THE FOUNDLING MUSEUM

Registered charity 1071167 · accounts filings on the Charity Commission register

To operate a museum for the maintenance, conservation and exhibition of the Foundling Hospital collection.

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£2.0m
Latest spending
£2.3m
Registered
1998
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: unclear
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:” — page 62
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: fundraised income (45% of income)
“generated by 14% public grants (ACE & NLHF), 45% fundraised income, 34% admissions and other earned income and 7% investment income”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three to six months of expenditure (held: £1.2m)
“The Board’s policy is to maintain reserves within a range representing three to six months of expenditure, (£0.6 million - £1.2 million).”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Gerald Coke Handel Foundation
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees (Supporters' Loan Scheme)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees (Donations)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £7.5m
“This valuation showed assets of £49.6 million, liabilities of £57.1 million and a deficit of £7.5 million.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: The Foundling Museum Trading Company Limited
“The Museum has a wholly owned subsidiary, The Foundling Museum Trading Company Limited, which sells promotional goods and organises events to benefit the Museum.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by MHA. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Public fundraising profile: JustGiving — Foundling Museum (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £4.5m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.0m
Total spending
£2.3m
Cost of raising funds
£471k
Reserves (reported)
£1.2m
Employees
35

Reported reserves equal ~6.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (58% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 23.9% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE JULIA RAUSING TRUSTFY2025£900kStrategic core funding
The Ethos FoundationFY2023£500kCapital fundraising appeal
THE FOYLE FOUNDATIONFY2023£500k
THE MASTER CHARITABLE TRUSTFY2023£325k
THE FIDELITY UK FOUNDATIONFY2025£237kArts, Culture and Heritage
THE HEADLEY TRUSTFY2024£225kTowards renewing the building lease.
THE HEADLEY TRUSTFY2024£225kTowards renewing the building lease.
THE JOHN R. MURRAY CHARITABLE TRUSTFY2024£50kAdvancement of education
KUSUMA TRUST UKFY2023£42kCo-curated exhibition: 'Finding Family'
THE BLYTH WATSON CHARITABLE TRUSTFY2024£20k
The Ethos FoundationFY2022£11kMiscellaneous smaller grant.
THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUSTFY2022£10kSupport for curatorial staff (Post Covid fund)
THE CADOGAN CHARITYFY2022£10k
The Ethos FoundationFY2024£10kSmaller grant
THE FINNIS SCOTT FOUNDATIONFY2023£10k
THE CADOGAN CHARITYFY2023£10keducational charities
NATIONAL ART COLLECTIONS FUNDFY2023£7kAcquisition grant
THE CHILDHOOD TRUSTFY2022£7k
NATIONAL ART COLLECTIONS FUNDFY2023£5kAcquisition grant
THE BLYTH WATSON CHARITABLE TRUSTFY2025£5k
THE STEVENSON FAMILY'S CHARITABLE TRUSTFY2024£5kCulture and arts
THE ROSE FOUNDATIONFY2023£5kInstallation of new energy efficient lights
THE ROSE FOUNDATIONFY2022£5k
THE BLYTH WATSON CHARITABLE TRUSTFY2024£5k
The Ethos FoundationFY2025£5ksmaller donation
THE I S A CHARITYFY2022£5k
THE I S A CHARITYFY2024£3kGrants to institutions
THE CHILDHOOD TRUSTFY2023£3k
CHARTERED ACCOUNTANTS' LIVERY CHARITYFY2022£2kCOVID-19 Emergency Grants
THE BLYTH WATSON CHARITABLE TRUSTFY2025£2k
THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUSTFY2023£1kNot specified in list
THE BLYTH WATSON CHARITABLE TRUSTFY2025£1k
TONY RAMPTON TRUSTFY2025£1kCharitable Donations
ASSOCIATION OF INDEPENDENT MUSEUMSFY2023£288AIM Training Grants
THE EARL FITZWILLIAM CHARITABLE TRUSTFY2024£50
THE DAIWA ANGLO-JAPANESE FOUNDATIONFY2022£0Support for the transport of artwork by the Japanese manga artist Taiyo Matsumoto
THE STEVENSON FAMILY'S CHARITABLE TRUSTFY2025£0Culture and arts

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government06/02/2025£319kMuseum Estate and Development Fund
The National Lottery Heritage Fund24/03/2023£244k"Securing the Foundling Museum: Building Resilience for a Long Term Future"
UK government13/10/2022£150kNational Portfolio Organisations
UK government13/10/2022£150kNational Portfolio Organisations
The National Lottery Heritage Fund03/08/2020£249k"COVID19:FOUNDLING MUSEUM"
UK government09/04/2019£11kAcquisition of William South's Naval General Service Medal 1848
The National Lottery Heritage Fund08/07/2015£10k"The Fallen Woman"
The National Lottery Heritage Fund09/10/2013£60k"Foundlings at War"
The National Lottery Heritage Fund07/06/2013£10k"Maximising Membership Scheme Income"
The National Lottery Heritage Fund18/09/2008£322k"Foundling Lives: Foundling Hospital pupils' oral history project"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with LONDON TRANSPORT MUSEUM LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE FOUNDLING MUSEUM£2.0munclear—within—no doubt
LONDON TRANSPORT MUSEUM LIMITED FY2025£19.9m——unclear—no doubt
THE SIR MAX AITKEN MUSEUM FY2025£113k—0above—no doubt
CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED FY2025£861k—0below—no doubt
LEAGUE OF FRIENDS OF UNIVERSITY HOSPITAL SOUTHAMPTON NHS FOUNDATION TRUST FY2025£335k—0unclear—no doubt
Mildmay Hospital FY2025£3.8m——unclear—noted

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.