Finance Score: -1

Governance Score: 6

Support Score: 6

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +6

Overall GiG Score: 11

THE SOUTH WEST HERITAGE TRUST

Museum and curatorial services in Somerset, caring for over 3 million museum objects and operating 3 county museums.Statutory Archives and Local Studies services in Somerset and Devon, providing access to public records.Historic Environment conservation advice to local authorities and partners in Somerset. 400 acres of landscape sites managed.Heritage Education provision across all services.

Analysis by Giving is Great

Positives:

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 gender and dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending

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
31/10/23		£4,136	£4,091	£45	£68	£1,289	£973	2.9	73	239
31/10/22		£3,648	£4,098	£-450	£59	£3,155	£2,837	8.3	69	125
31/10/21		£3,809	£3,955	£-147	£22	£-5,715	£-5,963	-18.1	67	180
31/10/20		£3,805	£3,846	£-41	£30	£-6,662	£-7,037	-22	71	158
31/10/19		£3,736	£4,238	£-502	£58	£-4,766	£-5,154	-14.6	73	202
31/10/18		£3,448	£4,095	£-647	£50	£-3,410	£-3,947	-11.6	78	0
31/10/17		£3,518	£4,218	£-701	£42	£-3,410	£-3,947	-11.2	75	0
31/10/16		£3,901	£3,867	£33	£29	£-5,220	£-5,769	-17.9	78	0
31/10/15	*	£3,894	£3,410	£484	£26	£-2,357	£-2,661	-9.4	70	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.8%
Fundraising Costs/Total Spending: 1.7%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 47%
Liabilities/Income: 27%
Unrestricted Funds/Total Funds: 75%
Reserves/Spending: 2.9 months
Net Current Assets/Spending: 3 months
Quick Ratio: 0.8

Asset Split ?

Balance Sheet History

Established: 10 years

www.swheritage.org.uk

info@swheritage.org.uk

01823278805

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Devon, Somerset,

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.

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to South West Heritage Trust
£96,096	09/02/2022	Avalon Archaeology Park – Hands-On Heritage
DCMS - Museums and Schools
£62,061	26/03/2021	To increase the number of visits to museums and galleries by schools in locations classified as areas of high deprivation where engagement between schools and regional museums has been low. To deliver high quality opportunities for school pupils to ....more To increase the number of visits to museums and galleries by schools in locations classified as areas of high deprivation where engagement between schools and regional museums has been low. To deliver high quality opportunities for school pupils to visit museums that is linked to the national curriculum and support classroom learning.
National Lottery Heritage Fund - Grant to South West Heritage Trust
£47,000	08/09/2020	COVID 19 South West Heritage Trust
DCMS - ALB-Historic England-Data Supply /Reconciliation National Record Hist Environ & Hist Environ Records: Somerset
£6,533	01/04/2020	Data Supply and Reconciliation between the National Record of the Historic Environment and Historic Environment Records: Project Proposal from the South West Heritage Trust on behalf of Somerset County Council, South Gloucestershire Council and Bath ....more Data Supply and Reconciliation between the National Record of the Historic Environment and Historic Environment Records: Project Proposal from the South West Heritage Trust on behalf of Somerset County Council, South Gloucestershire Council and Bath and North East Somerset Council.
DCMS - The Way Forward for Somerset Museums: A Bid to the Culture Recovery Fund
£198,624	01/04/2020	To support Arts and Culture throughout England
DCMS - Roads to Recovery: Reopening Somersets Museums
£63,500	01/04/2020	To support Arts and Culture throughout England
DCMS - Museums and Schools 2020/21
£62,061	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
National Lottery Heritage Fund - Grant to South West Heritage Trust
£4,300	03/07/2019	Wild Hares and Hummingbirds Public Engagement Project
DCMS - Management Agreement
£5,000	13/03/2018	Repair and rebuild erosion gaps in ramparts, with archaeological supervision, redo drainage and add new surface/sacrificial layer onto footpaths/bridle way.
National Lottery Heritage Fund - Grant to South West Heritage Trust
£9,200	07/02/2018	Echoes of War: Somerset on the Home Front
DCMS - Management Agreement
£4,191	24/08/2017	Repair and rebuild erosion gaps in ramparts, with archaeological supervision, redo drainage and add new surface/sacrificial layer onto footpaths/bridle way.
National Lottery Heritage Fund - Grant to South West Heritage Trust
£33,700	08/02/2017	Muse - Makers in Museums
National Lottery Heritage Fund - Grant to South West Heritage Trust
£275,300	26/11/2013	Devon Remembers Heritage Project

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Age Range of Trustees: 53-80

ANNE ROSALINDE WYKE Appointed: 2022, Occupation: Operations Director (Retired)

ANTHONY SMALLWOOD Appointed: 2017, Occupation: None

CLLR ANDREA VIVIENNE DAVIS Appointed: 2021, Occupation: County Councillor

DAVID HUGH GWYTHER (Chair) Appointed: 2014, Occupation: Retired Management Consultant

DR STUART ANDREW WINDSOR Appointed: 2022, Occupation: Hospital Executive Director (Nhs)

GLORIA LINDA CRAIG Appointed: 2019, Occupation: None

JILL LOADER Appointed: 2022, Occupation: Project Manager

MICHAEL MOTUM DL Appointed: 2014

PETER BEACHAM Appointed: 2017, Occupation: None

PROFESSOR ANIA ZALEWSKA Appointed: 2022, Occupation: Professor Of Finance

PROFESSOR HENRY FRENCH Appointed: 2017, Occupation: Professor Of Social History

SANDRA VIVIEN MABERLEY Appointed: 2014, Occupation: Theatre Director

Legal constitution

Charitable company registered in England & Wales on 06/10/2014, number: 1158791
Registered at Companies House on 22/05/2014, number: 09053532

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
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds 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

9 returns made; AR15: 1 days late,

Recent reorganisation events:

Asset transfer in from THE SOMERSET COUNTY HISTORY TRUST on 17/12/2022

Main office

Somerset Heritage Centre
Brunel Way
Norton Fitzwarren
Taunton
TA2 6SF

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT, NAMELY:8.1.1 THE ADVANCEMENT OF EDUCATION;8.1.2 THE PROMOTION OF ARTS, HERITAGE, CULTURE AND SCIENCE INCLUDING BY THE PRESERVATION AND SAFEGUARDING OF SUCH LAND, BUILDINGS, STRUCTURES, ARCHAEOLOGY, OBJECTS, RECORDS OR BOOKS AS MAY BE OF HISTORIC OR EDUCATIONAL INTEREST OR SIGNIFICANCE; AND 8.1.3 TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE.

Data Sources

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