THE PALACE TRUST

Registered charity 1160830 · accounts filings on the Charity Commission register

Latest income
£2.2m
Latest spending
£2.1m
Registered
2015

We have not yet analysed this charity’s accounts. Register data shown below.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£2.2m
Total spending
£2.1m
Cost of raising funds
£975k
Reserves (reported)
£450k
Employees
61

Reported reserves equal ~2.6 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Somerset

Income and spending

Financial year endIncomeSpending
31/12/2025£2.2m£2.1m
31/12/2024£2.0m£1.8m
31/12/2023£1.6m£1.7m
31/12/2022£1.5m£1.6m
31/12/2021£1.9m£1.4m

Common questions

Who funds THE PALACE TRUST?

Funders whose own accounts filings name THE PALACE TRUST as a grant recipient include THE MEDLOCK CHARITABLE TRUST, CLARK FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE MEDLOCK CHARITABLE TRUSTFY2024£10k
CLARK FOUNDATIONFY2024£10k
THE MEDLOCK CHARITABLE TRUSTFY2023£10k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund10/08/2020£250k"COVID19: The Palace Trust"
The National Lottery Heritage Fund07/07/2016£10k"The Dragon's Lair: improving children's engagement with The Bishop's Palace"
The National Lottery Heritage Fund04/12/2013£41k"Created in Somerset: Celebrating church, craft and cultural heritage at The BishopÂ’s Palace"
The National Lottery Heritage Fund21/10/2013£10k"Building a financially sustainable future for The Bishop's Palace through membership, major giving and legacies"
The National Lottery Heritage Fund11/03/2008£992k"Assuring the Future"
The National Lottery Heritage Fund06/10/2005£48k"Bishop's Palace - Assuring the Future"