LONDON TRANSPORT MUSEUM LIMITED
Registered charity 1123122 · accounts filings on the Charity Commission register
- Education and engagement activities via on site and out reach programmes.- Access and museum operations including permanent displays, special events and online resources.- Heritage and collections including the preservation, management, research and acquisition of transport related objects and information, heritage vehicle outings and a programme of talks and events.
Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £1.955 million for the year ended 31 March 2025, driven by increased staffing costs aligned with strategic investment. Per the trustees' report, unrestricted reserves stood at £26.9 million, significantly exceeding the stated general reserves target range of £1.5 to £3.5 million. The trustees and auditors confirmed the charity is a going concern, supported by unrestricted reserves and a commitment from its parent company, Transport for London.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: £1.5 to £3.5 million (held: £26.9m)
“The target range for general reserves is between £1.5 to £3.5 million.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: London Transport Museum (Trading) Limited
“LTM has a wholly owned subsidiary, London Transport Museum (Trading) Limited (LTM(T)L) which operates retail, corporate hire and other non-charitable activities” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.
Property (HM Land Registry)
3 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)
Cost of raising funds
£7.2m
Reported reserves equal ~4.5 months of spending — below the median for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Other trading activities (40% 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: 36.2% of total income — above the 90th percentile for charities its size (median 3.8%) (benchmarks).
- MR Keith Ludemanchair
- Anne Marie McMeel
- Christine Major
- Daniel Phelan
- David Allen Brown
- Elizabeth McKay · trustee of 1 other charity
- Lilli Matson
- Marcus Arthur
- Obinna Vincent Nwofor
- Pamela Elizabeth Rosser
- Susannah Bentley Tanner
- William Stephen Ferris
- Winsome Hull
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout London
Income and spending
Common questions
Is LONDON TRANSPORT MUSEUM LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £1.955 million for the year ended 31 March 2025, driven by increased staffing costs aligned with strategic investment. Per the trustees' report, unrestricted reserves stood at £26.9 million, significantly exceeding the stated general reserves target range of £1.5 to £3.5 million. The trustees and auditors confirmed the charity is a going concern, supported by unrestricted reserves and a commitment from its parent company, Transport for London. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds LONDON TRANSPORT MUSEUM LIMITED?
Funders whose own accounts filings name LONDON TRANSPORT MUSEUM LIMITED as a grant recipient include LONDON TRANSPORT MUSEUM FRIENDS, KUSUMA TRUST UK, THE FINNIS SCOTT FOUNDATION.
Shared trustees with funders
Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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 FRIENDS.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.