YORK MUSEUM & GALLERY TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity finished the 2024/25 financial year with a surplus before transfers of £87k, resulting in a net movement in funds of £(681,359) after transfers and actuarial adjustments. The trustees report that free reserves were £624k at year-end, which they consider sufficient to satisfy their policy target of two months of operating costs, further bolstered by a subsequent £1m award from the Arts Council’s Museum Renewal Fund.
What the accounts disclose
“Historically, YMT has sought to hold unrestricted, general reserves equal to two months of YMT’s operating costs.” — page 14
“The charity has a trading subsidiary, York Museums and Enterprises Limited, a company limited by shares, registered company number 04466798.” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ANGELA DEAN
- Andrew Scott
- Azra Kirkby
- Cllr Anthony Clarke
- Cllr Jonny Crawshaw
- David Lamb
- Elizabeth Waller
- Justine Andrew
- Keith Nesbitt
- Nicole Fowler
- Robert Newport
- Scott Furlong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £9.2m | £10.1m |
| 31/03/2024 | £7.5m | £8.4m |
| 31/03/2023 | £7.1m | £8.9m |
| 31/03/2022 | £5.6m | £7.2m |
| 31/03/2021 | £4.8m | £6.6m |
Common questions
Is YORK MUSEUM & GALLERY TRUST financially healthy?
The accounts state that the charity finished the 2024/25 financial year with a surplus before transfers of £87k, resulting in a net movement in funds of £(681,359) after transfers and actuarial adjustments. The trustees report that free reserves were £624k at year-end, which they consider sufficient to satisfy their policy target of two months of operating costs, further bolstered by a subsequent £1m award from the Arts Council’s Museum Renewal Fund. Its FY2025 accounts were audited by BHP LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/05/2025 | £135k | "Future Preparedness: Climate-Related Environmental Management Programme" |
| The National Lottery Heritage Fund | 29/01/2024 | £242k | "York Museum Trust Masterplan" |
| The National Lottery Heritage Fund | 15/11/2011 | £1.2m | "York Castle Museum (Development 3) Changing Spaces" |
| The National Lottery Heritage Fund | 14/06/2005 | £50k | "Kirkgate - York Castle Museum" |
| The National Lottery Heritage Fund | 04/05/2005 | £50k | "Constantine the Great - York's Roman Emperor" |
| The National Lottery Heritage Fund | 04/02/2005 | £1k | "York Museums And Gallery Trust Have Been Awarded A Grant To Provide A Number Of War Time Displays And Exhibitions. The Displays Will Also P" |
| The National Lottery Heritage Fund | 25/11/2003 | £273k | "York Art Gallery" |
| The National Lottery Heritage Fund | 04/08/2003 | £50k | "PPG St Marys Abbey Precinct Project" |
| The National Lottery Heritage Fund | 05/03/2003 | £563k | "Portrait of Jean Abercromby c1767, by Allan Ramsay - Acquisition" |