THE FOUNDLING MUSEUM
To operate a museum for the maintenance, conservation and exhibition of the Foundling Hospital collection.
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 free unrestricted reserves of £1,161,072, which the trustees consider sufficient to meet its policy target of three to six months of expenditure.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:” — page 62
“generated by 14% public grants (ACE & NLHF), 45% fundraised income, 34% admissions and other earned income and 7% investment income”
“The Board’s policy is to maintain reserves within a range representing three to six months of expenditure, (£0.6 million - £1.2 million).”
“Under the terms of a Management Deed dated 23rd July 2003, the Museum received the following sums from the Foundation during the year: £41,094 in respect of licence fees (2024 - £41,094), £60,441 in respect of reimbursement of librarians’ employment costs (2024 - £59,429) and £29,103 in relation to premises costs (2024 - £49,040). A former Museum Trustee Christopher Cotton DL served as a Trustee for The Gerald Coke Handel Foundation until August 2024 when he was replaced by Ronald Gould, a current Museum Trustee.” — page 79
“The amount loaned to the Museum by Trustees in the year under the scheme and invested in the fund was £NIL (2024 - £NIL), and the accrued interest due to those Trustees was £11,088 (2024 - £7,987). The amounts due to the Trustees at 31 March 2025 was £61,088 (2024 - £57,987).” — page 80
“Under the terms of a Management Deed dated 23rd July 2003, the Museum received the following sums from the Foundation during the year: £41,094 in respect of licence fees (2024 - £41,094), £60,441 in respect of reimbursement of librarians’ employment costs (2024 - £59,429) and £29,103 in relation to premises costs (2024 - £49,040). A former Museum Trustee Christopher Cotton DL served as a Trustee for The Gerald Coke Handel Foundation until August 2024 when he was replaced by Ronald Gould, a current Museum Trustee.” — page 79
“The amount loaned to the Museum by Trustees in the year under the scheme and invested in the fund was £NIL (2024 - £NIL), and the accrued interest due to those Trustees was £11,088 (2024 - £7,987). The amounts due to the Trustees at 31 March 2025 was £61,088 (2024 - £57,987).” — page 80
“Under the terms of a Management Deed dated 23rd July 2003, the Museum received the following sums from the Foundation during the year: £41,094 in respect of licence fees (2024 - £41,094), £60,441 in respect of reimbursement of librarians’ employment costs (2024 - £59,429) and £29,103 in relation to premises costs (2024 - £49,040). A former Museum Trustee Christopher Cotton DL served as a Trustee for The Gerald Coke Handel Foundation until August 2024 when he was replaced by Ronald Gould, a current Museum Trustee.” — page 79
“The amount loaned to the Museum by Trustees in the year under the scheme and invested in the fund was £NIL (2024 - £NIL), and the accrued interest due to those Trustees was £11,088 (2024 - £7,987). The amounts due to the Trustees at 31 March 2025 was £61,088 (2024 - £57,987).” — page 80
“This valuation showed assets of £49.6 million, liabilities of £57.1 million and a deficit of £7.5 million.”
“The Museum has a wholly owned subsidiary, The Foundling Museum Trading Company Limited, which sells promotional goods and organises events to benefit the Museum.”
Year-over-year changes
- Top pay band moved from £70,001 - £80,000 (FY2024) to unclear (FY2025).
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 free unrestricted reserves of £1,161,072, which the trustees consider sufficient to meet its policy target of three to six months of expenditure. Its FY2025 accounts were audited by MHA.
What does the highest-paid employee of THE FOUNDLING MUSEUM earn?
Per its FY2025 accounts, the highest-paid employee was in the unclear band.
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 COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | FY2022 | £10k | Support for curatorial staff (Post Covid fund) |
| THE CADOGAN CHARITY | FY2022 | £10k | |
| The Ethos Foundation | FY2024 | £10k | Smaller grant |
| THE FINNIS SCOTT FOUNDATION | FY2023 | £10k | |
| THE CADOGAN CHARITY | FY2023 | £10k | educational charities |
| NATIONAL ART COLLECTIONS FUND | FY2023 | £7k | Acquisition grant |
| THE CHILDHOOD TRUST | FY2022 | £7k | |
| NATIONAL ART COLLECTIONS FUND | FY2023 | £5k | Acquisition grant |
| THE BLYTH WATSON CHARITABLE TRUST | FY2025 | £5k | |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2024 | £5k | Culture and arts |
| THE ROSE FOUNDATION | FY2023 | £5k | Installation of new energy efficient lights |
| THE ROSE FOUNDATION | FY2022 | £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 | |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | FY2023 | £1k | Not specified in list |
| THE BLYTH WATSON CHARITABLE TRUST | FY2025 | £1k | |
| TONY RAMPTON TRUST | FY2025 | £1k | Charitable Donations |
| ASSOCIATION OF INDEPENDENT MUSEUMS | FY2023 | £288 | AIM Training Grants |
| THE EARL FITZWILLIAM CHARITABLE TRUST | FY2024 | £50 | |
| THE DAIWA ANGLO-JAPANESE FOUNDATION | FY2022 | £0 | Support for the transport of artwork by the Japanese manga artist Taiyo Matsumoto |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2025 | £0 | 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 |
|---|---|---|
| JERWOOD FOUNDATION | 1 | — |
| HUO FAMILY FOUNDATION (UK) LIMITED | 1 | £2.3m |
| National Philanthropic Trust UK Limited | 1 | £1.8m |
| LONDON TRANSPORT MUSEUM FRIENDS | 1 | £639k |
| THE LINBURY TRUST | 1 | £620k |
| THE MEDLOCK CHARITABLE TRUST | 1 | £140k |
| DAVID LISTER CHARITABLE TRUST | 1 | £52k |
| THE MARY KINROSS CHARITABLE TRUST | 1 | £51k |
Charities like this
- LONDON TRANSPORT MUSEUM LIMITED
- THE SIR MAX AITKEN MUSEUM
- CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED
- LEAGUE OF FRIENDS OF UNIVERSITY HOSPITAL SOUTHAMPTON NHS FOUNDATION TRUST
- Mildmay Hospital
- THE COURTAULD INSTITUTE OF ART FUND
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 | unclear | — | within | — | no doubt |
| LONDON TRANSPORT MUSEUM LIMITED | £19.9m | — | — | unclear | — | no doubt |
| THE SIR MAX AITKEN MUSEUM | £113k | — | 0 | above | — | no doubt |
| CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED | £861k | — | 0 | below | — | no doubt |
| LEAGUE OF FRIENDS OF UNIVERSITY HOSPITAL SOUTHAMPTON NHS FOUNDATION TRUST | £335k | — | 0 | unclear | — | no doubt |
| Mildmay Hospital | £3.8m | — | — | unclear | — | noted |