SOMERSET HOUSE TRUST
Somerset House Trust was established in 1997 to enhance the education of the public by the provision of a centre for the arts and to maintain the buildings for the benefit of the local and international community as an example of English national heritage. At its heart lies a creative community of innovative businesses and social enterprises which contribute to the vibrancy and energy of the site.
Objects
The objects of the Charity are for the public benefit:a. To advance education particularly (but not exclusively) with reference to the arts and culture and by the provision of a centre for the arts and culture in Somerset House in London;b. To advance the arts and culture particularly (but not exclusively) through the promotion, production and encouragement of all art forms, facilitating and increasing access to and participation in all art forms, both generally and for underrepresented groups; and c. To preserve, restore, maintain, improve and facilitate public access to the historic building known as Somerset House in London WC2 as an example of English national heritage.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the financial year with a surplus before depreciation of £0.6m, supported by strong interest returns on cash balances which offset income pressures. Free unrestricted reserves stood at £2.0m, which the trustees confirmed was within their stated target range of £1m to £2m. The charity maintains a strong cash position of £14.3m, enabling it to endure planned deficits in the coming year while continuing its charitable activities.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds 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
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 60
- Employees paid over £60,000: 19 (£60,001–£70,000: 9; £70,001–£80,000: 1; £80,001–£90,000: 6; £90,001–£100,000: 1; £110,001–£120,000: 1; £150,001–£200,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 69
- Employees paid over £60,000: 15 (£60,001–£70,000: 5; £70,001–£80,000: 5; £80,001–£90,000: 2; £110,001–£120,000: 1; £140,001–£150,000: 1; £150,001–£200,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 72
- Employees paid over £60,000: 10 (£60,001–£70,000: 4; £70,001–£80,000: 3; £100,001–£110,000: 1; £140,001–£150,000: 1; £150,001–£200,000: 1)
- Has a trading subsidiary
In the news
Corporate structure
- Registered company of the charity Companies House 03388137
- Trading subsidiary: SOMERSET HOUSE ENTERPRISES LIMITED Companies House 03920330
- Turnover: £8.4m
- Profit before tax: £3.4m
Company officers (Companies House)
- PROTHEROE, Helen on trustee list
- LEIBOWITZ, Alan Jay on trustee list
- MATOVU, Harold Nsamba not on trustee list
- LINGER, Elliott John on trustee list
- WILLIAMS, Peter Wodehouse on trustee list
- TAMSEDGE, Jessica Emily on trustee list
- DUVALIER, Jennifer Susan on trustee list
- KONOTEY-AHULU, Dawid Konotey-Adadey on trustee list
- REBUCK, Gail Ruth, Baroness on trustee list
- TURNER LAING, Sophie Henrietta not on trustee list
- NEWHOUSE, Jonathan Edward on trustee list
- BURGE, Alix on trustee list
- D'ANGLEJAN-CHATILLON, Martine Lesley on trustee list
- FREEMAN, Dan
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Baroness Gail Ruth Rebuckchair
- Alan Leibowitz
- Alix Burge
- Dawid Konotey-Adadey KONOTEY-AHULU
- Elliott John Linger
- Harry Matovu
- Helen Protheroe
- Jennifer Duvalier
- Jessica Emily Tamsedge
- Jonathan Edward Newhouse
- Martine Lesley D'Anglejan-Chatillon
- Peter Wodehouse Williams
- Sophie Turner Laing
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £25.3m | £27.0m |
| 31/03/2024 | £25.5m | £24.9m |
| 31/03/2023 | £21.2m | £22.6m |
| 31/03/2022 | £17.0m | £17.7m |
| 31/03/2021 | £11.9m | £12.6m |
Common questions
Is SOMERSET HOUSE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the financial year with a surplus before depreciation of £0.6m, supported by strong interest returns on cash balances which offset income pressures. Free unrestricted reserves stood at £2.0m, which the trustees confirmed was within their stated target range of £1m to £2m. The charity maintains a strong cash position of £14.3m, enabling it to endure planned deficits in the coming year while continuing its charitable activities. Its FY2025 accounts were audited by BDO LLP.
Who funds SOMERSET HOUSE TRUST?
