Civic Intelligence

National Trust for Places of Historic Interest or Natural Beauty

990 • Fiscal year 2024 • EIN 23-7128119

Mar 01, 2023 to Feb 29, 2024 • Filed on Aug 16, 2024

Heelis The National TrustSwindon, Wiltshire SN22NAUk

(078) 088-9354

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.16x

Higher debt load relative to assets than 30% of similar nonprofits.

2024 filings • 501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.47x

Higher debt load relative to revenue than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

10th percentile

-6.6%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

4th percentile

$263,234

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

20th percentile

2.7%

Faster asset growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

8.1%

Faster revenue growth than 38% of similar nonprofits.

2024 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,431,671,000

Up $62,819,000 (+2.7%) from 2023

Net Assets

Up

$2,036,951,000

Up $77,283,000 (+3.9%) from 2023

Liabilities

Down

$394,720,000

Down $14,464,000 (-3.5%) from 2023

Revenue

Up

$839,414,000

Up $63,037,000 (+8.1%) from 2023

Expenses

Up

$894,902,000

Up $54,811,000 (+6.5%) from 2023

Net Income

Up

-$55,488,000

Up $8,226,000 (+13%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2021: $2,444,069,000Liabilities 2021: $444,800,000Net Assets 2021: $1,999,269,0002021Assets 2022: $2,598,966,000Liabilities 2022: $325,096,000Net Assets 2022: $2,273,870,0002022Assets 2023: $2,368,852,000Liabilities 2023: $409,184,000Net Assets 2023: $1,959,668,0002023Assets 2024: $2,431,671,000Liabilities 2024: $394,720,000Net Assets 2024: $2,036,951,0002024Assets 2025: $2,481,522,000Liabilities 2025: $390,057,000Net Assets 2025: $2,091,465,0002025

Highlighted filing

2024

Assets$2,431,671,000
Liabilities$394,720,000
Net Assets$2,036,951,000

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0B$500M$0-$500MRevenue 2021: $797,350,000Expenses 2021: $680,764,000Net Income 2021: $116,586,0002021Revenue 2022: $820,524,000Expenses 2022: $739,758,000Net Income 2022: $80,766,0002022Revenue 2023: $776,377,000Expenses 2023: $840,091,000Net Income 2023: -$63,714,0002023Revenue 2024: $839,414,000Expenses 2024: $894,902,000Net Income 2024: -$55,488,0002024Revenue 2025: $898,624,000Expenses 2025: $972,929,000Net Income 2025: -$74,305,0002025

Highlighted filing

2024

Revenue$839,414,000
Expenses$894,902,000
Net Income-$55,488,000
Jump To
Filing Snapshot
Filing Period
Mar 1, 2023 to Feb 29, 2024
Signed
Aug 16, 2024
Return Version
2023v5.1
Gross Receipts
$904,987,000
Mission and Program Overview

Mission

The National Trust was formed in 1895 to promote the permanent preservation for the benefit of the nation of lands and tenements including buildings of beauty and historic interest. It has since grown into Europes biggest conservation organisation.

The National Trust was formed in 1895 to promote the permanent preservation for the benefit of the nation of lands and tenements including buildings of beauty and historic interest. It has since grown into Europe's biggest conservation organisation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,899,050,000$1,893,153,000▼ $5,897,000
Land, Buildings, and Equipment, Net$221,854,000$240,063,000▲ $18,209,000
Pledges and Grants Receivable$106,060,000$98,509,000▼ $7,551,000
Prepaid Expenses and Deferred Charges$51,219,000$65,185,000▲ $13,966,000
Accounts Receivable$47,050,000$43,827,000▼ $3,223,000
Inventories for Sale or Use$11,980,000$11,713,000▼ $267,000
Savings and Temporary Cash Investments$3,385,000$3,822,000▲ $437,000
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,418,169,000$2,431,671,000▲ $13,502,000
Other Assets Total$77,571,000$75,399,000▼ $2,172,000
Liabilities
Unsecured Notes Loans Payable$173,839,000$160,573,000▼ $13,266,000
Accounts Payable and Accrued Expenses$144,417,000$105,856,000▼ $38,561,000
Deferred Revenue$87,697,000$91,201,000▲ $3,504,000
Other Liabilities$11,749,000$37,090,000▲ $25,341,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$417,702,000$394,720,000▼ $22,982,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,406,073,000$1,476,881,000▲ $70,808,000
Net Assets Without Donor Restrictions$594,394,000$560,070,000▼ $34,324,000
Total Net Assets Fund Balance$2,000,467,000$2,036,951,000▲ $36,484,000
Total Liabilities and Net Assets / Fund Balance$2,418,169,000$2,431,671,000▲ $13,502,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,045,000$763,000-
Other Land Buildings$3,364,000$100,495,000-
Equipment$224,654,000$282,123,000-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$808,603,000$9,334,000▲ $61,977,000$-31,538,000$848,736,000
2022$808,016,000$13,666,000▼ $808,000$-12,271,000$808,603,000
2021$777,114,000$8,344,000▲ $51,273,000$-28,714,000$808,017,000
2020$735,972,000$9,656,000▲ $66,325,000$-34,839,000$777,114,000
2019$737,295,000$26,518,000▲ $6,807,000$-34,648,000$735,972,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hilary Mc GradyDirector GeneralFT$263,234$263,234
Celia RichardsonDirector of CommunicationsFT$165,660$165,660
Harry BowellDirector of Land and NatureFT$165,602$165,602
Jan LasikThe SolicitorFT$161,884$161,884
Andy BeerDirector of OperationsFT$157,355$157,355
Dabinder HutchinsonChief Financial OfficerFT$154,784$154,784
John OrnaOrnsteinDirector of Culture and EngagementFT$154,760$154,760
Tina LewisDirector of PeopleFT$149,969$149,969
Sharon PickfordDirector of Support RevenueFT$131,011$131,011
Sharon PickfordDirector of Support & Revenue-$131,011$131,011
Peter VermeulenChief Financial OfficerFT$66,872$66,872
Revenue and Support

