Finance Score: 0

Governance Score: 4

Support Score: 5

Excess reserves: -5
Strong growth: +2
Fundraising costs low: +3

Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 9

HAY CASTLE TRUST

The Company's objects are to preserve the heritage of Hay Castle in Hay-on-Wye and to advance educationon the architecture of the building, local history and the arts by the purchase and preservation of the buildingand its surrounding land.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
Fundraising costs are low relative to funds raised
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 gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £9,491,855 available, equivalent to 239 months of spending and so may not be able to utilise additional funding

Established: 12 years

www.haycastletrust.org

info@haycastletrust.org

01497820079

Charity Commission for England and Wales

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
30/04/23		£616	£476	£140	£27	£9,654	£9,492	239.4	6	67
30/04/22		£1,289	£162	£1,128	£2	£9,514	£9,463	701.9	3	20
30/04/21	*	£1,538	£92	£1,446	£4	£8,386	£8,143	1063.7	2	110
30/04/20		£1,562	£108	£1,454	£28	£6,940	£6,679	742.9	2	110
30/04/19		£1,583	£81	£1,503	£22	£5,486	£4,792	713.5	1	20
30/04/18		£396	£86	£310	£0	£0	£0	n/a	0	0
30/04/17		£586	£91	£494	£36	£3,674	£2,974	390.6	1	0
30/04/16		£753	£119	£634	£26	£3,180	£2,721	274.8	2	0
30/04/15		£442	£101	£341	£0	£0	£0	n/a	0	0
30/04/14		£115	£115	£1	£0	£0	£0	n/a	0	0
30/04/13?	*	£2,253	£49	£2,204	£9	£2,205	£205	50.1	1	0
31/05/12	*	£27	£26	£1	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 5.1%
Fundraising Costs/Total Spending: 5.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 13%
Liabilities/Income: 233%
Unrestricted Funds/Total Funds: 98%
Reserves/Spending: 239.4 months
Net Current Assets/Spending: -19 months
Quick Ratio: 0.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Other charitable activities
Provides buildings/facilities/open space

Where it operates

Herefordshire, Powys,

Who it helps

The General Public/Mankind

Who works here?

6 employees
67 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
Esmee Fairbairn - Grant to Hay Castle Trust
£26,667	05/05/2020 6	towards unrestricted core costs as a COVID-19 Fast Response grant
Garfield Weston Foundation - Main Grants award
£50,000	22/11/2019	Regeneration of Hay Castle
Esmee Fairbairn - Grant to Hay Castle Trust
£160,000	28/02/2018 36	Towards the managing director post during construction phase, opening to the public and use by the local community as an arts and learning centre.
National Lottery Community Fund - RUR: Hay Castle Community Hub
£76,160	25/07/2017 24	Project Summary : Hay Castle Trust will reduce isolation for 50 community members and improve the skills of 250 residents and visitors in Hay on Wye. The project will provide staff and volunteers to ....more Project Summary : Hay Castle Trust will reduce isolation for 50 community members and improve the skills of 250 residents and visitors in Hay on Wye. The project will provide staff and volunteers to deliver talks, workshops and educational activities to bring people together and encourage learning and creativity. What Money is for : The grant over two years will part fund staff salaries, and material costs plus website expenses. .
Andrew Lloyd Webber Foundation - Grant to Hay Castle Trust
£25,675	31/10/2016 12	Heritage Building Skills Training Programme at Hay Castle
Dulverton Trust - Traditional Building Skills Training
£20,000	11/02/2016	Traditional Building Skills Training
National Lottery Heritage Fund - Grant to Hay Castle Trust
£5,624,300	25/03/2014	The Regeneration of Hay Castle

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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: 53-70

ALICE SHERWOOD Appointed: 2021, Occupation: Senior Visiting Research Fellow

CAROL PEACE Appointed: 2021, Occupation: Artist

CHRISTOPHER STEPHEN FYLES Appointed: 2020, Occupation: Self-Employed Tax Adviser, Other trusteeship: PK PORTHCURNO,

ED FOX Appointed: 2018, Occupation: Consultant

FIONA GLIDA HOWARD Appointed: 2020, Occupation: Retired

JENNIFER BENNETT Appointed: 2021, Occupation: Hr Director

ROBERT COLLINGWOOD Appointed: 2023, Occupation: Retired Architect

SUSAN MALTHOUSE (Chair) Appointed: 2018, Occupation: Solicitor

STEPHEN PURSE Appointed: 2020, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 03/11/2011, number: 1144524
Registered at Companies House on 18/05/2011, number: 07639471

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
Internal risk management 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

12 returns made; AR21: 8 days late, AR13: 10 days late, AR12: 14 days late,

Main office

Hay Castle
Oxford Road
Hay-on-Wye
Hereford
HR3 5DG

Objectives

(1) To preserve Hay Castle and the land and buildings within Its curtilage, which are of historic, architectural or constructional Interest or exhibit craftsmanship worthy of preservation(2) To advance education on the architecture of Hay Castle and the local History(3) To advance education in the arts (Including literature, performance arts, paintings and any other creative art forms) which could Include the establishment and maintenance of an art museum or art gallery or art festival or theatre or other arts centre.

Defined Area of Benefit:

NOT DEFINED

Data Sources