Finance Score: 3

Governance Score: 6

Support Score: 8

Poor Liquidity: -1
Good Reserves: +1Fundraising costs low: +3

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

Overall weighted support: +8

Overall GiG Score: 17

THE GRANGE FESTIVAL

Performing arts in particular opera

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
Spending has increased over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/09/23		£3,567	£3,548	£20	£81	£1,829	£1,829	6.2	9	50
30/09/22		£3,960	£3,635	£325	£70	£1,810	£1,810	6	14	50
30/09/21		£2,602	£3,268	£-667	£69	£1,484	£1,484	5.4	12	50
30/09/20		£2,463	£1,550	£913	£67	£2,151	£2,151	16.7	6	50
30/09/19		£3,752	£3,275	£477	£68	£1,239	£1,207	4.4	7	55
30/09/18		£3,063	£2,823	£240	£66	£762	£739	3.1	6	0
30/09/17		£2,937	£2,884	£52	£75	£522	£501	2.1	4	0
30/09/16	*	£826	£356	£469	£0	£469	£469	15.8	1	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.4%
Fundraising Costs/Total Spending: 2.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 23%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 6.2 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.2

Asset Split ?

Balance Sheet History

Established: 9 years

www.thegrangefestival.co.uk

info@thegrangefestival.co.uk

01962791020

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
General Charitable Purposes

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space

Where it operates

Hampshire,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£350,000
The Foyle Foundation	£45,000
Esmee Fairbairn	£10,000
Woodward Charitable Trust	£10,000

Specific Donations

Amount	When Months	To be used for
Esmee Fairbairn - TASK to The Grange Festival
£10,000	05/02/2024	TASK fund donation towards the Open House programme
Woodward Charitable Trust - Education outreach project
£5,000	20/10/2023	Education outreach project
Woodward Charitable Trust - Community outreach work
£5,000	22/02/2022	Community outreach work
DCMS - Culture Recovery Fund: Emergency Resource Support
£350,000	29/11/2021	This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted all other options for increasing their resilience.
The Foyle Foundation - Arts
£45,000	08/07/2021	towards core costs, specifically towards the expected shortfall on the yearend 30 September 2021 which includes the 2021 festival

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 42-78

BINDESH PREMCHAND SHAH Appointed: 2023, Occupation: None

CAROLINE GREENHALGH Appointed: 2022, Occupation: Company Director

DOUGLAS RAE Appointed: 2023, Occupation: Producer

MALCOLM JOHN LE MAY Appointed: 2016, Occupation: Banker

NICHOLAS TIMOTHY ALLAN Appointed: 2019, Occupation: Company Director

OLIVER GUY RUFFMAN BAINES Appointed: 2023, Occupation: Musician

QC ROSAMUND BERNAYS QC Appointed: 2016

SIR RICHARD JOHN MANTLE OBE DL Appointed: 2023

SONIA PONNUSAMY Appointed: 2024, Occupation: Finance

Legal constitution

Charitable company registered in England & Wales on 03/03/2016, number: 1165859
Registered at Companies House on 16/10/2015, number: 09828929

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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
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

8 returns made; AR16: 205 days late,

Main office

c/o The Grange Estate
Estate Office
Folly Hill Farm
Itchen Stoke
Alresford
SO24 9TF

Objectives

THE OBJECT OF THE CHARITY IS TO ADVANCE EDUCATION THROUGH THE PROMOTION, SUPPORT AND ENCOURAGEMENT OF THE ART OF MUSIC AND DRAMA ( INCLUDING OPERA, MUSIC, DRAMA, DANCING, SINGING AND ALL FORMS CONSTITUTING IN WHOLE OR IN PART OF MUSIC) AND IN PARTICULAR THE PROMOTION, ENCOURAGEMENT AND APPRECIATION OF OPERA.NOTHING IN THE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND / OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

Data Sources

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