Finance Score: -6

Governance Score: 9

Support Score: 3

Poor Liquidity: -1
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 6

WELLS MALTINGS TRUST

Wells Maltings Trust is a charity with the aims to promote education of the public through the provision of a centre for arts, heritage and community activity

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 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

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
On several occasions in recent years income has been less than spending
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		£645	£885	£-240	£299	£3,635	£120	1.6	24	24
31/03/22	*	£505	£820	£-315	£278	£3,875	£161	2.4	23	22
31/03/21	*	£602	£651	£-49	£186	£4,190	£254	4.7	22	20
31/03/20		£591	£847	£-255	£238	£4,239	£134	1.9	19	25
31/03/19		£758	£782	£-24	£224	£4,494	£237	3.6	18	40
31/03/18		£3,481	£167	£3,314	£32	£4,518	£319	23	6	0
31/03/17		£966	£164	£803	£42	£1,204	£353	25.8	6	0
31/03/16		£504	£381	£123	£3	£195	£8	0.2	6	0
31/03/15?		£245	£237	£7	£0	£0	£0	n/a	0	0
30/06/14		£369	£462	£-93	£0	£0	£0	n/a	0	0
30/06/13		£330	£243	£87	£0	£0	£0	n/a	0	0
30/06/12		£56	£25	£31	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 76%
Fundraising Costs/Total Spending: 33.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 20%
Unrestricted Funds/Total Funds: 3%
Reserves/Spending: 1.6 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.1

Asset Split ?

Established: 13 years

www.wellsmaltings.org.uk

SIMON@WELLSMALTINGS.ORG.UK

07879998859

Charity Commission for England and Wales

Tweets

Listed activities

Amateur Sport
Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
Recreation

GiG Classification

Other facilities management and maintenance

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Norfolk,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

24 employees
24 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 - Wells Maltings - Road to Recovery
£95,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Wells Maltings - Further Along The Road to Recovery
£47,500	01/04/2020	To support Arts and Culture throughout England
National Lottery Heritage Fund - Grant to Wells Maltings Trust
£1,993,000	12/09/2013	Wells Experience - Maltings Heritage & Learning Centre
National Lottery Community Fund - Sackhouse Community Hub
£27,340	20/03/2012 12	The group will use the funding to transform a historic former Sackhouse building in the village into a self-sustaining community enterprise, including meeting rooms, business units for small ....more The group will use the funding to transform a historic former Sackhouse building in the village into a self-sustaining community enterprise, including meeting rooms, business units for small enterprises and local craftspeople, and hot desk facilities. This enterprise will boost the local economy through encouraging start up of local enterprises, offer employment opportunities for the community, and provide a hub to facilitate sharing of knowledge between local businesses.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Based on 7/8 persons

Age Range of Trustees: 42-82

PAT BANNISTER Appointed: 2010, Occupation: Retired Teacher

DINAH CAINE Appointed: 2024, Occupation: Arts And Learning Consultant

SARAH CARRINGTON Appointed: 2023, Occupation: Hr Professional

TIMOTHY ALLAN (Chair) Appointed: 2020, Occupation: Company Director

SIR TIM LANKESTER Appointed: 2017, Occupation: Retired

VALERIE CHITTY Appointed: 2018, Occupation: Retired

HELENA DEAKIN Appointed: 2021, Occupation: Bank Manager, Other trusteeship: LITTLE GILLIES,

KEITH MORRIS OBE Appointed: 2015, Occupation: Insurance, Other trusteeship: THE CONTEMPORARY ART SOCIETY,

Legal constitution

Charitable company registered in England & Wales on 11/01/2011, number: 1139767
Registered at Companies House on 09/06/2010, number: 07279065

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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
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

12 returns made; AR22: 1 days late, AR21: 4 days late,

Main office

Wells Maltings Trust
The Maltings
Staithe Street
Wells-next-the-Sea
Norfolk
NR23 1AN

Objectives

THE OBJECTS OF THE CHARITY ARE:-3.1 TO PURSUE ANY CHARITABLE PURPOSE, PRIMARILY FOR THE BENEFIT OF THE COMMUNITY IN THE AREA OF BENEFIT, AND IN PARTICULAR3.2 TO OWN, MANAGE AND MAINTAIN COMMUNITY FACILITIES FOR THE PUBLIC AT LARGE AND/OR THOSE WHO, BY REASONS OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED FOR SUCH FACILITIES;3.3 TO ADVANCE HERITAGE THROUGH PRESERVING FOR PUBLIC BENEFIT THE HISTORICAL, ARCHITECTURAL AND CONSTRUCTIONAL HERITAGE THAT EXISTS IN AND AROUND THE MALTINGS;3.4 THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC BY THE ESTABLISHMENT AND MAINTENANCE OF A MUSEUM AND HERITAGE CENTRE FOR THE EXHIBITION OF ARTEFACTS OF MARITIME INTEREST AND LOCAL AND NATURAL HISTORY AND MATERIALS RELATING THERETO AS DEFINED BY THE MUSEUM'S ACQUISITION AND DISPOSAL POLICY AND MAKING THE COLLECTION AVAILABLE FOR RESEARCH;3.5 TO PROMOTE VISUAL AND PERFORMING ARTS FOR PUBLIC BENEFIT, THE PROMOTION AND ADVANCEMENT OF EDUCATION AND THE CULTIVATION AND IMPROVEMENT OF PUBLIC EDUCATION IN DRAMA, MIME, OPERA, SINGING, MUSIC, DANCE, PAINTING AND SCULPTURE, CINEMA, LITERATURE AND THE OTHER ARTS 3.6 TO DEVELOP AND ENCOURAGE, FOSTER AND PROMOTE THE PHYSICAL, ECONOMIC AND SOCIAL DEVELOPMENT AND REGENERATION OF THE AREA BY BUILDING PARTNERSHIPS WITH ORGANISATIONS WITH SIMILAR AIMS.

Defined Area of Benefit:

WELLS-NEXT-THE SEA

Data Sources