond to further Thera Trust's charitable activities in supporting adults with a learning disability.
National Lottery Heritage Fund - Grant to Thera Trust
£69,200	24/02/2014	Strathmartine Hospital Histories
National Lottery Community Fund - Speaking for myself
£178,180	08/09/2010 72	This project provides people with a learning disability a means to get their voices heard, to be able to say what they want and how they feel about the issues that affect them and their lives. By ....more This project provides people with a learning disability a means to get their voices heard, to be able to say what they want and how they feel about the issues that affect them and their lives. By giving them control over their lives they will gain confidence and be able to more readily participate in their local communities outside of the advocacy groups. The project will consist of regular monthly meetings of six groups from different geographic areas across Leicestershire.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 11/12 persons

Age Range of Trustees: 34-72

CHRIS RHEINBERG Appointed: 2018, Occupation: Business Consultant

MICHELLE CLAIRE MCDERMOTT Appointed: 2020, Occupation: Speaker/Admin Assistant

NICOLA CATHERINE COOTE Appointed: 2022, Occupation: Ceo

PRIYA OOMAHDAT Appointed: 2022, Occupation: Nhs Director

CERI LOUISE LENNON Appointed: 2023, Occupation: Executive Director, Other trusteeship: ASPIRE LIVING LIMITED,

CHRISTINE CHANG Appointed: 2015, Occupation: Investment Director At Big Society Capital

ELIZABETH LICHTEN Appointed: 2020, Occupation: Marketing Director

JOHN GILES BLUNDELL Appointed: 2020, Occupation: Managing Director

KATIE WINN Appointed: 2023, Occupation: Executive Director, Other trusteeships: THE CAMDEN SOCIETY, FORWARD HOUSING,

LORNA HAVARD WESTON Appointed: 2023, Occupation: Executive Director, Other trusteeship: UNITY WORKS SOCIAL ENTERPRISES,

MATTHEW JAMES SMITH Appointed: 2007, Occupation: Director

SALLY WARREN (Chair) Appointed: 2020, Occupation: Managing Director

Legal constitution

Charitable company registered in England & Wales on 18/01/2002, number: 1090163
Registered at Companies House on 06/07/1998, number: 03593418

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Care Quality Commission

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
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

20 returns made; AR18: 1 days late, AR16: 1 days late, AR14: 1 days late, AR12: 1 days late, AR11: 2 days late, AR08: 1 days late, AR07: 2 days late, AR06: 1 days late, AR05: 2 days late, AR04: 1 days late,

Main office

THE WEST HOUSE
ALPHA COURT
SWINGBRIDGE ROAD
GRANTHAM
LINCOLNSHIRE
NG31 7XT

Objectives

THE COMPANY’S OBJECTS ARE FOR THE PUBLIC BENEFIT:1. THE RELIEF OF PERSONS WITH LEARNING DISABILITIES, THEIR FAMILIES AND CARERS IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF SUPPORT SERVICES INCLUDING SERVICES IN THE SUPPORT OF RESIDENTIAL, RESPITE AND OTHER SUITABLE FORMS OF CARE, SUPPORT, EDUCATION AND WORK OPPORTUNITIES AND BY THE PROMOTION OF THE AWARENESS OF THE NEEDS OF SUCH PERSONS; AND2. THE PROMOTION OF THE EFFECTIVE USE OF CHARITABLE RESOURCES BY THE PROVISION OF SERVICES TO ORGANISATIONS INVOLVED IN THE RELIEF OF PERSONS WITH LEARNING DISABILITIES, THEIR FAMILIES AND CARERS;AND THE COMPANY CAN DO ALL OTHER THINGS THAT ARE INCIDENTAL OR CONDUCIVE TO ITS OBJECTS OR ANY OF THEM

Defined Area of Benefit:

NATIONAL

Data Sources