THE NATIONAL MOTOR MUSEUM TRUST LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity generated a net surplus of £374,010 for the year ended 31 December 2023, with total incoming resources of £3,728,197 against total expenditure of £3,354,187. The trustees report that free reserves amounted to £616,764, which is below the stated policy target of £840,000 (representing three months of operating costs). The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“It is the aim of the charity to work towards a position where free reserves represent at least 3 months of operating costs (£840,000 in 2023).” — page 25
“During the year trustees donated funds of £28,862 to the charity (2022: £19,800).” — page 58
“The group leased all the leasehold properties from the private estate of Lord Montagu of Beaulieu. The rentals payable on these properties under the lease agreement are peppercorn, and therefore negligible.” — page 58
“During the year trustees donated funds of £28,862 to the charity (2022: £19,800).” — page 58
“The group leased all the leasehold properties from the private estate of Lord Montagu of Beaulieu. The rentals payable on these properties under the lease agreement are peppercorn, and therefore negligible.” — page 58
“NMMT has a wholly owned trading subsidiary called National Motor Museum Trading Limited, which is primarily involved in the provision of museum services.” — page 24
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andrew Martin Thomas
- Andrew Paul Goss
- CAROLINE MARCUS
- Colin Frederick McKenzie
- Helen Evenden
- Jeremy Tristan Boadle
- Jonathan Hewett
- Keira Lucille Hart
- LORD MONTAGU
- LORD STRATHCARRON
- ROBERT STEPHEN TAYLOR
- Robert MacGregor
- Thomas Callow
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.6m | £3.6m |
| 31/12/2023 | £3.7m | £3.4m |
| 31/12/2022 | £3.3m | £3.1m |
| 31/12/2021 | £2.9m | £3.0m |
| 31/12/2020 | £2.0m | £2.1m |
Common questions
Is THE NATIONAL MOTOR MUSEUM TRUST LIMITED financially healthy?
The accounts state that the charity generated a net surplus of £374,010 for the year ended 31 December 2023, with total incoming resources of £3,728,197 against total expenditure of £3,354,187. The trustees report that free reserves amounted to £616,764, which is below the stated policy target of £840,000 (representing three months of operating costs). The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Saffery LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 19/01/2024 | £227k | "The Ages of Motoring" |
| The National Lottery Heritage Fund | 23/05/2014 | £97k | "Caravans and Charabancs: Leisure motoring after the First World War" |
| The National Lottery Heritage Fund | 21/07/2003 | £36k | "National Motor Museum Development Project" |
| The National Lottery Heritage Fund | 28/11/2002 | £48k | "The Wakefield Trophy - Acquisition" |
| The National Lottery Heritage Fund | 08/07/1996 | £249k | "Beaulieu Motor Works -Centenary Garage" |