the palace trust

The charity supports the general public. The Palace Trust is a registered charity whose purpose is education and training. It delivers its work by providing buildings, facilities, or open space. The charity is based in Somerset and operates in Somerset.

This page summarises publicly available information about the charity, including its activities, beneficiaries, and registration details, based on official records.

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Activities & Mission

The Palace Trust aims to preserve and make accessible The Bishop's Palace and its fourteen acres of gardens to the public, as a place of historic, architectural and landscape interest.

Fundraising

See where The Palace Trust is active and find local fundraising opportunities.

Local Authority

Somerset

Financial Information

Latest Income

£1,955,522

Latest Expenditure

£1,839,240

Financial Efficiency

Program Ratio 52.3%

% of income going directly to charitable activities

Overall Efficiency 55.6%

% of expenditure going to programs (vs overhead)

Administrative Ratio 44.9%

Overhead (fundraising + governance) as % of total expenditure

Latest Financial Breakdown

Income Sources

Donations & Legacies £180,221

Charitable Activities £736,726

Other Trading £997,052

Investments £41,523

Other Income £0

Expenditure Categories

Charitable Expenditure £1,022,317

Raising Funds £816,923

Governance £8,319

Grants to Institutions £0

Other Expenditure £0

Financial Trend

Annual Returns

Financial Year	Income	Expenditure	Charitable Spending	Net Assets	Reserves	Staff
2024	£1,955,522	£1,839,240	£1,022,317	£1,348,811	£450,000	51 / 177
2023	£1,609,335	£1,693,194	£965,115	£1,229,739	£450,000	43 / 167
2022	£1,458,301	£1,570,223	£949,506	£1,295,045	£450,000	51 / 165
2021	£1,876,655	£1,449,802	£877,441	£1,413,545	£507,000	42 / 150
2020	£1,618,823	£1,210,324	£724,385	£979,733	£979,733	39 / 120