Finance Score: -8

Governance Score: 6

Support Score: 8

Poor Liquidity: -1
Good Reserves: +1Spending falling: -1
Multiple Deficits and declines: -5
Fundraising costs high: -2

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +8

Overall GiG Score: 6

LUTON CULTURAL SERVICES TRUST

Luton Culture comprises arts, community centres, libraries and museums. Our facilities received over 1.45 million visits. Core library and museum services and arts development activities are provided free of charge with most events and performances subsidised.

Analysis by Giving is Great

Positives:

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 age and dynamic in terms of composition

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile and on several occasions in recent years less than spending
Fundraising costs are high relative to funds raised

Established: 16 years

www.culturetrust.com

info@culturetrust.com

01582 878122

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		£2,832	£4,304	£-1,471	£543	£5,815	£5,703	15.9	45	76
31/03/22		£3,992	£3,636	£356	£387	£-698	£-738	-2.4	38	1,429
31/03/21		£4,541	£3,314	£1,227	£320	£-3,858	£-3,904	-14.1	50	15
31/03/20		£6,710	£6,866	£-156	£680	£-771	£-950	-1.7	127	1,525
31/03/19		£8,066	£6,611	£1,455	£561	£-1,852	£-2,393	-4.3	128	186
31/03/18	*	£7,666	£7,256	£410	£719	£-3,504	£-3,893	-6.4	160	0
31/03/17		£7,262	£7,594	£-332	£956	£-4,155	£-4,341	-6.9	175	0
31/03/16		£7,217	£7,915	£-698	£879	£-1,994	£-2,191	-3.3	192	0
31/03/15		£7,217	£7,696	£-479	£766	£-3,310	£-3,567	-5.6	139	0
31/03/14		£8,229	£7,943	£285	£1,007	£-478	£-659	-1	166	0
31/03/13		£8,875	£7,954	£921	£1,007	£-769	£-850	-1.3	144	0
31/03/12	*	£8,428	£7,925	£503	£1,028	£-473	£-503	-0.8	144	0
31/03/11	*	£7,891	£7,698	£193	£429	£-78	£-78	-0.1	160	0
31/03/10	*	£7,653	£7,893	£-240	£429	£-2,869	£-2,906	-4.4	152	0
31/03/09		£8,010	£7,683	£328	£380	£-160	£-268	-0.4	149	0

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Financial Ratios

Fundraising Costs/Relevant Income: 24.8%
Fundraising Costs/Total Spending: 12.6%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 26%
Liabilities/Income: 73%
Unrestricted Funds/Total Funds: 98%
Reserves/Spending: 15.9 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Provides services

Where it operates

Luton,

Who it helps

The General Public/Mankind

Who works here?

45 employees
76 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	£1,131,429
National Lottery Heritage Fund	£77,700
Bedfordshire and Luton Community Foundation	£25,000
The Pilgrim Trust	£20,000

