Finance Score: 4

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Multiple Deficits: -2
Fundraising costs low: +3

Dynamic board: +3
Gender balanced board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 13

GRIMSTHORPE AND DRUMMOND CASTLE TRUST LIMITED

The preservation and enhancement, for the public benefit, of Grimsthorpe Castle in Lincolnshire and Drummond Castle in Perthshire and their gardens and parkland together with the collections of art, furniture and the family and estate archives associated with the properties.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
Spending has increased over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Financial issues to consider:

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
31/03/23		£8,232	£3,929	£4,302	£7	£46,939	£4,531	13.8	57
31/03/22		£3,038	£4,068	£-1,030	£0	£42,635	£5,120	15.1	57
31/03/21		£2,557	£2,824	£-267	£0	£41,747	£3,522	15	43
31/03/20		£2,942	£3,413	£-471	£0	£38,535	£786	2.8	99
31/03/19		£2,763	£3,048	£-285	£0	£38,857	£256	1	104
31/03/18		£2,717	£3,081	£-364	£0	£38,196	£192	0.7	105
31/03/17		£12,708	£2,868	£9,840	£0	£38,091	£-18	-0.1	48
31/03/16		£2,765	£2,951	£-186	£0	£27,426	£-29	-0.1	49
31/03/15		£2,271	£2,460	£-189	£32	£27,990	£229	1.1	49
31/03/14		£2,271	£2,460	£-189	£32	£27,301	£578	2.8	49
31/03/13		£2,035	£2,119	£-84	£30	£27,775	£511	2.9	51
31/03/12		£2,060	£2,113	£-53	£33	£27,324	£6,686	38	48
31/03/11		£1,850	£1,961	£-111	£34	£26,903	£6,350	38.8	48
31/03/10		£1,841	£1,979	£-137	£60	£26,662	£6,131	37.2	46
31/03/09		£1,864	£2,005	£-141	£59	£26,157	£5,633	33.7	46
31/03/08		£1,726	£1,926	£-200	£60	£27,768	£7,346	45.8	46
31/03/07		£1,624	£1,907	£-283	£56	£28,658	£8,256	52	49
31/03/06		£1,625	£2,148	£-523	£0	£0	£0	n/a	0
31/03/05	*	£1,816	£1,762	£54	£0	£0	£0	n/a	0
31/03/04		£1,626	£1,811	£-185	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.2%
Fundraising Costs/Total Spending: 0.2%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 2%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 10%
Reserves/Spending: 13.8 months
Net Current Assets/Spending: 34 months
Quick Ratio: 7.8

Asset Split ?

Established: 46 years

www.grimsthorpe.co.uk

sebastianmiller@grimsthorpe.co.uk

01778591205

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes

GiG Classification

Museums, parks, historical sites

How it operates

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

Where it operates

Lincolnshire, Scotland,

Who it helps

The General Public/Mankind

Who works here?

57 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 51-75

BARONESS WILLOUGHBY DE ERESBY Appointed: 2005

CAROLINE BUTLER Appointed: 2021, Occupation: Asset Manager

RODERICK JAMES NUGENT STEWART Appointed: 2023, Occupation: Director

SARAH TROUGHTON (Chair) Appointed: 2021, Occupation: Trustee

NICHOLAS JOHN SAMUEL HARRIES Appointed: 2021, Occupation: Partner, Other trusteeship: THE FREDDIE SMITH TRUST,

RICHARD CALVOCORESSI CBE Appointed: 2005, Other trusteeship: CHIOS CHARITIES,

SEBASTIAN MILLER Appointed: 2012, Occupation: Army Officer

SIR MARK JONES Appointed: 2012, Occupation: College Warden, Other trusteeships: THE PILGRIM TRUST, THE MICHAEL JACOBS FOUNDATION FOR TRAVEL WRITING,

HUGH PATRICK MATHESON Appointed: 2010, Occupation: Farmer, Other trusteeships: PERLETHORPE-CUM-BUDBY VILLAGE HALL, AUTONOMIC DISORDERS ASSOCIATION SARAH MATHESON TRUST, TOPOLSKI MEMOIR LIMITED, OXFORD UNIVERSITY BOAT CLUB TRUST CIO,

Legal constitution

Charitable company registered in England & Wales on 12/03/1978, number: 507478
Registered at Companies House on 09/03/1978, number: 01356661

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
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
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR05: 1 days late,

Main office

Grimsthorpe & Drummond Castle Trust Ltd
Estate Office
Grimsthorpe
BOURNE
Lincolnshire
PE10 0LY

Objectives

TO ADVANCE EDUCATION, TO ADVANCE PROMOTE AND AID SUCH OTHER PURPOSES AS ARE RECOGNISED TO BE EXCLUSIVELY CHARITABLE.

Defined Area of Benefit:

NOT DEFINED

Data Sources