SOMERSET COMMUNITY FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity had a strong financial year with unrestricted free reserves rising to £291,877, which the trustees consider a sustainable position given the medium-term nature of funding. The charity reported total income of £5,781,122 and total expenditure of £5,772,993, resulting in a net incoming resource position supported by significant restricted fund balances carried forward.
What the accounts disclose
“The Foundation's Reserves Policy (reviewed in September 2021) is to hold sufficient unrestricted reserves to meet short-term cash flow needs, manage medium-term fluctuations in income and, if necessary, enable the Foundation to manage a long-term decline in income.” — page 11
Leadership, per the charity’s website
- Justin Sargent OBE DL — Chief Executive
- Andy Ridgewell — Programmes and Partnerships Director
- Kelly Hall — Operations and Resources Director
- Kristen Pye — Philanthropy and Marketing Director
Funders the charity credits
- Somerset Council
- Bhere Ltd
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (15/06/2026)
- Received assets from another charity (04/09/2025)
- Received assets from another charity (05/08/2024)
- Received assets from another charity (21/12/2022)
- Received assets from another charity (22/03/2021)
- Received assets from another charity (24/01/2020)
Trustees
- Amanda Ellingworth
- David Michael John Taylor
- Giles Wood
- Helen Gulvin
- James Shakespeare
- Louisa Raybould
- Lucilla Nelson
- Michelle Clare Ferris
- Stephen Francis Duckett Clark
- The Honourable Michael Samuel MBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.6m | £5.1m |
| 31/03/2024 | £3.9m | £4.9m |
| 31/03/2023 | £5.8m | £5.8m |
| 31/03/2022 | £4.8m | £2.7m |
| 31/03/2021 | £4.1m | £4.3m |
Common questions
Is SOMERSET COMMUNITY FOUNDATION financially healthy?
The accounts state that the charity had a strong financial year with unrestricted free reserves rising to £291,877, which the trustees consider a sustainable position given the medium-term nature of funding. The charity reported total income of £5,781,122 and total expenditure of £5,772,993, resulting in a net incoming resource position supported by significant restricted fund balances carried forward. Its FY2023 accounts were audited by A C Mole.
Who funds SOMERSET COMMUNITY FOUNDATION?
Funders whose own accounts filings name SOMERSET COMMUNITY FOUNDATION as a grant recipient include THE MASTER CHARITABLE TRUST, CLARK FOUNDATION, THE NANI HUYU CHARITABLE TRUST, THE LINMARDON TRUST, THE DICKINSON FAMILY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE MASTER CHARITABLE TRUST | FY2025 | £505k |
| CLARK FOUNDATION | FY2024 | £30k |
| THE NANI HUYU CHARITABLE TRUST | FY2022 | £7k |
| THE NANI HUYU CHARITABLE TRUST | FY2023 | £7k |
| THE LINMARDON TRUST | FY2024 | £3k |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2024 | £2k |
| CLARK FOUNDATION | FY2024 | £2k |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2023 | £1k |
| THE DICKINSON FAMILY CHARITABLE TRUST | FY2025 | £1k |
| THE FAIRFIELD CHARITABLE TRUST | FY2022 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN LAING CHARITABLE TRUST | 2 | £65k |
| THE LAWSON TRUST CIO | 1 | £500k |
| CULLUM FAMILY TRUST | 1 | £495k |
| THE LYNN FOUNDATION | 1 | £300k |
| OPTIGENE FOUNDATION | 1 | £238k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE WESTMINSTER FOUNDATION | 1 | £200k |
| THE FRANK JACKSON FOUNDATION | 1 | £85k |