WELLS MALTINGS TRUST

Charity overview
Activities - how the charity spends its money
Wells Maltings Trust is a charity with the aims to promote education of the public through the provision of a centre for arts, heritage and community activity
Income and expenditure
Data for financial year ending 31 March 2024
Total income:
£605,418
Donations and legacies | £193.77k | |
Charitable activities | £95.24k | |
Other trading activities | £316.42k | |
Investments | £0 | |
Other | £0 |
Total expenditure:
£886,160
Raising funds | £296.13k | |
Charitable activities | £590.03k | |
Other | £0 |
£0 investments gains (losses)
Charitable expenditure
Charitable expenditure with investment gains
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.
Raising funds and other expenditure | £296.13k | |
Charitable expenditure | £590.03k |
People

20 Employee(s)
10 Trustee(s)
20 Volunteer(s)
Employees with total benefits over £60,000
No employees have total benefits over £60k for this charityFundraising
Trading
Trustee payments
What, who, how, where
- Education/training
- Arts/culture/heritage/science
- Amateur Sport
- Environment/conservation/heritage
- Economic/community Development/employment
- Recreation
- Children/young People
- Other Charities Or Voluntary Bodies
- The General Public/mankind
- Provides Buildings/facilities/open Space
- Provides Services
- Norfolk
Governance
- 11 January 2011: Standard registration
- THE MALTINGS (Working name)
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
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
10 Trustee(s)
Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
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Jeremy James Brettingham Smith | Trustee | 24 January 2025 |
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FELICITY RUTH LYONS | Trustee | 22 November 2024 |
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Dr Esther Madeleine Ogden | Trustee | 22 November 2024 |
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Dinah Caine | Trustee | 05 April 2024 |
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Sarah Carrington | Trustee | 23 June 2023 |
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Helena Deakin | Trustee | 29 January 2021 |
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Valerie Chitty | Trustee | 13 September 2018 |
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Sir Tim Lankester | Trustee | 30 November 2017 |
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KEITH MORRIS OBE | Trustee | 08 November 2015 |
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PAT BANNISTER | Trustee |
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Financial history
Financial period end date
Income / Expenditure | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | 31/03/2024 | ||
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Total gross income | £591.41k | £601.94k | £505.23k | £645.23k | £605.42k | |
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Total expenditure | £846.89k | £650.55k | £820.48k | £884.95k | £886.16k | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | £8.00k | £306.85k | £90.31k | N/A | N/A | |
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Income - Donations and legacies | £194.76k | £481.78k | £170.01k | £309.06k | £193.77k | |
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Income - Other trading activities | £254.12k | £110.47k | £258.57k | £251.18k | £316.42k | |
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Income - Charitable activities | £134.99k | £9.69k | £76.65k | £84.99k | £95.24k | |
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Income - Endowments | £0 | £0 | £0 | £0 | £0 | |
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Income - Investment | £5 | £0 | £0 | £0 | £0 | |
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Income - Other | £7.54k | £0 | £0 | £0 | £0 | |
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Income - Legacies | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Charitable activities | £609.12k | £464.61k | £542.01k | £585.47k | £590.03k | |
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Expenditure - Raising funds | £237.77k | £185.94k | £278.48k | £299.49k | £296.13k | |
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Expenditure - Governance | £5.03k | £5.83k | £5.25k | £5.25k | £6.09k | |
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Expenditure - Grants institution | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Investment management | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Other | £0 | £0 | £0 | £0 | £0 |
Assets and liabilities
Definitions for assets and liabilities
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 InvestmentsInvestments 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.
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 liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese 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.
Asset / Liability | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | 31/03/2024 | ||
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Own use assets | £4.38m | £4.14m | £3.93m | £3.70m | £3.49m | |
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Long-term investments | £0 | £0 | £0 | £0 | £0 | |
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Other assets | £47.51k | £124.18k | £38.63k | £66.25k | £48.50k | |
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Defined benefit pension scheme asset or liability | £0 | £0 | £0 | £0 | £0 | |
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Total liabilities | £188.37k | £73.71k | £92.99k | £128.44k | £185.31k |
Accounts and annual returns
Title | Reporting year | Date received | Received | Download |
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Annual return | 31 March 2024 | 28 January 2025 | On Time | |
Accounts and TAR | 31 March 2024 | 28 January 2025 | On Time | Download Open in new window |
Annual return | 31 March 2023 | 30 January 2024 | On Time | |
Accounts and TAR | 31 March 2023 | 30 January 2024 | On Time | Download Open in new window |
Annual return | 31 March 2022 | 01 February 2023 | 1 days late | |
Accounts and TAR | 31 March 2022 | 01 February 2023 | 1 days late | Download Open in new window |
Annual return | 31 March 2021 | 04 February 2022 | 4 days late | |
Accounts and TAR | 31 March 2021 | 04 February 2022 | 4 days late | Download Open in new window |
Annual return | 31 March 2020 | 14 January 2021 | On Time | |
Accounts and TAR | 31 March 2020 | 14 January 2021 | On Time | Download Open in new window |
Governing document
It is not the full text of the charity's governing document.
MEMORANDUM AND ARTICLES INCORPORATED 09/06/2010 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 09/11/2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 19 NOV 2015
Charitable objects
THE OBJECTS OF THE CHARITY ARE:- 3.1 TO PURSUE ANY CHARITABLE PURPOSE, PRIMARILY FOR THE BENEFIT OF THE COMMUNITY IN THE AREA OF BENEFIT, AND IN PARTICULAR 3.2 TO OWN, MANAGE AND MAINTAIN COMMUNITY FACILITIES FOR THE PUBLIC AT LARGE AND/OR THOSE WHO, BY REASONS OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED FOR SUCH FACILITIES; 3.3 TO ADVANCE HERITAGE THROUGH PRESERVING FOR PUBLIC BENEFIT THE HISTORICAL, ARCHITECTURAL AND CONSTRUCTIONAL HERITAGE THAT EXISTS IN AND AROUND THE MALTINGS; 3.4 THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC BY THE ESTABLISHMENT AND MAINTENANCE OF A MUSEUM AND HERITAGE CENTRE FOR THE EXHIBITION OF ARTEFACTS OF MARITIME INTEREST AND LOCAL AND NATURAL HISTORY AND MATERIALS RELATING THERETO AS DEFINED BY THE MUSEUM'S ACQUISITION AND DISPOSAL POLICY AND MAKING THE COLLECTION AVAILABLE FOR RESEARCH; 3.5 TO PROMOTE VISUAL AND PERFORMING ARTS FOR PUBLIC BENEFIT, THE PROMOTION AND ADVANCEMENT OF EDUCATION AND THE CULTIVATION AND IMPROVEMENT OF PUBLIC EDUCATION IN DRAMA, MIME, OPERA, SINGING, MUSIC, DANCE, PAINTING AND SCULPTURE, CINEMA, LITERATURE AND THE OTHER ARTS 3.6 TO DEVELOP AND ENCOURAGE, FOSTER AND PROMOTE THE PHYSICAL, ECONOMIC AND SOCIAL DEVELOPMENT AND REGENERATION OF THE AREA BY BUILDING PARTNERSHIPS WITH ORGANISATIONS WITH SIMILAR AIMS.
Area of benefit
WELLS-NEXT-THE SEA
Contact information
- Address:
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Wells Maltings Trust
The Maltings
Staithe Street
Wells-next-the-Sea
Norfolk
NR23 1AN
- Phone:
- 07879998859
- Email:
- SIMON@WELLSMALTINGS.ORG.UK
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