Revenue Composition

Contributions and Grants
$149,172,000
Program Service Revenue
$575,418,000
Investment Income
$17,337,000
Other Revenue
$97,487,000
All Other Contributions
$118,454,000
Change in Net Assets
$-55,488,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$839,414,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$76,210,000
Total Revenue per Audited Statements
$915,624,000
Total Revenue per Form 990
$839,414,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,842,000
Salaries, Compensation, and Employee Benefits$390,060,000
Total Fundraising Expense$13,661,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$295,078,000$30,352,000$3,514,000$328,944,000
All Other Expenses$54,258,000$13,147,000$402,000$67,807,000
Fees for Services Other$36,911,000$2,389,000$333,000$39,633,000
Occupancy$36,598,000$2,000$0$36,600,000
Pension Plan Contributions$30,862,000$3,174,000$367,000$34,403,000
Advertising$27,699,000$61,000$1,360,000$29,120,000
Information Technology$5,972,000$22,588,000$50,000$28,610,000
Other Expenses$28,505,000$83,000$17,000$28,605,000
Payroll Taxes$23,963,000$2,465,000$285,000$26,713,000
Depreciation Depletion$18,363,000$2,851,000$0$21,214,000
Insurance$15,690,000$0$0$15,611,000
Office Expenses$13,887,000$10,000$13,000$13,910,000
Travel$10,985,000$545,000$90,000$11,620,000
Fees for Service Investment Mgmnt Fees$0$0$7,001,000$7,001,000
Conferences and Meetings$0$892,000$0$892,000
Fees for Services Accounting$21,000$698,000$0$719,000
Total Functional Expenses$797,788,000$83,532,000$13,661,000$894,902,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$971,112,000
Expenses per Audited Statements$894,902,000
Total Expenses per Form 990$894,902,000
Expenses Not Reported on Form 990$76,210,000
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
21
Employees
9,165
Spending
$894,902,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe Including Iceland and GreenlandFundraising activitiesN a219,165$894,902,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Defined benefit pension scheme$37,090,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Line 6

A board of Trustees runs the Charity

Part VI, Line 7A

Board of Trustees

Part VI, Line 7B

Board of Trustees

Part VI, Line 11A

Governing Body are not finance specialists and delegate responsibility for the preparation of this form to the Chief Financial Officer and the Head of Taxation

Part VI, Line 11B

Form prepared by the Senior Financial Accountant then reviewed by the Head of Taxation and the Chief Financial Officer

Part VI, Line 12C

Review by board of Trustees

Part VI, Line 15

Our independent pay benchmark data confirms the Director-General's salary is comparable to the leaders of other major charities senior government civil servants and the chief executives of medium-sized private-sector organisations. Each year we access independent pay data from Korn Ferry's Public and Not-For-Profit benchmark pay data survey and XpertHR's benchmarking tool Cendex' Following the Hutton Report each year the Trust monitors the pay ratio' this is the relationship expressed as a multiple between the highest salary and the median salary level within the Trust to ensure salaries remain fair and appropriate. In 2023-24 the Director-General's salary was 1:9.4 times the median salary. Our pay ratio compares favourably to external benchmark data.

Filing and Contact Details

Filer

Filer Name
National Trust
EIN
23-7128119
In Care Of
% James Bennett
Phone
0780889354
Address
UK
Doing Business As
National Trust

Signing Officer

Name
James Bennett
Title
Group Financial Controller
Signed
2024-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bennett
Formed
1895
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
55,000

Preparer

Preparer
Ian Jones
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Acquisitions, $10808000, $0, $0| Advisory services, $63311000, $0, $0|

Part XI, Line 9

| Description:, Explanation:, Amount:| Related to pension fund, Actuarial Gains losses, $-44590000|

Financial Statement Notes

Part XI, line 2D

Removal of subsidiary companies to leave just charity

Part XII, line 2D

Removal of subsidiary companies to leave just charity

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IRS990/Form990PartVIISectionAGrp/PersonNm3Andy Beer
IRS990/Form990PartVIISectionAGrp/PersonNm4John OrnaOrnstein
IRS990/Form990PartVIISectionAGrp/PersonNm5Celia Richardson
IRS990/Form990PartVIISectionAGrp/PersonNm6Jan Lasik
IRS990/Form990PartVIISectionAGrp/PersonNm7Sharon Pickford
IRS990/Form990PartVIISectionAGrp/PersonNm8Tina Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm9Peter Vermeulen
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director General
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director of Land and Nature
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director of Culture and Engagement
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director of Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt6The Solicitor
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director of Support Revenue
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director of People
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