Funders whose own accounts filings name SOMERSET HOUSE TRUST as a grant recipient include THE JULIA RAUSING TRUST, THE ROTHSCHILD FOUNDATION, THE ERANDA ROTHSCHILD FOUNDATION, AKO FOUNDATION, THE FIDELITY UK FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JULIA RAUSING TRUST | FY2025 | £1.5m | Somerset House Entry Routes Programme |
| THE ROTHSCHILD FOUNDATION | FY2025 | £250k | |
| THE ERANDA ROTHSCHILD FOUNDATION | FY2022 | £191k | The arts |
| AKO FOUNDATION | FY2025 | £150k | towards a proposed exhibition of Sámi art scheduled for late 2026. |
| THE FIDELITY UK FOUNDATION | FY2022 | £146k | Towards new post of Business Systems Manager to increase organisational capacity to implement operational improvements. |
| KUSUMA TRUST UK | FY2024 | £115k | Makerversity exhibition and learning programme |
| KUSUMA TRUST UK | FY2023 | £115k | Makerversity exhibition and learning programme |
| THE ROTHSCHILD FOUNDATION | FY2023 | £100k | |
| THE ROTHSCHILD FOUNDATION | FY2022 | £100k | |
| THE FOYLE FOUNDATION | FY2021 | £75k | |
| THE ROTHSCHILD FOUNDATION | FY2021 | £57k | Grant paid during the year |
| MANOLO BLAHNIK FOUNDATION | FY2025 | £50k | Enhance the education of the public by the provision of a centre for the arts. |
| THE HEADLEY TRUST | FY2022 | £40k | Towards the restoration and repair costs of the Stamp Stairs. |
| THE J P MARLAND CHARITABLE TRUST | FY2021 | £25k | |
| THE JAGCLIF CHARITABLE TRUST | FY2023 | £20k | donation |
| KUSUMA TRUST UK | FY2021 | £15k | Charting Our Course: Creating digital learning resources for SEND learners |
| THE FINNIS SCOTT FOUNDATION | FY2024 | £8k | |
| MARIA BJORNSON MEMORIAL FUND | FY2022 | Unverified read£5k | |
| THE JOHN S COHEN FOUNDATION | FY2025 | £5k | Arts |
| THE BUFFINI CHAO FOUNDATION | FY2025 | £3k | |
| THE JOHN THAW FOUNDATION | FY2023 | £1k | |
| THE ROTHSCHILD FOUNDATION | FY2024 | £1k | |
| THE ERANDA ROTHSCHILD FOUNDATION | FY2023 | amount not stated | The Arts |
| THE JAGCLIF CHARITABLE TRUST | FY2022 | amount not stated | Donations and grants payable in furtherance of objects |
| THE J P MARLAND CHARITABLE TRUST | FY2022 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 03/07/2024 | £245k | "Restoring and revealing Somerset House’s Salt Stair and the history of the Salt Tax" |
| Greater London Authority | 29/03/2018 | £501k | Grant to Somerset House Trust |
| City Bridge Foundation | 24/11/2016 | £91k | Grant to Somerset House Trust |
| The National Lottery Heritage Fund | 23/11/1999 | £739k | "Opening Somerset House - South Building and River Terrace" |
| The National Lottery Heritage Fund | 21/11/1997 | £10.3m | "Somerset House Restoration" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £505k |
| CLARK FOUNDATION | 1 | £132k |
| THE M J SAMUEL CHARITABLE TRUST | 1 | £51k |
| THE MEDLOCK CHARITABLE TRUST | 1 | £36k |
| THE NANI HUYU CHARITABLE TRUST | 1 | £35k |
| THE DULVERTON TRUST | 1 | £24k |
| DR RADCLIFFE'S TRUST | 1 | £14k |
| THE NINESQUARE TRUST | 1 | £10k |
Charities like this
- SOMERSET COMMUNITY FOUNDATION
- STUART HOUSE TRUST
- SOMERSET BUILDING PRESERVATION TRUST COMPANY LIMITED
- THE SOMERSET AND DORSET RAILWAY TRUST LTD.
- SHERBORNE HOUSE TRUST 2018
- SUSSEX HOUSE SCHOOL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOMERSET HOUSE TRUST | £25.3m | — | — | unclear | — | no doubt |
| SOMERSET COMMUNITY FOUNDATION | £5.6m | — | — | above | — | no doubt |
| STUART HOUSE TRUST | £36k | — | 0 | unclear | — | no doubt |
| SOMERSET BUILDING PRESERVATION TRUST COMPANY LIMITED | £115k | — | 0 | unclear | — | no doubt |
| THE SOMERSET AND DORSET RAILWAY TRUST LTD. | £319k | — | 0 | above | — | no doubt |
| SHERBORNE HOUSE TRUST 2018 | £5.6m | £70,000 - £79,999 | 1 | unclear | — | no doubt |