Finance Score: -6

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Multiple Deficits: -2
Fundraising costs high: -2

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 3

THE PICTON CASTLE TRUST

To preserve Picton Castle and Gardens for the public benefit. To protect and improve the amenities of Picton. To facilitate and encourage access to and the study and appreciation of Picton, the Gardens and collections. The castle and gardens are open 7 days a week all year.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
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

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £4,060,768 available, equivalent to 64 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
Fundraising costs are high relative to funds raised

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
31/12/22		£607	£756	£-149	£72	£4,086	£4,061	64.4	24	18
31/12/21		£508	£807	£-299	£55	£4,378	£4,355	64.7	19	18
31/12/20		£863	£1,075	£-212	£36	£4,044	£4,020	44.9	17	16
31/12/19		£534	£560	£-26	£58	£4,310	£4,244	91	16	20
31/12/18		£443	£490	£-47	£0	£0	£0	n/a	0	20
31/12/17		£393	£455	£-62	£0	£0	£0	n/a	0	0
31/12/16		£493	£442	£51	£0	£0	£0	n/a	0	0
31/12/15	*	£383	£378	£5	£0	£0	£0	n/a	0	0
31/12/14		£299	£355	£-56	£0	£0	£0	n/a	0	0
31/12/13	*	£309	£345	£-36	£0	£0	£0	n/a	0	0
31/12/12		£267	£375	£-108	£0	£0	£0	n/a	0	0
31/12/11		£257	£382	£-125	£0	£0	£0	n/a	0	0
31/12/10		£239	£339	£-100	£0	£0	£0	n/a	0	0
31/12/09	*	£269	£475	£-207	£0	£0	£0	n/a	0	0
31/12/08		£263	£327	£-64	£0	£0	£0	n/a	0	0
31/12/07		£219	£292	£-73	£0	£0	£0	n/a	0	0
31/12/06		£220	£281	£-60	£0	£0	£0	n/a	0	0
31/12/05		£194	£270	£-76	£0	£0	£0	n/a	0	0
31/12/04		£207	£245	£-38	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 20.6%
Fundraising Costs/Total Spending: 10.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 11%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 64.4 months
Net Current Assets/Spending: 3 months
Quick Ratio: 3.2

Asset Split ?

Established: 36 years

www.pictoncastle.co.uk

info@pictoncastle.co.uk

01437751326

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space

Where it operates

Throughout Wales,

Who it helps

The General Public/Mankind

Who works here?

24 employees
18 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
Wolfson Foundation - Grant to Picton Castle Trust
£55,000	09/12/2020	WF Covid-19 Support Fund
Wolfson Foundation - Grant to Picton Castle Trust
£60,000	05/12/2018	Restoration and interpretation of head gardener's office
National Lottery Heritage Fund - Grant to The Picton Castle Trust
£770,800	10/12/2015	Picton Castle Walled Garden project

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

CHRISTINA MARGARET SHAND Appointed: 2021

NICOLA JANE PHILIPPS Appointed: 2021

TIMOTHY ARTHUR Appointed: 2012

CHARLES CARTER Appointed: 2018, Occupation: Retired

CHRISTOPHER LEIGH ATHERTON Appointed: 2021, Other trusteeships: CHARITY FOR MINISTER AND POORER MEMBERS OF CONGREGATION OF CANTON UNITING CHURCH, BEACON CENTRE TRUST (CARDIFF),

DAVID ELLIS (Chair), Other trusteeships: THE TEMPLE TRUST, PEMBROKESHIRE HISTORIC BUILDINGS TRUST,

Legal constitution

Charity registered in England & Wales on 25/01/1988, number: 519693

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR15: 29 days late, AR13: 13 days late, AR09: 17 days late,

Main office

Picton Castle Trust
Picton Castle
The Rhos
HAVERFORDWEST
SA62 4AS

Objectives

TO PRESERVE FOR THE PUBLIC BENEFIT THE WHOLE OR SUCH PART OR PARTS OF PICTON AS SHALL OR MAY HEREAFTER BE VESTED IN THE CHARITY OR IN RESPECT OF WHICH THE CHARITY SHALL HAVE ANY INTEREST AND WHICH ARE OF NATIONAL SCENIC HISTORIC ARCHITECTURAL AESTHETIC SCIENTIFIC OR ARTISTIC INTEREST OR IMPORTANCE. FOR FURTHER DETAILS SEE CLAUSE 4 OF TRUST DEED.

Defined Area of Benefit:

NOT DEFINED

Data Sources