Finance Score: -3

Governance Score: 8

Support Score: 8

Excess reserves: -4
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 13

SOMERSET HOUSE TRUST

Somerset House Trust was established in 1997 to enhance the education of the public by the provision of a centre for the arts and to maintain the buildings for the benefit of the local and international community as an example of English national heritage. At its heart lies a creative community of innovative businesses and social enterprises which contribute to the vibrancy and energy of the site.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 13 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £79,330,000 available, equivalent to 42 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

Established: 27 years

www.somersethouse.org.uk

CoSec@somersethouse.org.uk

02078454670

Charity Commission for England and Wales

Tweets

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		£21,187	£22,555	£-1,368	£180	£79,537	£79,330	42.2	108	72
31/03/22		£16,954	£17,701	£-747	£132	£80,905	£80,513	54.6	83	107
31/03/21		£11,948	£12,594	£-646	£215	£81,652	£80,713	76.9	84	95
31/03/20		£20,130	£21,451	£-1,321	£368	£82,278	£82,108	45.9	89	120
31/03/19		£19,658	£19,474	£184	£216	£83,638	£2,795	1.7	80	120
31/03/18		£15,904	£17,189	£-1,286	£168	£83,454	£774	0.5	71	0
31/03/17		£14,838	£16,508	£-1,670	£147	£84,730	£84,799	61.6	62	0
31/03/16		£14,703	£15,456	£-752	£231	£86,399	£86,209	66.9	53	0
31/03/15		£12,911	£13,895	£-984	£2,837	£92,569	£92,760	80.1	49	0
31/03/14		£10,864	£13,696	£-2,833	£2,525	£87,711	£87,924	77	47	0
31/03/13	*	£18,335	£12,042	£6,293	£2,270	£90,544	£90,753	90.4	39	0
31/03/12		£11,800	£10,408	£1,392	£1,540	£84,251	£84,817	97.8	35	0
31/03/11		£9,568	£9,667	£-99	£981	£82,859	£82,915	102.9	35	0
31/03/10		£8,616	£10,214	£-1,598	£1,535	£82,958	£82,860	97.3	31	0
31/03/09		£10,247	£11,663	£-1,415	£1,109	£32,191	£21,633	22.3	28	0
31/03/08		£8,076	£9,476	£-1,401	£894	£33,606	£22,686	28.7	24	0
31/03/07		£7,083	£8,746	£-1,663	£933	£35,004	£23,216	31.9	26	0
31/03/06	*	£5,948	£7,029	£-1,081	£0	£0	£0	n/a	0	0
31/03/05		£5,957	£7,311	£-1,354	£0	£0	£0	n/a	0	0
31/03/04		£5,377	£6,209	£-832	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 1.2%
Fundraising Costs/Total Spending: 0.8%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 15%
Liabilities/Income: 64%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 42.2 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.5

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

How it operates

Other charitable activities
Provides buildings/facilities/open space

Where it operates

Throughout London,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

108 employees
72 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.

Major supporters in last 5 years

DCMS	£1,266,000
Rothschild Foundation	£79,790
The Foyle Foundation	£75,000

Specific Donations

Amount	When Months	To be used for
Rothschild Foundation - Grant to Somerset House
£790	01/03/2023	Cost of living supplementary grant
Rothschild Foundation - Grant to Somerset House
£79,000	08/07/2022	We seek support for the next intake of Creators-in-Residence, Somerset House’s innovative programme for digital creatives, in addition to purchasing equipment to enhance our capability to produce ....more We seek support for the next intake of Creators-in-Residence, Somerset House’s innovative programme for digital creatives, in addition to purchasing equipment to enhance our capability to produce high-quality digital content.
The Foyle Foundation - Arts
£75,000	11/02/2021	to support three Gallery 31 exhibition seasons and to replace failed CCTV in main gallery spaces
DCMS - Somerset House - Support Request
£850,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Somerset House - Support Request
£416,000	01/04/2020	To support Arts and Culture throughout England
Greater London Authority - Grant to Somerset House Trust
£501,000	29/03/2018	To deliver the Good Growth Fund Somerset House
John Ellerman Foundation - Towards salary costs of a producer for new studios project
£40,000	25/05/2017 24	Towards the salary of an Artist Development Producer to establish and grow a new national network for cross-disciplinary arts with regional partners and host residencies for regionally based artists
City Bridge Trust - Grant to Somerset House Trust
£91,000	24/11/2016 36	£91,000 over three years (£34,000; £28,500; £28,500) towards the costs of Somerset House Trust’s Edible Utopia programme, with funds covering 1.5 days p/w of an Outreach Manager, volunteer ....more £91,000 over three years (£34,000; £28,500; £28,500) towards the costs of Somerset House Trust’s Edible Utopia programme, with funds covering 1.5 days p/w of an Outreach Manager, volunteer expenses, the production of education materials and a small capital sum towards a new potting shed.

Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (13)

Current Trustees appointed

Gender Split

Based on 12/13 persons

Age Range of Trustees: 36-72

ALIX BURGE Appointed: 2020, Occupation: Vice President

BARONESS GAIL RUTH REBUCK (Chair) Appointed: 2022, Occupation: Director

DAWID KONOTEY-ADADEY KONOTEY-AHULU Appointed: 2022, Occupation: Company Director

ELLIOTT JOHN LINGER Appointed: 2024, Occupation: Product And Marketing Strategist

JENNIFER DUVALIER Appointed: 2022, Occupation: Company Director

JESSICA EMILY TAMSEDGE Appointed: 2023, Occupation: Ceo

JONATHAN EDWARD NEWHOUSE Appointed: 2020, Occupation: Chairman, Other trusteeship: GIRL EFFECT,

MELANIE RUTH HALL Appointed: 2017, Occupation: Barrister (Q.C.)

MARTINE LESLEY D'ANGLEJAN-CHATILLON Appointed: 2019, Occupation: Producer

MONICA MONAJEM ISFAHANI Appointed: 2020, Occupation: Company Director

PAUL JONATHAN GOSWELL Appointed: 2017, Occupation: Managing Director

PETER WODEHOUSE WILLIAMS Appointed: 2023, Occupation: Director

SOPHIE TURNER LAING Appointed: 2022, Other trusteeship: THE NATIONAL FILM AND TELEVISION SCHOOL,

Legal constitution

Charitable company registered in England & Wales on 29/07/1997, number: 1063640
Registered at Companies House on 17/06/1997, number: 03388137

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
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; AR13: 2 days late, AR06: 0 days late,

Main office

Somerset House Trust
Somerset House
Strand
LONDON
WC2R 1LA

Objectives

TO ADVANCE THE EDUCATION OF THE PUBLIC BY THE PROVISION OF A CENTRE FOR THE ARTS IN SOMERSET HOUSE IN LONDON INCLUDING IN PARTICULAR (BUT WITHOUT LIMITATION) PROMOTING AND MAINTAINING CERTAIN PARTS OF SOMERSET HOUSE FOR THE BENEFIT OF THE LOCAL COMMUNITY AND INTERNATIONAL COMMUNITY AS A PUBLIC BUILDING AND AS AN EXAMPLE OF ENGLISH NATIONAL HERITAGE.

Defined Area of Benefit:

NATIONAL

Data Sources