Finance Score: 1

Governance Score: -1

Support Score: 4

Liabilities <10%: +3
Excess reserves: -5
Fundraising costs low: +3

Mainly male board: -1

Grant maker support: +4

Overall GiG Score: 4

TAUNTON HERITAGE TRUST

We are an almshouse charity providing flats in Taunton to people aged 60 and over who are in need and capable of independent living. We provide part time warden assistance and every flat benefits from communal laundries and our beautiful gardens. We also run a monthly grant scheme that benefits Taunton Deane residents who can demonstrate financial need.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

The Board is predominantly male

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £6,028,261 available, equivalent to 121 months of spending and so may not be able to utilise additional funding

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
30/06/23	£968	£596	£372	£0	£7,347	£6,028	121.4	8	0
30/06/22	£691	£612	£79	£0	£7,086	£5,701	111.8	8	0
30/06/21	£715	£521	£195	£0	£7,287	£5,702	131.4	8	0
30/06/20	£733	£617	£116	£0	£7,062	£5,786	112.5	9	1
30/06/19	£7,620	£558	£7,062	£0	£7,072	£5,671	121.9	7	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.9%
Fundraising Costs/Total Spending: 3%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 4%
Unrestricted Funds/Total Funds: 82%
Reserves/Spending: 121.4 months
Net Current Assets/Spending: 8 months
Quick Ratio: 7.3

Asset Split ?

Established: 6 years

www.tauntonheritagetrust.org.uk

info@tauntonheritagetrust.org.uk

01823335348

Charity Commission for England and Wales

Tweets

Listed activities

Accommodation/Housing
Disability
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides buildings/facilities/open space

Where it operates

Somerset,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People With Disabilities

Who works here?

8 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.

Specific Donations

Amount	When Months	To be used for
Department for Business, Energy and Industrial Strategy - Manufacturing and Advanced Simulation of Continuous Tow Shearing (MASCoTS)
£23,595	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=52622
Department for Business, Energy and Industrial Strategy - Pressure efficient tape wound hYDROgen storage (PYDRO)
£124,227	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10034158
Department for Business, Energy and Industrial Strategy - TEsting of Fibre Steered Composites (TEFSC)
£21,476	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10039205
Department for Business, Energy and Industrial Strategy - DURABILITY MODELLING OF COMPOSITE STRUCTURES WITH ARBITRARY LAY-UP USING STANDARDIZED TESTING AND ARTIFICIAL INTELLIGENCE (D-STANDART)
£44,375	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10048912
Department for Business, Energy and Industrial Strategy - GEFWIN
£26,584	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=600576

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

ANDREW SULLY Appointed: 2023

CHRISTOPHER JAMES CUTTING Appointed: 2018

JOHN RICHARD RUFF Appointed: 2018

JOHN FREDERICK WILLIAMS Appointed: 2018

MICHAEL HELLINGS Appointed: 2018

NORMAN PHILIP CAVILL Appointed: 2018

SUSAN BULLER Appointed: 2020

ANDREW HUNTER ROBERTSON PRITCHARD Appointed: 2019, Other trusteeship: NAVIGATE,

HUGH GREGORY Appointed: 2020, Other trusteeship: BIBIC,

ELIZABETH ANNE FOTHERGILL (Chair) Appointed: 2018, Occupation: Retired, Other trusteeship: NORTH SOMERSET CITIZENS ADVICE BUREAU,

Legal constitution

Charity registered in England & Wales on 14/02/2018, number: 1177162

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Homes England

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

5 returns made; all on time

Main office

TAUNTON HERITAGE TRUST
HUISH HOMES
MAGDALENE STREET
TAUNTON
TA1 1SG

Objectives

(A) TO PROVIDE AFFORDABLE, SUITABLE AND SAFE HOUSING IN THE FORM OF ALMSHOUSES ACCOMMODATION FOR PEOPLE IN NEED AGED 60 YEARS AND OVER WITH PRIORITY BEING GIVEN TO INHABITANTS OF THE BOROUGH OF TAUNTON DEANE (AREA OF BENEFIT).(B) TO PROVIDE RELIEF IN NEED FOR THE RESIDENTS OF THE ALMSHOUSES AND OTHER INHABITANTS OF THE AREA OF BENEFIT, (OR IN EXCEPTIONAL CASES TO PERSONS RESIDENT IMMEDIATELY OUTSIDE THE AREA OF BENEFIT), BY MAKING GRANTS OF MONEY FOR GOODS, SERVICES OR FACILITIES FOR THE BENEFIT OF INDIVIDUALS OR OTHER CHARITIES OR IN SUCH OTHER WAYS AS THE CIO MAY SEE FIT.(C) TO PROVIDE ANNUAL GRANTS TO BISHOP'S FOX SCHOOL AND AS PART OF THE BRITISH SCHOOL FUND, TO OTHER SCHOOLS IN ORDER TO FURTHER THE EDUCATION OF CHILDREN AND YOUNG PEOPLE IN THE AREA OF BENEFIT.

Data Sources