Finance Score: -6

Governance Score: 6

Support Score: 7

Excess reserves: -2
Positive trading contribution: +2;Volatile income
spending growth: -1
Fundraising costs high: -5

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

Grant maker support: +7

Overall GiG Score: 7

FULHAM PALACE TRUST

The charity runs an education service, museum, historic house, garden, cafe and is a wedding and functions venue. It is open free of charge throughout the year.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
More than half of total income was derived from trading and fees in the latest year
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £4,399,208 available, equivalent to 29 months of spending and so may not be able to utilise additional funding
Income has been volatile recently but spending has been maintained
Fundraising costs are extremely high relative to funds raised

Established: 13 years

www.fulhampalace.org

ADMIN@FULHAMPALACE.ORG

07557433329

Charity Commission for England and Wales

Tweets

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
31/03/23		£1,736	£1,811	£-75	£171	£4,413	£4,399	29.2	31	294
31/03/22		£2,021	£1,781	£240	£44	£4,519	£4,112	27.7	30	250
31/03/21		£1,933	£1,643	£289	£57	£4,218	£3,831	28	29	250
31/03/20		£2,257	£1,647	£610	£66	£3,971	£3,551	25.9	27	250
31/03/19		£2,324	£1,661	£663	£63	£3,038	£2,815	20.3	27	250
31/03/18		£2,114	£1,332	£782	£72	£2,290	£1,216	11	23	0
31/03/17		£1,873	£1,325	£548	£80	£511	£-76	-0.7	22	0
31/03/16		£1,542	£1,312	£230	£168	£172	£-96	-0.9	19	0
31/03/15		£1,317	£1,094	£222	£109	£316	£236	2.6	16	0
31/03/14	*	£1,547	£1,169	£378	£147	£-284	£51	0.5	17	0
31/03/13		£1,168	£1,092	£76	£147	£104	£51	0.6	13	0
31/03/12		£923	£929	£-6	£23	£28	£18	0.2	10	0

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Financial Ratios

Fundraising Costs/Relevant Income: 45.4%
Fundraising Costs/Total Spending: 9.5%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 16%
Liabilities/Income: 49%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 29.2 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1

Asset Split ?

Listed activities

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

How it operates

Other charitable activities
Provides buildings/facilities/open space
Provides services

Where it operates

Hammersmith And Fulham,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

31 employees
294 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.

Major supporters in last 5 years

National Lottery Heritage Fund	£193,900
DCMS	£174,048
John Lyon's Charity	£105,000
Architectural Heritage Fund	£34,766
The Pilgrim Trust	£20,000

Specific Donations

Amount	When Months	To be used for
Architectural Heritage Fund - Grant to Fulham Palace Trust
£34,766	08/12/2020	Fulham Palace
The Pilgrim Trust - Grant to Fulham Palace Trust
£20,000	03/12/2020 12	Restoration and Preservation of Benjamin West paintings
National Lottery Heritage Fund - Grant to Fulham Palace Trust
£193,900	11/08/2020	COVID19: Fulham Palace Trust
DCMS - Fulham Palace re-opening package
£174,048	01/04/2020	To support Arts and Culture throughout England
John Lyon's Charity - Main grant to Fulham Palace Trust
£105,000	14/06/2019 36	Fulham Palace Learning and Engagement Programme
Garfield Weston Foundation - Main Grants award
£25,000	09/05/2018	Discovering the Bishop of London's Palace at Fulham
Dulverton Trust - Bricklayer Apprenticeship at Fulham Palace
£15,000	24/10/2017	Bricklayer Apprenticeship at Fulham Palace
Wolfson Foundation - Grant to Fulham Palace Trust
£115,000	08/12/2016	Repair and conservation of Tudor Quadrangle
National Lottery Heritage Fund - Grant to Fulham Palace Trust
£2,000,000	12/03/2015	Discovering the Bishop of London's Palace at Fulham

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 10/11 persons

Age Range of Trustees: 37-78

CLIVE PETER HINDS Appointed: 2023, Occupation: Retired

CRAIG BRADLEY COBEN Appointed: 2023, Occupation: Retired

DANIEL BENJAMIN JACKSON Appointed: 2023, Occupation: Head Of Historic Buildings

DEBORAH FARLEY-PERSAUD Appointed: 2020, Occupation: Civil Servant

FENELLA GOODHART Appointed: 2023, Occupation: Head Of Learning

FIONA MCWILLIAMS Appointed: 2020, Occupation: Executive Director Of Fundraising, Other trusteeships: THE LINNEAN SOCIETY OF LONDON, THE NEVILLE ABRAHAM FOUNDATION,

IAIN GRAEME CASSIDY Appointed: 2022, Occupation: Senior Researcher

JOHN SAWREY KING Appointed: 2016, Occupation: Retired

MARIANA SPATER Appointed: 2017, Occupation: Retired

MATTHEW GEORGE POTTAGE Appointed: 2023, Occupation: Curator (Horticulture)

PAUL MARTIN GRAY (Chair) Appointed: 2022, Occupation: Chief Operating Officer

Legal constitution

Charitable company registered in England & Wales on 27/01/2011, number: 1140088
Registered at Companies House on 08/12/2010, number: 07464167

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints 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
Volunteer management

Filing Record

12 returns made; AR14: 0 days late,

Recent reorganisation events:

Asset transfer in from THE FRIENDS OF FULHAM PALACE on 01/02/2022

Main office

FULHAM PALACE TRUST
FULHAM PALACE
BISHOP'S AVENUE
FULHAM
LONDON
SW6 6EA

Objectives

(1) TO PROVIDE FOR THE ADVANCEMENT OF PUBLIC EDUCATION BY THE PROVISION OF THE FULHAM PALACE MUSEUM (THE MUSEUM) COMPRISING SUCH EXHIBITS OR ITEMS AS THE CHARITY MAY FROM TIME TO TIME HOLD OR RECEIVE AND TO PRESERVE THE SAME AS A COLLECTION (THE COLLECTION); AND(2) TO PRESERVE FOR THE BENEFIT OF THE INHABITANTS OF THE LONDON BOROUGH OF HAMMERSMITH AND FULHAM AND OF THE NATION AT LARGE WHATEVER OF THE ENGLISH HISTORICAL ARCHITECTURAL, ARCHAEOLOGICAL AND CONSTRUCTIONAL HERITAGE MAY EXIST IN AND ROUND FULHAM PALACE IN THE FORM OF BUILDINGS AND GARDENS OF PARTICULAR BEAUTY OR HISTORICAL, ARCHITECTURAL OR CONSTRUCTIONAL INTEREST;(3) TO PROTECT THE ENVIRONMENT, CONSERVE OR PROMOTE BIOLOGICAL DIVERSITY IN FULHAM PALACE GROUNDS THROUGH (I) THE PROVISION, CONSERVATION, RESTORATION OR ENHANCEMENT OF A NATURAL HABITAT; OR (II) THE MAINTENANCE OR RECOVERY OF A SPECIES IN ITS NATURAL HABITAT, ON LAND OR IN WATER SITUATED IN THE VICINITY OF A LANDFILL SITE.

Defined Area of Benefit:

HAMMERSMITH AND FULHAM

Data Sources