THE WORDSWORTH TRUST

Charity number: 1066184
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Our charitable activities fall into two categories. (1) Custodianship: of Dove Cottage; of our collection of manuscripts, books & fine art; and of the historic environment of Town End, Grasmere (2) Access and learning: visitor operations; exhibitions and publications; education; and contemporary literature.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,488,000

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Donations and legacies £667.00k
Charitable activities £591.00k
Other trading activities £0
Investments £210.00k
Other £20.00k

Total expenditure:
£1,925,000

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Raising funds £206.00k
Charitable activities £1.43m
Other £289.00k

£289,000 investments gains (losses)

Total income includes £379,000 from 2 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £495.00k
Charitable expenditure £1.43m

People

36 Employee(s)

11 Trustee(s)

43 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 24 November 1997: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
03442086 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • 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
  • 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
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
PROF DRUMMOND BONE Chair 16 November 2017
None on record
Donna Chambers Trustee 20 July 2023
Sunderland Empire Theatre Trust
Received: On time
Anne Elizabeth Young Trustee 20 July 2022
JANE AUSTEN'S HOUSE MUSEUM
Received: On time
THE PETER MINET TRUST
Received: On time
Timothy John Robertson Trustee 26 January 2022
None on record
Dr Amy Elizabeth Concannon Trustee 26 January 2022
None on record
Dr Paul John Davies Trustee 26 January 2022
KELSICK'S EDUCATIONAL FOUNDATION
Received: On time
Gesa Renate Blackmore Trustee 01 February 2019
None on record
Professor Simon John Julian Bainbridge Trustee 01 February 2019
None on record
PROFESSOR DAVID JOHN MCKITTERICK Trustee 01 February 2019
THE WILLISON FOUNDATION CHARITABLE TRUST
Received: On time
THRIPLOW CHARITABLE TRUST
Received: On time
THE NATIONAL MANUSCRIPTS CONSERVATION TRUST
Received: On time
Judith Helen Cooke Trustee 02 November 2013
CAMPAIGN FOR NATIONAL PARKS
Received: On time
David Michael Heal Trustee 02 November 2013
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £4.26m £2.91m £2.92m £1.36m £1.49m
Total expenditure £1.65m £1.37m £2.11m £1.93m £1.93m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £3.26m £2.26m £1.11m £393.00k £379.00k
Income - Donations and legacies £3.83m £2.62m £2.31m £603.00k £667.00k
Income - Other trading activities £63.45k £27.13k £127.07k £0 £0
Income - Charitable activities £100.49k £40.24k £210.84k £570.00k £591.00k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £219.56k £170.53k £169.52k £189.00k £210.00k
Income - Other £45.82k £53.50k £107.74k £0 £20.00k
Income - Legacies £79.05k £38.29k £38.29k £0 £0
Expenditure - Charitable activities £1.28m £1.08m £1.68m £1.47m £1.43m
Expenditure - Raising funds £373.61k £291.83k £432.19k £467.00k £206.00k
Expenditure - Governance £27.24k £17.49k £28.94k £27.00k £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £116.66k £12.69k £18.64k £20 £18
Expenditure - Other £0 £0 £0 £0 £289.00k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £10.36m £11.81m £11.86m £11.68m £11.58m
Long-term investments £7.80m £8.35m £10.18m £10.17m £10.41m
Other assets £906.13k £740.36k £1.44m £392.00k £189.00k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.48m £1.21m £1.12m £1.01m £974.00k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 07 January 2025 On Time
Accounts and TAR 31 March 2024 07 January 2025 On Time Download Open in new window
Annual return 31 March 2023 29 November 2023 On Time
Accounts and TAR 31 March 2023 29 November 2023 On Time Download Open in new window
Annual return 31 March 2022 26 October 2022 On Time
Accounts and TAR 31 March 2022 26 October 2022 On Time Download Open in new window
Annual return 31 March 2021 13 December 2021 On Time
Accounts and TAR 31 March 2021 13 December 2021 On Time Download Open in new window
Annual return 31 March 2020 18 December 2020 On Time
Accounts and TAR 31 March 2020 18 December 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 30/12/1997 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 23/10/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15/11/2003 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 10/08/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15/11/2008 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 08/04/2011 as amended on 30 Jan 2019

Charitable objects

A) TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE WORKS OF THE POET WILLIAM WORDSWORTH AND IN PARTICULAR TO MAINTAIN DOVE COTTAGE, GRASMERE AND ITS ENVIRONS AND TO PRESERVE AND DEVELOP THE TRUST'S PERMANENT COLLECTIONS AS A LIVING MEMORIAL TO HIM. B) TO ADVANCE THE PUBLIC KNOWLEDGE AND ENJOYMENT OF THE LITERATURE AND CULTURE OF THE ROMANTIC PERIOD (1750 TO 1850)

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
THE WORDSWORTH TRUST
DOVE COTTAGE
GRASMERE
AMBLESIDE
LA22 9SH
Phone:
01539435544
Email:
enquiries@wordsworth.org.uk
Website:

www.wordsworth.org.uk Open in new window