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home >> charity search >> somerset nhs foundation trust charitable funds
Finance Score: -1
Governance Score: 0
Support Score: 2
  • Liabilities <10%: +3
  • Excess reserves: -4
  • Large legacies income: +1
  • Spending falling: -1
  • but now stabilising: +1
  • Volatile income
  • spending growth: -1
    • Grant maker support: +2
    Overall GiG Score: 1 ?

    SOMERSET NHS FOUNDATION TRUST CHARITABLE FUNDS 

    The Charity's objectives are as follows" the trustees shall hold the trust fund upon trust to apply the income, and at their discretion, the capital, for any charitable purpose or purposes relating to the National Health Service mainly in Somerset".
    Analysis by Giving is Great

    Positives:

    • The charity has received modest backing from a grant maker
    • This charity has a robust balance sheet
    • This charity has received considerable income from legacies in recent years
    • There have been no material income shortfalls in recent years

    Regulatory & Governance issues to consider:

    • This charity uses a corporate trustee

    Financial issues to consider:

    • This charity has substantial assets and unrestricted reserves of £2,813,871 available, equivalent to 43 months of spending and so may not be able to utilise additional funding
    • Spending has fallen significantly over the last 5 years relative to the previous period but has stabilised more recently
    • Income has been volatile recently but spending has been maintained


    miles
    Established: 27 years

    https://www.lovemusgrove.org.uk

    nick.boatwright@SomersetFT.nhs.uk

    07785 720479

    Charity Commission for England and Wales
    UN SDGs
    ?

    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
    31/03/23£965£794£171£113£3,076£2,81442.5012
    31/03/22£842£847£-5£127£2,977£2,67637.9097
    31/03/21£1,668£1,123£545£67£2,817£2,43026020
    31/03/20£737£747£-10£66£1,945£1,45923.4019
    31/03/19£1,630£1,679£-49£46£2,121£1,49110.7020
    31/03/18£1,395£971£424£69£2,148£1,43017.700
    31/03/17£656£822£-166£36£1,786£99814.600
    31/03/16£958£675£283£36£1,806£1,0711900
    31/03/15£559£861£-302£73£1,559£87812.200
    31/03/14£838£887£-48£80£1,779£1,01913.800
    31/03/13£477£835£-358£0£0£0n/a00
    31/03/12£482£684£-202£0£0£0n/a00
    31/03/11£771£553£218£28£2,170£1,16325.200
    31/03/10£546£631£-85£35£1,905£65612.500
    31/03/09£792£1,216£-424£56£1,708£202200
    31/03/08£1,500£655£844£21£2,565£130.200
    31/03/07*£860£692£168£19£1,950£140.200
    31/03/06£676£827£-150£0£0£0n/a00
    31/03/05£753£552£201£0£0£0n/a00
    31/03/04£769£671£98£0£0£0n/a00
    Show more rows -->

    Download accounts
    Financial Ratios
    Fundraising Costs/Relevant Income: 14%
    Fundraising Costs/Total Spending: 14.2%
    Highest pay band: Less than £60,000
    Liabilities/Assets: 4%
    Liabilities/Income: 13%
    Unrestricted Funds/Total Funds: 91%
    Reserves/Spending: 42.5 months
    Net Current Assets/Spending: 12 months
    Quick Ratio: 7.1
    Asset Split ?
    Listed activities
    • The Advancement Of Health Or Saving Of Lives
    How it operates
    • Makes Grants to Organisations
    • Other charitable activities
    Where it operates
    • Somerset,
    Who it helps
    • The General Public/Mankind
    Who works here?
    • Unknown number of employees
    • 12 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
    Somerset Community Foundation - Equipment for Children's Ward
    £9,429 03/07/2019
    9
    Equipment for neonatal unit.
    Garfield Weston Foundation - Main Grants award
    £30,000 20/09/2017
    Love Musgrove MRI Scanner Campaign

    Data sourced from Donors via 360 Giving

    How is it governed?

    Trustees (1)

    • SOMERSET NHS FOUNDATION TRUST
    Legal constitution
    • Charity registered in England & Wales on 24/12/1996, number: 1059922
    Gift Aid
    • Registered with HMRC for Gift Aid
    Event History
    Policies in force
    • Complaints handling
    • 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
    • Trustee conflicts of interest policy and procedures
    • Trustee expenses policy and procedures
    • Volunteer management
    Filing Record
    20 returns made; AR07: 2 days late,
    Main office

    Somerset NHS FT Finance Department
    Level 2
    B/C Link
    County H

    Objectives

    FOR ANY CHARITABLE PURPOSE OR PURPOSES RELATING TO THE NATIONAL HEALTH SERVICE WHOLLY OR MAINLY AT THE SOMERSET NHS FOUNDATION TRUST

    Defined Area of Benefit:

    NOT DEFINED

    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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