North East Museums Development Trust
Latest income
£551k
Latest spending
£665k
Registered
2010
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £149,223, which is above the stated policy target of approximately £13,000 needed to cover governance costs for three years. The charity reported a net incoming resource of £47,944 for the year, resulting in total funds carried forward of £774,077.
What the accounts disclose
Reserves policy: three years of approximately £13,000 (held: £149k)
“The Trustees feel that it is appropriate to hold a reserve with funds to finance the administration and governance fees and will earmark the use of interest earned on investments for this purpose until the level of reserves is sufficient to meet the estimated costs of these fees for the following three years of approximately £13,000.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The TWAM Development Trust was set up to support TWAM by raising funds from individual donors, companies, trusts and foundations to support a wide variety of archive and museum activities. Although the two entities have separate trustees, TWAM provide administrative services to TWAM Development Trust and TWAM's Finance, Audit & Risk Committee provides oversight of financial procedures and risk management matters pertaining to TWAM, the TWAM Development Trust as well as TWAM Enterprises Ltd and Exhibitions by TWAM Limited
“During the year the entity paid grants totalling £510,466 (2023: £527,816) to Tyne & Wear Archives & Museums (TWAM). At the balance sheet date £372,926 (2023: £59,251) was due to TWAM. During the year income of £6,000 was received from TWAM.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Funders the charity credits
Structured financials (annual return, FY ending 31/03/2025)
Total income
£551k
Total spending
£665k
Cost of raising funds
£4k
Reserves (reported)
£159k
Employees
0
Register events
- Received assets from another charity (26/01/2015)
- Received assets from another charity (18/11/2011)
Trustees
- Anna McCready
- Charlotte Fleur Windebank
- Christine Holland
- Jane Elizabeth Robinson
- John David Holmes
- Philip John Kite
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £551k | £665k |
| 31/03/2024 | £569k | £521k |
| 31/03/2023 | £617k | £537k |
| 31/03/2022 | £470k | £285k |
| 31/03/2021 | £233k | £103k |
Common questions
Is North East Museums Development Trust financially healthy?
The accounts state that unrestricted reserves stood at £149,223, which is above the stated policy target of approximately £13,000 needed to cover governance costs for three years. The charity reported a net incoming resource of £47,944 for the year, resulting in total funds carried forward of £774,077. Its FY2024 accounts were independently examined.
Who funds North East Museums Development Trust?
Funders whose own accounts filings name North East Museums Development Trust as a grant recipient include THE KIRBY LAING FOUNDATION, DR RADCLIFFE'S TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE KIRBY LAING FOUNDATION | FY2022 | £10k |
| DR RADCLIFFE'S TRUST | FY2024 | £4k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/08/2025 | £193k | "Discovery First Look" |
| The National Lottery Heritage Fund | 24/03/2022 | £191k | "Lindisfarne Gospels 2022 – Regional Engagement and Community Learning Programme" |
| The National Lottery Heritage Fund | 19/03/2019 | £10k | "Peace Day 19 July 1919" |
| The National Lottery Heritage Fund | 28/09/2017 | £9k | "Paul Nash: WW1 Life, Letters and Art" |
| The National Lottery Heritage Fund | 12/09/2017 | £813k | "Hub Exhibition and Associated Programme for the Great Exhibition of the North" |
| The National Lottery Heritage Fund | 30/08/2017 | £123k | "Reimagining Fundraising at Tyne & Wear Archives & Museums" |
| The National Lottery Heritage Fund | 27/04/2017 | £72k | "Arbeia: Our Fort, Our Heritage" |
| The National Lottery Heritage Fund | 15/12/2016 | £60k | "Shipley Art Gallery Centenary 2017" |
| The National Lottery Heritage Fund | 11/06/2015 | £450k | "CHARGE! the story of EnglandÂ’s Northern Cavalry" |
| The National Lottery Heritage Fund | 05/09/2013 | £212k | "Wor Life" |
| The National Lottery Heritage Fund | 25/03/2013 | £17k | "Divine Bodies" |
| The National Lottery Heritage Fund | 30/07/2012 | £59k | "My Tyneside: Stories of Belonging" |
| The National Lottery Heritage Fund | 15/06/2012 | £275k | "World Heritage Site Community Champions" |
| The National Lottery Heritage Fund | 08/09/2011 | £410k | "Hadrian's Wall and its legacy on Tyneside" |
| The National Lottery Heritage Fund | 25/07/2011 | £49k | "Home and Away - North East Sport and the Olympics" |
| The National Lottery Heritage Fund | 09/06/2011 | £150k | "Journeys of Discovery" |
| The National Lottery Heritage Fund | 31/01/2011 | £45k | "WhatÂ’s Your Story? Discovering Family History" |
| The National Lottery Heritage Fund | 25/05/2010 | £989k | "Heritage Engineering Skills" |
| The National Lottery Heritage Fund | 04/12/2009 | £92k | "Restoration of Railway Wagons and Sidings at Monkwearmouth Station Museum" |
| The National Lottery Heritage Fund | 22/09/2008 | £48k | "North East Beat-Venues, Bands and Fans" |
| The National Lottery Heritage Fund | 19/09/2008 | £250k | "Creative Spirit" |
| The National Lottery Heritage Fund | 20/05/2008 | £145k | "Collecting Design" |
| The National Lottery Heritage Fund | 29/10/2007 | £50k | "Exploring Our Roots: Who do we want to be?" |
| The National Lottery Heritage Fund | 25/06/2007 | £48k | "Peopling; migrant communities in Tyne and Wear" |
| The National Lottery Heritage Fund | 19/06/2007 | £1.1m | "Imagine a Nation: British art, heritage and identity in the 21st century" |