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home >> charity search >> the palace trust
Finance Score: -2
Governance Score: 6
Support Score: 3
  • Liabilities <10%: +3
  • Fundraising costs high: -5
  • Good trustee age range: +3
  • Dynamic board: +3
  • Grant maker support: +3
Overall GiG Score: 7 ?

THE PALACE TRUST 

The Palace Trust aims to preserve and make accessible The Bishop's Palace and its fourteen acres of gardens to the public, as a place of historic, architectural and landscape interest.
Analysis by Giving is Great

Positives:

  • The charity has received backing from several prominent grant makers recently
  • This charity has a robust balance sheet
  • There have been no material income shortfalls in recent years
  • The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

  • Fundraising costs are extremely high relative to funds raised
miles

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£1,458£1,570£-112£621£1,295£1,2959.951165
31/12/21£1,877£1,450£427£572£1,414£1,41411.742150
31/12/20£1,619£1,210£408£486£980£9809.739120
31/12/19£1,454£1,336£117£642£568£557529238
31/12/18£1,418£1,340£78£638£443£4253.830200
31/12/17£1,334£1,312£22£590£363£3633.3260
31/12/16£1,270£1,085£185£521£341£3283.6250
31/12/15£947£793£155£349£153£1372.1250
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 78.2%
Fundraising Costs/Total Spending: 39.5%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 9%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 9.9 months
Net Current Assets/Spending: 8 months
Quick Ratio: 8.7
Asset Split ?
Established: 9 years

http://www.bishopspalace.org.uk

info@bishopspalace.org.uk

01749988111

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
  • Education/Training
  • Environment/Conservation/Heritage
  • Religious Activities
GiG Classification
  • Museums, parks, historical sites
How it operates
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
Where it operates
  • Somerset,
Who it helps
  • The General Public/Mankind
Who works here?
  • 51 employees
  • 165 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 - CRF21: The Palace Trust
£170,000 08/03/2021
Culture Recovery Fund for Heritage 2020-21
DCMS - CRF20: The Palace Trust
£364,900 14/10/2020
Culture Recovery Fund for Heritage 2020-21
Garfield Weston Foundation - Main Grants award
£20,000 05/05/2017
The Great Hall Conservation Project
National Lottery Heritage Fund - Grant to The Palace Trust
£10,000 07/07/2016
The Dragon's Lair: improving children's engagement with The Bishop's Palace
National Lottery Heritage Fund - Grant to The Palace Trust
£40,600 04/12/2013
Created in Somerset: Celebrating church, craft and cultural heritage at The Bishop’s Palace
National Lottery Heritage Fund - Grant to The Palace Trust
£10,000 21/10/2013
Building a financially sustainable future for The Bishop's Palace through membership, major giving and legacies

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)
Current Trustees appointed

Age Range of Trustees: 35-74
  • ROGER HAWES (Chair) Appointed: 2021, Occupation: Business Consultant
Legal constitution
  • Charitable company registered in England & Wales on 11/03/2015, number: 1160830
  • Registered at Companies House on 26/01/2015, number: 09404519
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
8 returns made; all on time
Recent reorganisation events:
  • Asset transfer in from THE PALACE TRUST on 22/07/2022
Main office

The Bishops Palace
WELLS
Somerset
BA5 2PD

Objectives

THE NEW COMPANY HAS BEEN SET UP WITH THE FOLLOWING OBJECTS: TO PRESERVE FOR THE BENEFIT OF THE PUBLIC THE FABRIC OF THE BISHOP'S PALACE (AS A PLACE OF HISTORIC AND ARCHITECTURAL INTEREST) IN ORDER TO FACILITATE ACCESS TO THE BISHOP'S PALACE BY THE PUBLIC FOR THEIR EDUCATION AND INTEREST AND TO PROMOTE SUCH CHARITABLE PURPOSES AS WILL ADVANCE THE RELIGIOUS AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND IN SUCH MANNER AS THE TRUSTEES SHALL FROM TIME TO TIME DECIDE AND ARE APPROVED BY THE CHURCH COMMISSIONERS.IN THE ARTICLES, CHARITABLE MEANS CHARITABLE IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES PROVIDED THAT IT WILL NOT INCLUDE ANY PURPOSE WHICH IS NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND / OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.FOR THE AVOIDANCE OF DOUBT, THE SYSTEM OF LAW GOVERNING THE CONSTITUTION OF THE CHARITY IS THE LAW OF ENGLAND AND WALES.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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