THACKRAY MEDICAL MUSEUM COMPANY LIMITED
The Thackray Museum is one of the UK's leading medical museums. This is the place to explore, discover and marvel at the exciting story of modern medicine. Find the sights, sounds and smells of Victorian Leeds, and wonder at the medical treatments and practices that were applied in the past.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £553,122 for the year, resulting in a significant decrease in its general reserves. The trustees note that free reserves stood at a deficit of (£45,227), which is below the stated policy target of three months' operational costs (£325,000). Despite these deficits and an unpredictable economic climate, the trustees maintain that the group has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“There was one employee paid between £60,000 and £70,000 in the period (2024: one).” — page 49
“There was one employee paid between £60,000 and £70,000 in the period (2024: one).” — page 49
“The charity has one wholly owned trading subsidiary, The Medical Museum Trading Company Limited (Company No 02580425), which carries on the commercial activities that are ancillary to the operation of the Museum.” — page 47
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr Cornelius Kaiper-Holmeschair
- Dr Amritpal Kaur Riat
- Dr Hamish Angus McClure
- Dr Michael John Lewis
- Elizabeth Emma Moss
- Joanne Norry
- Lucy Michelle McCabe
- Luke Farley
- Martin David Dickson
- Rojin Sahindal
- Sam Dixon
- Tracy Maureen Fowler
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.8m | £2.4m |
| 31/03/2024 | £1.7m | £2.1m |
| 31/03/2023 | £1.6m | £2.0m |
| 31/03/2022 | £1.8m | £2.1m |
| 31/12/2020 | £2.1m | £1.2m |
Common questions
Is THACKRAY MEDICAL MUSEUM COMPANY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £553,122 for the year, resulting in a significant decrease in its general reserves. The trustees note that free reserves stood at a deficit of (£45,227), which is below the stated policy target of three months' operational costs (£325,000). Despite these deficits and an unpredictable economic climate, the trustees maintain that the group has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by BHP LLP.
What does the highest-paid employee of THACKRAY MEDICAL MUSEUM COMPANY LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds THACKRAY MEDICAL MUSEUM COMPANY LIMITED?
Funders whose own accounts filings name THACKRAY MEDICAL MUSEUM COMPANY LIMITED as a grant recipient include THE THACKRAY MEDICAL RESEARCH TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE THACKRAY MEDICAL RESEARCH TRUST | FY2022 | £424k | Support grant |
| THE THACKRAY MEDICAL RESEARCH TRUST | FY2022 | £79k | Capital works grants |
| THE THACKRAY MEDICAL RESEARCH TRUST | FY2022 | £5k | Scoping study for medical practitioners listing project |
| THE THACKRAY MEDICAL RESEARCH TRUST | FY2022 | £4k | Contributions to new collections management system |
| THE THACKRAY MEDICAL RESEARCH TRUST | FY2022 | £2k | Covid relief grants |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/11/2023 | £204k | "Insights, identity and imagination – taking steps to engage a wider audience and improve organisational resilience." |
| UK government | 13/12/2021 | £226k | National Portfolio Organisations |
| The National Lottery Heritage Fund | 24/08/2020 | £151k | "COVID19: Thackray Museum" |
| The National Lottery Heritage Fund | 17/03/2015 | £945k | "A Healthy Future for Thackray Medical Museum (KickstartGIA2020)" |
| The National Lottery Heritage Fund | 24/03/2011 | £50k | "Thackray Remembered" |
| The National Lottery Heritage Fund | 23/10/1995 | £3.0m | "Thackray Medical Museum, Leeds" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 2 | £171k |
| THE FINNIS SCOTT FOUNDATION | 2 | £11k |
| THE JULIA RAUSING TRUST | 1 | £900k |
| LONDON TRANSPORT MUSEUM FRIENDS | 1 | £822k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £601k |
| The Ethos Foundation | 1 | £526k |
| THE FOYLE FOUNDATION | 1 | £500k |
| THE HEADLEY TRUST | 1 | £450k |
Charities like this
- THE THACKRAY MEDICAL RESEARCH TRUST
- THE ROYAL SOCIETY OF MEDICINE
- SHEFFIELD MUSEUMS TRUST
- CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED
- THROMBOSIS UK
- THE FOUNDLING MUSEUM
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THACKRAY MEDICAL MUSEUM COMPANY LIMITED | £1.8m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| THE THACKRAY MEDICAL RESEARCH TRUST | £241k | — | 0 | unclear | — | no doubt |
| THE ROYAL SOCIETY OF MEDICINE | £13.7m | — | — | above | 48.0% | no doubt |
| SHEFFIELD MUSEUMS TRUST | £5.5m | — | — | unclear | — | no doubt |
| CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED | £861k | — | 0 | below | — | no doubt |
| THROMBOSIS UK | £293k | — | 0 | unclear | — | no doubt |