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to Luton Cultural Services Trust
£10,000	22/03/2023	Sustainable Stockwood
DCMS - 47 Guildford Street, Luton, LU1 2NJ
£18,200	01/04/2022	Development and repair project to site, repairs to substructureand superstructure at 47 Guildford Street
Bedfordshire and Luton Community Foundation - Developing LGBTQ+ visibility and support structures in Luton
£25,000	09/02/2022	Over 18 months, The Culture Trust will work with key voluntary, community, and professional partners to develop and deliver a programme of co-created change for the LGBTQ+ community of Luton. It will ....more Over 18 months, The Culture Trust will work with key voluntary, community, and professional partners to develop and deliver a programme of co-created change for the LGBTQ+ community of Luton. It will particularly respond to the increased physical and emotional isolation and poor mental health
DCMS - Culture Recovery Fund: Continuity Support
£293,777	27/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.
National Lottery Heritage Fund - Grant to Luton Cultural Services Trust (Luton Culture)
£67,700	18/08/2020	COVID19 Luton Cultural Services Trust
The Pilgrim Trust - Grant to Luton Cultural Services Trust (The Culture Trust)
£20,000	05/06/2020 9	The conservation and regeneration of Grade 2 listed Victorian hat factory at 47 Guildford Street, Luton known as the Hatworks.
DCMS - ALB-HISTORIC ENGLAND - 47 Guildford Street, Luton, LU1 2NJ
£50,000	01/04/2020	Development and repair project to site. The wider aim of the scheme is: The scheme is intended to reduce the risk faced by some of the most significant historic sites in England, as shown on the ....more Development and repair project to site. The wider aim of the scheme is: The scheme is intended to reduce the risk faced by some of the most significant historic sites in England, as shown on the Heritage at Risk Register. The focus of grants is on those sites which are most in need of repair, and where, without our grant, a project would not be able to go ahead
DCMS - Re-Animate
£769,452	01/04/2020	To support Arts and Culture throughout England
DCMS - 47 Guildford Street, Luton
£181,800	01/04/2019	Development and repair project to site
DCMS - 47 Guildford Street, Luton
£4,400	01/04/2018	Roof and RWG repair.
DCMS - Repair Grants for Heritage at Risk
£44,000	12/07/2017	Roof and RWG repair.
National Lottery Heritage Fund - Grant to Luton Cultural Services Trust (Luton Culture)
£78,200	18/07/2013	Taking the next step: Improving heritage commercialisation at Luton Culture
National Lottery Community Fund - Luton Veg Fest
£10,000	11/04/2013 12	This is a project by an incorporated charity in Luton, Bedfordshire. The organisation will use funding to provide schools with support to run sustainable growing projects, culminating in a ....more This is a project by an incorporated charity in Luton, Bedfordshire. The organisation will use funding to provide schools with support to run sustainable growing projects, culminating in a celebratory event, where schools will showcase their produce at the end of the summer term. This will enable school staff to educate children about the benefits of exercise and healthy eating, with the aim of reducing child obesity.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Age Range of Trustees: 39-67

ANDREW STRANGE Appointed: 2008, Occupation: Web Developer

ANDREA GODDARD STARK Appointed: 1992, Occupation: Retired

BILAL HUSSAIN Appointed: 2022, Occupation: Company Director

DR CARLOTA LARREA Appointed: 2019, Occupation: Head Of School, Culture And Communications

JOANNE ELIZABETH READ Appointed: 2022, Occupation: Managing Director

JULMA BEGUM Appointed: 2021, Occupation: Solicitor

NICK GIBSON Appointed: 2007, Occupation: Chief Executive Of Sight Concern

ROBERT SMALLEY Appointed: 2018, Occupation: Commercial Director, Other trusteeship: ST ALBANS AND DISTRICT FOODBANK,

SUFIAN SADIQ Appointed: 2018, Occupation: Head Of Vocational Education, Other trusteeships: THE CHARTERED COLLEGE OF TEACHING, LUTON TOWN FC COMMUNITY TRUST, DISCOVER ISLAM LUTON, THE MONKEY BUSINESS FOUNDATION LIMITED, WORKING OPTIONS IN EDUCATION,

SAFEER AHMED Appointed: 2022, Occupation: Lecturer In Accounting And Finance

Legal constitution

Charitable company registered in England & Wales on 27/02/2008, number: 1122964
Registered at Companies House on 17/09/2007, number: 06373488

Gift Aid

Registered with HMRC for Gift Aid

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
Investing charity funds policy and procedures
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

15 returns made; AR18: 36 days late, AR12: 0 days late, AR11: 1 days late, AR10: 2 days late,

Main office

THE HAT FACTORY ARTS CENTRE
65-67 BUTE STREET
LUTON
LU1 2EY

Objectives

3.1 THE ADVANCEMENT AND SUPPORT OF EDUCATION, CULTURE, ARTS, HERITAGE AND HISTORY INCLUDING THE PROVISION OF LIBRARIES, MUSEUMS, GALLERIES, LEARNING AND INFORMATION CENTRES, ARCHIVES AND OTHER RELATED SERVICES; AND/OR3.2 THE PROVISION OR ASSISTANCE IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE SUCH FACILITIES BEING PROVIDED TO THE PUBLIC AT LARGE SAVE THAT SPECIAL FACILITIES MAY BE PROVIDED TO PERSONS WHO BY REASON OF THEIR YOUTH, AGE,INFIRMITY OR DISABILITY, POVERTY OR SOCIAL OR ECONOMIC CIRCUMSTANCES MAY HAVE NEED OF SPECIAL FACILITIES OR SERVICES; AND/OR3.3 SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE PUBLIC CONSISTENT WITH THE OBJECTS ABOVE AS THE DIRECTORS SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE

Defined Area of Benefit:

LUTON AND WIDER AREA OF EAST OF ENGLAND

Data Sources