Finance Score: -2

Governance Score: 1

Support Score: 0

Excess reserves: -2
Strong growth: +2
Multiple Deficits: -2

Narrow trustee age band: -2
Dynamic board: +3

No supporters identified

Overall GiG Score: -1

WOODSMITH FOUNDATION LIMITED

When operational, the Foundation will make grants towards projects and individuals/organisations which match the criteria set out in the charitable objects of the approved Articles of Association. The charity is required to invest a proportion of its' income and to adhere to a maximum expenditure outside the 'area of interest' of 25% of income.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,511,431 available, equivalent to 26 months of spending and so may not be able to utilise additional funding
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	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/05/22	£1,000	£1,150	£-149	£0	£2,511	£2,511	26.2	1	0
31/05/21	£1,000	£420	£580	£0	£2,661	£2,661	76	1	0
31/05/20	£1,007	£332	£675	£0	£2,081	£2,081	75.1	0	0
31/05/19	£16	£295	£-279	n/a	n/a	n/a	n/a	n/a	3
31/05/18	£1,990	£311	£1,679	£20	£1,701	£1,701	65.7	0	0
31/05/17	£1	£3	£-2	£0	£0	£0	n/a	0	0
31/05/16	£10	£1	£9	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 16%
Liabilities/Income: 48%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 26.2 months
Net Current Assets/Spending: 26 months
Quick Ratio: 6.7

Asset Split ?

Established: 9 years
(11 years as a company)

www.woodsmithfoundation.org.uk

info@woodsmithfoundation.org.uk

01723470010

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides other finance

Where it operates

Throughout England And Wales,

Who it helps

Other Defined Groups

Who works here?

1 employee

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 53-71

WILLIAM BUXTON WOODS Appointed: 2021, Occupation: Land Planning & Environment Director

DR ELIZABETH WALMSLEY Appointed: 2021, Occupation: Consultant, Other trusteeships: SWAINBY VILLAGE HALL, ROTARY CLUB OF STOKESLEY TRUST FUND,

IAN CAMERON SWALES Appointed: 2018, Occupation: Retired

JACQUELINE FLYNN Appointed: 2020, Occupation: Chartered Accountant

JONATHAN SAMUEL Appointed: 2020, Occupation: Group Head Responsible Business Partnerships

MARTIN JAMES NAREY SIR Appointed: 2021, Occupation: Semi Retired, Other trusteeship: NORTH MUSIC TRUST,

NEIL IRVING Appointed: 2015, Occupation: Local Government Officer, Other trusteeships: THE DALES SCHOOL FUND, YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 13/08/2015, number: 1163127
Registered at Companies House on 29/05/2012, number: 08087609

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests

Filing Record

7 returns made; all on time

Main office

Resolution House
Lake View
Scarborough
YO11 3ZB

Objectives

1) ADVANCE EDUCATION INCLUDING BY SUPPORTING PROJECTS AND TRAINING THAT BENEFIT PEOPLE FROM THE AREA OF BENEFIT BY ENHANCING THEIR SKILLS;2) PROMOTE THE GENERAL HEALTH OF THE COMMUNITY;3) ADVANCE ENVIRONMENTAL PROTECTION AND IMPROVEMENT INCLUDING BY ENHANCING THE LOCAL LANDSCAPE;4) PROVIDE AND IMPROVE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE AND LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS; AND 5) RELIEVE THOSE IN NEED BECAUSE OF FINANCIAL HARDSHIP BY VIRTUE OF BEING OUT OF WORK, PARTICULARLY THE LONG TERM UNEMPLOYED, BY HELPING THEM TO GAIN SKILLS.

Data Sources