Finance Score: -6

Governance Score: 9

Support Score: 7

Multiple Deficits: -2
Fundraising costs high: -4

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

Grant maker support: +7

Overall GiG Score: 10

THE HEPWORTH WAKEFIELD

Operation of an art gallery and associated facilities

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 gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Established: 14 years

www.hepworthwakefield.org

hello@hepworthwakefield.org

01924247203

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		£3,627	£4,073	£-446	£902	£4,167	£3,945	11.6	57	72
31/03/22		£6,253	£6,286	£-32	£944	£4,358	£4,084	7.8	91	59
31/03/21		£3,696	£2,789	£907	£401	£4,184	£3,460	14.9	94	96
31/03/20		£3,847	£3,976	£-129	£735	£3,425	£1,534	4.6	102	96
31/03/19		£4,454	£3,487	£967	£815	£3,658	£1,932	6.6	57	116
31/03/18	*	£3,715	£3,381	£333	£889	£2,698	£1,875	6.7	87	0
31/03/17	*	£3,388	£3,273	£115	£766	£2,332	£1,697	6.2	78	0
31/03/16	*	£3,012	£2,926	£86	£812	£2,014	£1,495	6.1	72	0
31/03/15		£2,824	£2,939	£-115	£806	£1,921	£1,491	6.1	45	0
31/03/14		£3,488	£3,319	£169	£742	£2,117	£1,597	5.8	53	0
31/03/13		£3,664	£2,944	£720	£934	£1,932	£1,621	6.6	59	0
31/03/12		£3,665	£2,445	£1,219	£803	£1,218	£1,118	5.5	39	0
31/03/11		£744	£746	£-2	£291	£-2	£-2	-0	26	0

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Financial Ratios

Fundraising Costs/Relevant Income: 36.4%
Fundraising Costs/Total Spending: 22.2%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 15%
Liabilities/Income: 21%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 11.6 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science

How it operates

Provides buildings/facilities/open space

Where it operates

City Of Wakefield,

Who it helps

The General Public/Mankind

Who works here?

57 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	£2,637,499
Wolfson Foundation	£130,000
John Ellerman Foundation	£84,667
Garfield Weston Foundation	£75,000

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to The Hepworth Wakefield
£0	07/12/2022	Grant of £20,000 towards Magdalene Odundo's Asymmetric vessel, 2021. Art Fund contributed £35,000. Grant paid via Art Fund (22052)
Wolfson Foundation - Grant to The Hepworth Wakefield
£0	09/12/2021	Grant of £100,000 towards Ben Nicholson's White relief – Quai d’Auteuil – Paris, 1934-35. Art Fund contributed £500,000. Grant paid via Art Fund (22052)
DCMS - Ben Nicholson Quai D'Auteil
£1,495,000	30/03/2021	The work has been valued at £6m and if THW is not able to raise the hybrid funds to acquire the work for the public, it will be sold to a private buyer. Despite the importance of the work to British ....more The work has been valued at £6m and if THW is not able to raise the hybrid funds to acquire the work for the public, it will be sold to a private buyer. Despite the importance of the work to British artistic life, at this point there is no export ban preventing the work from going into a private collectionoverseas.
Wolfson Foundation - Grant to The Hepworth Wakefield
£130,000	09/12/2020	WF Covid-19 Support Fund
Leeds Community Foundation - Art Ambassadors
£4,997	05/05/2020 8	Grant to The Hepworth Wakefield
DCMS - The Hepworth Wakefield
£922,773	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
DCMS - THW Recovery Funding Requirement
£146,726	01/04/2020	To support Arts and Culture throughout England
DCMS - THW Recovery Funding Requirement
£73,000	01/04/2020	To support Arts and Culture throughout England
Garfield Weston Foundation - Main Grants award
£75,000	18/06/2019	The Hepworth Wakefield Garden
John Ellerman Foundation - salary of a curator
£84,667	23/05/2019 24	Towards the salaries and professional development of the curatorial team who will contribute to the installation and curation of outdoor sculpture in the new THW Garden
Wolfson Foundation - Grant to The Hepworth Wakefield
£150,000	05/12/2018	Riverside Gallery Garden
Leeds Community Foundation - Art SOS
£4,995	29/10/2018 13	Grant to The Hepworth Wakefield
Paul Hamlyn Foundation - Developing the Integrated Youth Programme
£215,000	25/09/2017 48	This grant will enable the Hepworth Wakefield to develop its youth programme, which targets 11 to 25 year-olds who are Not in Education, Employment, or Training or at risk of becoming so. The ....more This grant will enable the Hepworth Wakefield to develop its youth programme, which targets 11 to 25 year-olds who are Not in Education, Employment, or Training or at risk of becoming so. The programme will respond to local youth priorities around mental health, building skills, independence and improving wellbeing. It will also further embed the gallery within local youth provision through strategic partnerships and a new Creative Learning Network for youth/arts professionals.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 32-81

