What is the financial size of SOMERSET HOUSE TRUST?

SOMERSET HOUSE TRUST is classified as a major charity. In the latest financial year, they reported a total income of £25,510,000 and total expenditure of £24,933,000.

How does SOMERSET HOUSE TRUST allocate its spending?

For every pound spent, approximately 89.2% goes directly to charitable activities. The remaining 10.8% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.2%).

What is the workforce structure of SOMERSET HOUSE TRUST?

SOMERSET HOUSE TRUST employs 114 staff members and is supported by 69 volunteers.

Does SOMERSET HOUSE TRUST receive government funding?

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Does SOMERSET HOUSE TRUST pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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SOMERSET HOUSE TRUST

#1063640

Charitable company•Major•Registered

www.somersethouse.org.uk

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.

Registered address

Somerset House Trust, Somerset House, Strand, LONDON, WC2R 1LA

Latest HighlightsFY 2024

Income

All sources

£25,510,000

Expenditure

All activities

£24,933,000

Net Reserves

Unrestricted funds

£1,979,000

Total Assets

Gross assets

£91,743,000

Working Capital

Liquidity

£2,956,000

Benchmark Performance

Comparing against 1,903 similar major charities

Compare vs:

Reserve Runway

1.0 months

Median: 3.6 monthsBelow typical

Income Growth (1yr)

20.4%

Median: 8.2%Top quartile

Spending Efficiency

89.2%

Median: 97.2%Around typical

Income Concentration

58.5%

Median: 87.1%Top quartile

Fundraising ROI

158.4x

Median: 27.3xTop quartile

Income Volatility

36.1%

Median: 13.4%Below typical

Self-Generated Income

97.3%

Median: 92.1%Around typical

3-Year Income CAGR

28.8%

Median: 8.7%Top quartile

Efficiency & Health

Charitable Spending

89.2%

Fundraising Eff.

% income retained

158.4%

Governance Cost

% of expenditure

0.6%

Grant Making

% given away

Debt Ratio

% of assets

12.7%

Survival Ratio

Months of reserves

1.0 months

Income Profile

Donations & Legacies

% of income

2.7%

Government Reliance

% of income

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 5849

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

20.4%↑

Income CAGR (3yr)

Compound growth

28.8%

Volatility

High Volatility

36.1%

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

114

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0.6:1

Revenue/Employee

Per head

£223,772

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

13.2%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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