POSTAL HERITAGE TRUST

Registered charity 1102360 · accounts filings on the Charity Commission register · also known as THE BRITISH POSTAL MUSEUM AND ARCHIVE

Educational Charity working to make the Royal Mail Archive and the Postal Heritage Trust collection accessible as widely as possible

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

Latest income
£6.3m
Latest spending
£6.6m
Registered
2004
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £267,702 for the year, though excluding depreciation resulted in a surplus of £766,000. The trustees identified a material uncertainty regarding the charity's ability to continue as a going concern due to defaulted loan obligations to Royal Mail Group and Post Office Ltd, although they believe this is substantially mitigated by a Heads of Terms agreement. Unrestricted reserves stood at £11,792,000, with unrestricted cash of £1,929,000 at year-end.

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

What the accounts disclose

Highest-paid employee band: £110,001 - £120,000 — in the top quarter for charities its size (median £70k)
“One employee (2024: 1) received remuneration in the band £110,000 - £120,000” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 3
“One employee (2024: 1) received remuneration in the band £60,000 - £70,000. One employee (2024: 1) received remuneration in the band £70,000 - £80,000. No employee (2024: 0) received remuneration in the band £90,000 - £100,000. One employee (2024: 1) received remuneration in the band £110,000 - £120,000” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £11.8m; policy: five months’ worth of unrestricted operating expenditure plus foreseeable capital commitments)
“At the period end, the unrestricted cash balance of £1,929k (2024: £1,780k) represented about 4 months of budgeted operating expenditure” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“The Trustees consider that the conditions described in respect of the historical loans as mentioned above, constitute a material uncertainty which may cast doubt over the charitable company’s ability to continue as a going concern although substantially mitigated by the Heads of Terms agreement referred to above.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Laura Wright received remuneration of £105,704 as CEO and Trustee.
“Laura Wright was employed as CEO and Trustee of the charity. The legal authority for payments to her was a Charity Commission Order. During the year she received remuneration of £105,704 (2024: £110,910) in respect of her employment.” — page 29
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: RMG and POL have a funding agreement to 2040 to provide PHT with £1,563,526 in the 12 months to 31 March 2025
“Royal Mail Group (RMG) and Post Office Ltd (POL) have a funding agreement to 2040 to provide PHT with £1,563,526 in the 12 months to 31 March 2025 (2024: £1,524,968) of unrestricted funds, for the general purpose of meeting its charitable objectives.” — page 41
“RMG and POL have an Archive Services Agreement with PHT and its trading subsidiary, PHSL, which provided the latter with £1,077,313 in the 12 months to 31 March 2025 (2024: £1,056,564) of unrestricted funds for the purposes of maintaining the Royal Mail archives.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: RMG and POL have an Archive Services Agreement with PHT and its trading subsidiary, PHSL, which provided the latter with £1,077,313 in the 12 months to 31 March 2025
“Royal Mail Group (RMG) and Post Office Ltd (POL) have a funding agreement to 2040 to provide PHT with £1,563,526 in the 12 months to 31 March 2025 (2024: £1,524,968) of unrestricted funds, for the general purpose of meeting its charitable objectives.” — page 41
“RMG and POL have an Archive Services Agreement with PHT and its trading subsidiary, PHSL, which provided the latter with £1,077,313 in the 12 months to 31 March 2025 (2024: £1,056,564) of unrestricted funds for the purposes of maintaining the Royal Mail archives.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Postal Heritage Services Limited, Postal Heritage Trading Limited
“PHT also owns the entire share capital of two trading subsidiaries, Postal Heritage Services Limited (PHSL), which is engaged in archive services, and Postal Heritage Trading Limited (PHTL), which engages in commercial trading.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Haysmac LLP. Discloses 6 of 6 completeness components.

Property (HM Land Registry)

5 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

Total income
£6.3m
Total spending
£6.6m
Cost of raising funds
£2.5m
Reserves (reported)
£295k
Employees
97

Reported reserves equal ~0.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (45% 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: 40.1% of total income — above the 90th percentile for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£6.3m£6.6m
31/03/2024£5.0m£6.2m
31/03/2023£5.2m£7.0m
31/12/2021£4.2m£5.0m
31/12/2020£4.7m£5.0m

Common questions

Is POSTAL HERITAGE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £267,702 for the year, though excluding depreciation resulted in a surplus of £766,000. The trustees identified a material uncertainty regarding the charity's ability to continue as a going concern due to defaulted loan obligations to Royal Mail Group and Post Office Ltd, although they believe this is substantially mitigated by a Heads of Terms agreement. Unrestricted reserves stood at £11,792,000, with unrestricted cash of £1,929,000 at year-end. Its FY2025 accounts were audited by Haysmac LLP.

What does the highest-paid employee of POSTAL HERITAGE TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £110,001 - £120,000 band, and 3 employees earned over £60,000.

Government & lottery funding

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

FunderDateAmountPurpose
UK government27/01/2025£10kInvestment Funds
UK government08/02/2024£400kCapital Investment Programme
UK government13/10/2022£150kNational Portfolio Organisations
UK government13/10/2022£150kNational Portfolio Organisations
The National Lottery Heritage Fund22/06/2020£250k"COVID19 Postal Heritage Trust"
City Bridge Foundation27/11/2018£20kGrant to Postal Heritage Trust
City Bridge Foundation28/01/2015£4kGrant to Postal Heritage Trust
The National Lottery Heritage Fund28/07/2014£10k"12 million a day: letters to and from the front line"
The National Lottery Heritage Fund02/10/2012£5.5m"The BPMA New Centre Project at Mount Pleasant"
The National Lottery Heritage Fund16/08/2006£48k"Last Post: Remembering The First World War"
The National Lottery Heritage Fund08/06/2005£47k"The Penny Black Changed the World"

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 NATIONAL PARALYMPIC HERITAGE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
POSTAL HERITAGE TRUST£6.3m£110,001 - £120,0003below—material uncertainty
NATIONAL PARALYMPIC HERITAGE TRUST FY2025£505k—0unclear—no doubt
THE POST OFFICE REMEMBRANCE FELLOWSHIP CIO FY2025£608k—0unclear—no doubt
THE TRUST FOR WELSH ARCHAEOLOGY FY2025£3.5m——below—no doubt
ROYAL DOCKS TRUST (LONDON) FY2025£281k—0unclear—no doubt
THE NATIONAL ARCHIVES TRUST FY2025£374kOver £60,0001unclear—no doubt

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