THE FOUNDLING MUSEUM
To operate a museum for the maintenance, conservation and exhibition of the Foundling Hospital collection.
Objects
(A) TO ESTABLISH AND MAINTAIN A MUSEUM FOR THE ADVANCEMENT OF EDUCATION OF THE GENERAL PUBLIC AND OF SCHOLARS BY THE DOCUMENTATION, MAINTENANCE, CONSERVATION, EXHIBITION, STUDY AND INTERPRETATION OF THE COLLECTION (AS DEFINED IN PARAGRAPH (B) OF THIS SUB-CLAUSE); (B) IN THIS MEMORANDUM OF ASSOCIATION, THE "COLLECTION" MEANS THE WORKS OF ART AND ASSOCIATED ITEMS FROM TIME TO TIME COMPRISED IN THE ORIGINAL COLLECTION SPECIFIED IN THE SCHEDULE HERETO AND SUCH OTHER WORKS OF ART AND ASSOCIATED ITEMS AS ARE COMPRISED THEREIN AND AS MAY BE ADDED THERETO. (2) TO SUPPORT SUCH OF THE PURPOSES OF THE CHARITY CALLED THE HOSPITAL FOR THE MAINTENANCE AND EDUCATION OF EXPOSED AND DESERTED YOUNG CHILDREN NOW KNOWN AS THE THOMAS CORAM FOUNDATION FOR CHILDREN ("THE FOUNDATION") AS THE CHARITY IN CONSULTATION WITH THE FOUNDATION SHALL FROM TIME TO TIME DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net operating deficit of £118,829 for the year, driven by a decline in fundraised income following a major capital campaign. However, the charity maintains a healthy financial position with free reserves of £1,161,072, which aligns with its stated policy of holding three to six months of expenditure. The trustees confirm the charity is a going concern with adequate resources to continue operations for the foreseeable future.
What the accounts disclose
“The Board’s policy is to maintain reserves within a range representing three to six months of expenditure, (£0.6 million - £1.2 million).”
“Coram paid The Foundling Museum Trading Company £8,497 (2024 - £2,769) for venue hire.” — page 79
“During the year, excluding VAT, the Museum paid Coram £NIL to acquire the long-term leasehold interest of the Museum (2024 - £4,500,000), £NIL in respect of insurance (2024 - £7,274), £6,254 (2024 - £5,945) for rent and service charge” — page 79
“Coram paid The Foundling Museum Trading Company £8,497 (2024 - £2,769) for venue hire.” — page 79
“During the year, excluding VAT, the Museum paid Coram £NIL to acquire the long-term leasehold interest of the Museum (2024 - £4,500,000), £NIL in respect of insurance (2024 - £7,274), £6,254 (2024 - £5,945) for rent and service charge” — page 79
“Coram paid The Foundling Museum Trading Company £8,497 (2024 - £2,769) for venue hire.” — page 79
“During the year, excluding VAT, the Museum paid Coram £NIL to acquire the long-term leasehold interest of the Museum (2024 - £4,500,000), £NIL in respect of insurance (2024 - £7,274), £6,254 (2024 - £5,945) for rent and service charge” — page 79
“Coram paid The Foundling Museum Trading Company £8,497 (2024 - £2,769) for venue hire.” — page 79
“During the year, excluding VAT, the Museum paid Coram £NIL to acquire the long-term leasehold interest of the Museum (2024 - £4,500,000), £NIL in respect of insurance (2024 - £7,274), £6,254 (2024 - £5,945) for rent and service charge” — page 79
“Coram paid The Foundling Museum Trading Company £8,497 (2024 - £2,769) for venue hire.” — page 79
“During the year, excluding VAT, the Museum paid Coram £NIL to acquire the long-term leasehold interest of the Museum (2024 - £4,500,000), £NIL in respect of insurance (2024 - £7,274), £6,254 (2024 - £5,945) for rent and service charge” — page 79
“The Museum has a wholly owned subsidiary, The Foundling Museum Trading Company Limited, which sells promotional goods and organises events to benefit the Museum.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 140
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 125
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 130
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £70,001–£80,000: 1)
- Has a trading subsidiary
Leadership, per the charity’s website
- Emma Ridgway — Director
- Rosie Baker — Director
- Stuart Boxall — Director
- Isobel Chester — Director
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Susan Linda Hoyle OBEchair
- Andrew James McIntyre
- Christopher Richard Dumas
- Claire Jeffers
- Edward Stuart Humphrey
- Francesca Filippini Pinto
- Grayson Perry CBE
- Lord Simon Russell
- Michael Desmond Crossan
- Ronald Gould
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.0m | £2.3m |
| 31/03/2024 | £6.5m | £2.4m |
| 31/03/2023 | £2.1m | £2.1m |
| 31/03/2022 | £1.7m | £1.9m |
| 31/03/2021 | £2.2m | £1.5m |
Common questions
Is THE FOUNDLING MUSEUM financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net operating deficit of £118,829 for the year, driven by a decline in fundraised income following a major capital campaign. However, the charity maintains a healthy financial position with free reserves of £1,161,072, which aligns with its stated policy of holding three to six months of expenditure. The trustees confirm the charity is a going concern with adequate resources to continue operations for the foreseeable future. Its FY2025 accounts were audited by MHA.
Who funds THE FOUNDLING MUSEUM?
