THE DEVON AND EXETER INSTITUTION
The advancement of public education particularly in the History, Literature and Arts of the County of Devon, City of Exeter and of the South West of England generally and particularly by the provision and maintenance of a Library, Readiong Rooms and educational facilities and the advancement of heritage by the preservation of number 7 Cathedral Close Exeter for the public benefit.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a surplus of £113,399 for the year ended 30 June 2025, with total income of £327,561 against total expenditure of £214,162. Per the trustees' report, the charity holds £207,106 in free reserves, which is within its stated policy target of holding 2-3 times the annual operating gap. The trustees and auditors confirm the charity is a going concern with adequate resources for the foreseeable future.
What the accounts disclose
“To ensure operational effectiveness over the short to medium term, the reserves will be held at 2-3 times the annual operating gap (approximately £100,000 - £150,000).” — page 12
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/06/2023)
Register events
- Received assets from another charity (06/11/2025)
- Received assets from another charity (05/11/2025)
Trustees
- Ben Travers
- Dr Colin Higgins
- Dr Judith Morgane
- Hannah Emily Jones
- Jennifer Louise McCracken
- Prof Henry Richards French
- Ruth O'Neale
- Thomas Andrew Mark Staniford
- Timothy Mayon-White
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £328k | £214k |
| 30/06/2024 | £106k | £189k |
| 30/06/2023 | £971k | £177k |
| 30/06/2022 | £1.1m | £191k |
| 30/06/2021 | £164k | £163k |
Common questions
Is THE DEVON AND EXETER INSTITUTION financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a surplus of £113,399 for the year ended 30 June 2025, with total income of £327,561 against total expenditure of £214,162. Per the trustees' report, the charity holds £207,106 in free reserves, which is within its stated policy target of holding 2-3 times the annual operating gap. The trustees and auditors confirm the charity is a going concern with adequate resources for the foreseeable future. Its FY2025 accounts were audited by Griffin Chartered Accountants.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 05/02/2025 | £213k | "Turning the Page" |
| The National Lottery Heritage Fund | 26/05/2020 | £35k | "COVID19 Devon & Exeter Institution" |
| The National Lottery Heritage Fund | 04/03/2020 | £1.9m | "The Next Chapter; opening up to a wider range of people and building on change" |
| The National Lottery Heritage Fund | 25/11/2014 | £297k | "Restoration of library roof, care of collections, interpretation and learning" |
| The National Lottery Heritage Fund | 13/08/1996 | £8k | "Devon and Exeter Institution - Library and Computer Link" |