Finance Score: 1

Governance Score: 2

Support Score: 7

Poor Liquidity: -1
Strong growth: +2

No volunteer policy: -2
Dynamic board: +3
Gender balanced board: +3
Multiple returns filed late: -2

Overall weighted support: +7

Overall GiG Score: 10

STROUD SUBSCRIPTION ROOMS TRUST

The Trust will manage Stroud Subscription Rooms as a cultural and educational resource for the benefit of the people of Stroud, Gloucestershire, and its visitors.

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
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

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Although this charity works with volunteers it does not have a Volunteer Management policy
Over half the Board have joined recently
Returns have been filed late on 2 occasions over the last 4 years and the current period appears to have been extended

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

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
31/03/23		£922	£962	£-41	£138	£2	£2	0	50	60
31/03/22		£834	£806	£28	£94	£42	£42	0.6	27	45
31/03/21	*	£396	£420	£-24	n/a	n/a	n/a	n/a	n/a	n/a
31/03/20	*	£519	£480	£38	£0	£38	£38	1	15	0

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Financial Ratios

Fundraising Costs/Relevant Income: 15%
Fundraising Costs/Total Spending: 14.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 93%
Liabilities/Income: 24%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 0 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.7

Asset Split ?

Balance Sheet History

Established: 6 years

www.thesubrooms.co.uk

hello@thesubrooms.co.uk

01453796880

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Provides financial or material assistance

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Gloucestershire,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
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.

Major supporters in last 5 years

DCMS	£171,870
The Foyle Foundation	£65,000
Garfield Weston Foundation	£40,000
The Pilgrim Trust	£5,000

Specific Donations

Amount	When Months	To be used for
The Pilgrim Trust - Grant to The Stroud Subscription Rooms Charitable Trust
£5,000	21/07/2023	Repairs to the balcony of the Stroud Subscription Rooms
The Foyle Foundation - Arts
£25,000	20/09/2022	towards ongoing costs and marketing over the next 12 months (awarded grant in response to coronavirus)
DCMS - Culture Recovery Fund: Emergency Resource Support
£171,870	09/11/2021	This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted all other options for increasing their resilience.
Garfield Weston Foundation - Main Grants award
£40,000	10/07/2020	The relaunch of Stroud's iconic and much-loved Sub Rooms
The Foyle Foundation - Arts
£40,000	28/11/2019	towards phase 1 of works to develop and refurbish the historic building, specifically new bar, bridge and access (including £5K core funding support)

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

ABIGAIL LUCY WOOD MA Appointed: 2023

ALEXANDER PAUL COWAN FRSA (Chair) Appointed: 2023

DR AMANDA JACQUELINE PETERS Appointed: 2022

DR DELIA PARNHAM-COPE Appointed: 2023

JOHN BEST Appointed: 2022

RICHARD MAULE Appointed: 2023

Legal constitution

Charity registered in England & Wales on 17/10/2018, number: 1180350

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Safeguarding policy and procedures
Serious incident reporting policy and procedures

Filing Record

4 returns made; AR21: 59 days late, AR20: 54 days late,

Main office

The Subscription Rooms
George Street
Stroud
Gloucestershire
GL5 1AE

Objectives

THE OBJECTS OF THE CIO ARE:(1) FOR THE PUBLIC BENEFIT TO PROMOTE APPRECIATION OF AND EDUCATION IN THE ARTS AND CULTURE IN STROUD AND THE SURROUNDING AREAS IN PARTICULAR BY THE MANAGEMENT AND OPERATION OF A COMMUNITY ARTS CENTRE.(2) TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF STROUD AND THE SURROUNDING AREA THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS.

Defined Area of Benefit:

LOCAL

Data Sources

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