Petersfield Museum and Art Gallery Limited

Registered charity 1108817 · accounts filings on the Charity Commission register · also known as PETERSFIELD MUSEUM LIMITED, Petersfield Museum

The charity seeks to educate the public by the establishment and maintenance of a museum for items of historical and archaeological interest, archives, photographs, flora and fauna and arts and crafts especially those relating to the town of Petersfield and the surrounding area.

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

Latest income
£341k
Latest spending
£624k
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £282,921 for the year ended 31 March 2025, resulting in a decline in total funds from £3,819,602 to £3,536,681. The Trustees note that while liquidity remains manageable, it is increasingly fragile, and the charity is below its stated reserves policy target of six months of running costs. The auditors confirmed the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

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

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £295k; policy: six months of running costs (approx. £200,000))
“As of 31 March 2025, these free reserves were below target” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donation from subsidiary
“Petersfield Museum and Art Gallery received a donation of £21,670 from PMAG (Trading) Ltd. This amount has been recorded as income in the financial statements of the parent company.” — page 32
“As of the reporting date, Petersfield Museum and Art Gallery had a debtors balance of £20,512 with PMAG (Trading) Ltd. This balance is included in the current assets section of the parent company’s financial statements.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Debtors balance with subsidiary
“Petersfield Museum and Art Gallery received a donation of £21,670 from PMAG (Trading) Ltd. This amount has been recorded as income in the financial statements of the parent company.” — page 32
“As of the reporting date, Petersfield Museum and Art Gallery had a debtors balance of £20,512 with PMAG (Trading) Ltd. This balance is included in the current assets section of the parent company’s financial statements.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: PMAG (Trading) Ltd
“The charity holds an investment in its wholly-owned subsidiary, PMAG (Trading) Ltd.” — page 23
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by MC Audit Limited. Discloses 5 of 6 completeness components.

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

Structured financials (annual return, FY ending 31/03/2021)

Total income
£950k
Total spending
£317k
Cost of raising funds
£9k
Reserves (reported)
£669k
Employees
7

Reported reserves equal ~25.3 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (97% 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: 0.9% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Hampshire · West Sussex

Income and spending

Financial year endIncomeSpending
31/03/2025£341k£624k
31/03/2024£113k£499k
31/03/2023£183k£490k
31/03/2022£404k£484k
31/03/2021£950k£317k

Common questions

Is Petersfield Museum and Art Gallery Limited financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £282,921 for the year ended 31 March 2025, resulting in a decline in total funds from £3,819,602 to £3,536,681. The Trustees note that while liquidity remains manageable, it is increasingly fragile, and the charity is below its stated reserves policy target of six months of running costs. The auditors confirmed the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by MC Audit Limited.

Who funds Petersfield Museum and Art Gallery Limited?

Funders whose own accounts filings name Petersfield Museum and Art Gallery Limited as a grant recipient include THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST, The William Brake Foundation, Friends of the Nations' Libraries, ASSOCIATION OF INDEPENDENT MUSEUMS.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUSTFY2023£3k
THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUSTFY2024£2k
The William Brake FoundationFY2022£1k
Friends of the Nations' LibrariesFY2023£500Art of This Century
ASSOCIATION OF INDEPENDENT MUSEUMSFY2023£300AIM Training Grants

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund11/03/2026£193k"Pathways to the Future: Building Sustainability onto Our Foundations - Resubmission"
The National Lottery Heritage Fund21/09/2016£1.7m"Petersfield Museum - Pathways into the Past"
The National Lottery Heritage Fund22/04/2014£6k"'Gone but not forgotten' - remembering those from Petersfield affected by the First World War"
The National Lottery Heritage Fund17/02/2014£100k"People of the Heath; understanding and conserving Petersfield's prehistoric barrows"
The National Lottery Heritage Fund10/12/2008£10k"Petersfield Museum Are Currently Converting A Building Which Was Previously Used As An Art Gallery And Restaurant. The Conversion Will Creat"
The National Lottery Community Fund10/12/2008£10kRefurbishing the Flora Twort Art Gallery and creating a new Costume Gallery
The National Lottery Heritage Fund04/06/2008£50k"Creating an education programme through appointing an Education and Outreach Officer"