Funders whose own accounts filings name THE FOUNDLING MUSEUM as a grant recipient include THE JULIA RAUSING TRUST, The Ethos Foundation, THE FOYLE FOUNDATION, THE MASTER CHARITABLE TRUST, THE FIDELITY UK FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JULIA RAUSING TRUST | FY2025 | £900k | Strategic core funding |
| The Ethos Foundation | FY2023 | £500k | Capital fundraising appeal |
| THE FOYLE FOUNDATION | FY2023 | £500k | |
| THE MASTER CHARITABLE TRUST | FY2023 | £325k | |
| THE FIDELITY UK FOUNDATION | FY2025 | £237k | Arts, Culture and Heritage |
| THE HEADLEY TRUST | FY2024 | £225k | Towards renewing the building lease. |
| THE HEADLEY TRUST | FY2024 | £225k | Towards renewing the building lease. |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2024 | £50k | Advancement of education |
| KUSUMA TRUST UK | FY2023 | £42k | Co-curated exhibition: 'Finding Family' |
| THE BLYTH WATSON CHARITABLE TRUST | FY2024 | £20k | |
| The Ethos Foundation | FY2022 | £11k | Miscellaneous smaller grant. |
| THE FINNIS SCOTT FOUNDATION | FY2023 | £10k | |
| The Ethos Foundation | FY2024 | £10k | Smaller grant |
| THE CADOGAN CHARITY | FY2023 | £10k | educational charities |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | FY2022 | £10k | Support for curatorial staff (Post Covid fund) |
| THE CADOGAN CHARITY | FY2022 | £10k | |
| NATIONAL ART COLLECTIONS FUND | FY2023 | £7k | Acquisition grant |
| THE CHILDHOOD TRUST | FY2022 | £7k | |
| THE ROSE FOUNDATION | FY2023 | £5k | Installation of new energy efficient lights |
| THE ROSE FOUNDATION | FY2022 | £5k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2025 | £5k | Advancement of education |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2024 | £5k | Culture and arts |
| NATIONAL ART COLLECTIONS FUND | FY2023 | £5k | Acquisition grant |
| THE BLYTH WATSON CHARITABLE TRUST | FY2025 | £5k | |
| THE BLYTH WATSON CHARITABLE TRUST | FY2024 | £5k | |
| The Ethos Foundation | FY2025 | £5k | smaller donation |
| THE I S A CHARITY | FY2022 | £5k | |
| THE I S A CHARITY | FY2024 | £3k | Grants to institutions |
| THE CHILDHOOD TRUST | FY2023 | £3k | |
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2022 | £2k | COVID-19 Emergency Grants |
| THE BLYTH WATSON CHARITABLE TRUST | FY2025 | £2k | |
| TONY RAMPTON TRUST | FY2025 | £1k | Charitable Donations |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | FY2023 | £1k | Not specified in list |
| THE BLYTH WATSON CHARITABLE TRUST | FY2025 | £1k | |
| ASSOCIATION OF INDEPENDENT MUSEUMS | FY2023 | £288 | AIM Training Grants |
| THE EARL FITZWILLIAM CHARITABLE TRUST | FY2024 | £50 | |
| THE DAIWA ANGLO-JAPANESE FOUNDATION | FY2022 | amount not stated | Support for the transport of artwork by the Japanese manga artist Taiyo Matsumoto |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2025 | amount not stated | Culture and arts |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 06/02/2025 | £319k | Museum Estate and Development Fund |
| The National Lottery Heritage Fund | 24/03/2023 | £244k | "Securing the Foundling Museum: Building Resilience for a Long Term Future" |
| UK government | 13/10/2022 | £150k | National Portfolio Organisations |
| UK government | 13/10/2022 | £150k | National Portfolio Organisations |
| The National Lottery Heritage Fund | 03/08/2020 | £249k | "COVID19:FOUNDLING MUSEUM" |
| UK government | 09/04/2019 | £11k | Acquisition of William South's Naval General Service Medal 1848 |
| The National Lottery Heritage Fund | 08/07/2015 | £10k | "The Fallen Woman" |
| The National Lottery Heritage Fund | 09/10/2013 | £60k | "Foundlings at War" |
| The National Lottery Heritage Fund | 07/06/2013 | £10k | "Maximising Membership Scheme Income" |
| The National Lottery Heritage Fund | 18/09/2008 | £322k | "Foundling Lives: Foundling Hospital pupils' oral history project" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CMF CHARITABLE TRUST | 1 | £4k |
| THE PROVINCIAL GRAND LODGE OF DEVONSHIRE BENEVOLENT FUND | 1 | £1k |
Charities like this
- THE SIR MAX AITKEN MUSEUM
- TOPSHAM MUSEUM
- MUSEUM OF ARCHITECTURE
- EUROPEAN MUSEUM FORUM
- MUSEUM OF BRANDS
- THE FARMLAND MUSEUM
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FOUNDLING MUSEUM | £2.0m | — | — | within | — | no doubt |
| THE SIR MAX AITKEN MUSEUM | £113k | — | 0 | above | — | no doubt |
| TOPSHAM MUSEUM | £58k | — | 0 | unclear | — | noted |
| MUSEUM OF ARCHITECTURE | £145k | — | — | unclear | — | no doubt |
| EUROPEAN MUSEUM FORUM | £80k | — | 0 | above | — | no doubt |
| MUSEUM OF BRANDS | £851k | — | 0 | below | — | no doubt |