Grimsthorpe and Drummond Castle Trust Limited

Analysis

Grimsthorpe and Drummond Castle Trust Limited is a registered charity in England and Wales, based in Lincolnshire. It was registered in March 1978, 48 years ago. Its declared purposes cover general charitable purposes, education/training, arts/culture/heritage/science and environment/conservation/heritage, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 01356661). It says it provides buildings/facilities/open space and provides advocacy/advice/information.

In the financial year ending March 2025, Grimsthorpe and Drummond Castle Trust Limited reported income of £4.3m and spending of £4.1m, spending 96% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £2.6m to £4.3m (+68%), an average of +14% a year. The sharpest change came in the year to March 2023, when income rose by 171%. Over the whole period it spent 84% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, Grimsthorpe and Drummond Castle Trust Limited sits at the 98th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include The Photographers' Gallery Ltd (£4.3m), The Garden Museum (£4.3m) and Octagon Theatre Trust Limited (£4.2m).

In its latest detailed accounts, income came from charitable activities 81%, trading 11% and investments 7.3%. Charitable activities took 99% of spending and raising funds 0.0%. Reserves of £9.1m would cover about 26 months of spending at that rate. It employed 52 people.