TAUNTON HERITAGE TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted free reserves were £391,640, which is below the trustees' stated policy target of six months' operating costs (approximately £300,000), although the trustees note that additional sums held as reserves could be converted to cash as necessary. The charity reported a net income of £260,825 for the year, supported by investment income and charitable activities, with total net assets increasing to £7,347,183. The trustees confirmed that resources are adequate to meet obligations and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The free reserves are below this level but additional sums held as reserves could be converted to cash as necessary.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (20/03/2019)
Trustees
- ELIZABETH ANNE FOTHERGILLchair
- Andrew Hunter Robertson Pritchard
- Andrew Sully
- BRYONY HOULDEN
- Hugh Gregory
- JOHN RICHARD RUFF
- MICHAEL HELLINGS
- NORMAN PHILIP CAVILL
- Peter Moat
- WILLIAM ADAM CLARK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £918k | £730k |
| 31/03/2024 | £622k | £717k |
| 30/06/2023 | £968k | £596k |
| 30/06/2022 | £691k | £612k |
| 30/06/2021 | £715k | £521k |
Common questions
Is TAUNTON HERITAGE TRUST financially healthy?
The accounts state that unrestricted free reserves were £391,640, which is below the trustees' stated policy target of six months' operating costs (approximately £300,000), although the trustees note that additional sums held as reserves could be converted to cash as necessary. The charity reported a net income of £260,825 for the year, supported by investment income and charitable activities, with total net assets increasing to £7,347,183. The trustees confirmed that resources are adequate to meet obligations and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Albert Goodman LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ESTATE CHARITY OF WILLIAM HATCLIFFE | 1 | £1.1m |