ANNA VALLE Appointed: 2023, Occupation: Vp Marketing, Other trusteeship: THE CHELSEA PHYSIC GARDEN COMPANY,

ELLIOT MCDONALD Appointed: 2023, Occupation: Senior Vice President

HENRY MEYRIC HUGHES Appointed: 2019, Occupation: Writer

JON HORROCKS Appointed: 2023, Occupation: Director

KATIE NUGENT Appointed: 2023, Occupation: Global Retail Support

PRIYA KHANCHANDANI Appointed: 2020, Occupation: Editor

SHAUN PARKER Appointed: 2023, Occupation: Company Director, Other trusteeship: THE HEPWORTH WAKEFIELD GARDEN TRUST,

STEVE LANGAN Appointed: 2022, Occupation: Non-Executive Director, Other trusteeship: THE HEPWORTH WAKEFIELD GARDEN TRUST,

SUSAN MAY Appointed: 2023, Occupation: Global Artistic Director

Legal constitution

Charitable company registered in England & Wales on 17/09/2010, number: 1138117
Registered at Companies House on 30/12/2009, number: 07113861

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
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
Paying staff
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

13 returns made; AR18: 1 days late, AR17: 1 days late, AR16: 2 days late,

Main office

The Hepworth Wakefield
Gallery Walk
WAKEFIELD
WF1 5AW

Objectives

THE COMPANY'S OBJECTS ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:1.TO ESTABLISH AND MAINTAIN AN ART GALLERY FOR THE BENEFIT OF THE PUBLIC;2.THE ADVANCEMENT OF EDUCATION OF THE PUBLIC THROUGH THE PROVISION, MAINTENANCE AND SUPPORT OF THE HEPWORTH WAKEFIELD GALLERY WITHIN WAKEFIELD AND ITS ENVIRONS;3.TO PROMOTE, MAINTAIN, IMPROVE AND ADVANCE PUBLIC EDUCATION THROUGH THE CARE, MANAGEMENT AND DISPLAY FOR PUBLIC BENEFIT OF: THE HEPWORTH ESTATE GIFT AND THE WAKEFIELD ART GALLERY FINE ART & SCULPTURE COLLECTIONS (INC. THE GOTT COLLECTION); AND (A) OTHER COLLECTIONS, GROUPINGS, DISPLAYS OR INDIVIDUAL ITEMS FROM ANY OTHER BODY WHICH PROMOTE THE OBJECTS OF THE COMPANY;4. THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC BY THE AID, ESTABLISHMENT, FUNDING OR SPONSORSHIP OF BURSARIES, SCHOLARSHIPS OR GRANTS TO ANY PERSON OR PERSONS, INSTITUTION, ASSOCIATION OR CORPORATE BODY FOR THE PURPOSE OF FURTHERING THE OBJECTS OF THE COMPANY; AND5. SUCH OTHER CHARITABLE OBJECTS AS THE COMPANY SHALL FROM TIME TO TIME DETERMINE.

Defined Area of Benefit:

WAKEFIELD AND ITS ENVIRONS

Data Sources