THE ROYAL MINT MUSEUM
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £277,432 for the year ended 31 March 2024, resulting in total unrestricted and designated reserves of £4,354,495. The Trustees confirmed that assets are adequate to fulfill obligations and that sufficient reserves are in place to meet at least one year’s expenditure. The organization is wholly owned by the Royal Mint Trading Fund, with HM Treasury as the ultimate controlling party.
What the accounts disclose
“The Royal Mint Museum and The Royal Mint Museum Services Limited provide services to The Royal Mint Limited, in support of its business activities and to HM Treasury in support of its obligations to manage the United Kingdom coinage. The revenue for this year is £469,693 (2023: £465,325). Amount outstanding is £125,190 (2023: £135,325).” — page 32
“The Royal Mint Limited has donated coins to the Museum collection which are included within heritage assets at a cost of £289,514 (2023: £190,518).” — page 32
“The Royal Mint Museum and The Royal Mint Museum Services Limited provide services to The Royal Mint Limited, in support of its business activities and to HM Treasury in support of its obligations to manage the United Kingdom coinage. The revenue for this year is £469,693 (2023: £465,325). Amount outstanding is £125,190 (2023: £135,325).” — page 32
“The Royal Mint Limited has donated coins to the Museum collection which are included within heritage assets at a cost of £289,514 (2023: £190,518).” — page 32
“The Royal Mint Museum and The Royal Mint Museum Services Limited provide services to The Royal Mint Limited, in support of its business activities and to HM Treasury in support of its obligations to manage the United Kingdom coinage. The revenue for this year is £469,693 (2023: £465,325). Amount outstanding is £125,190 (2023: £135,325).” — page 32
“The Royal Mint Limited has donated coins to the Museum collection which are included within heritage assets at a cost of £289,514 (2023: £190,518).” — page 32
“The Museum wholly owns a subsidiary company, Royal Mint Museum Services Limited, also established in December 2009” — page 4
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- PROFESSOR SIR DAVID NICHOLAS CANNADINEchair
- Amanda Jane Brady
- Anna Brennand
- Dafydd Rhys James
- Dr Swati Dhingra
- Mario Pisani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £769k | £699k |
| 31/03/2024 | £924k | £647k |
| 31/03/2023 | £838k | £598k |
| 31/03/2022 | £796k | £575k |
| 31/03/2021 | £977k | £472k |
Common questions
Is THE ROYAL MINT MUSEUM financially healthy?
The accounts state that the charity generated a net income of £277,432 for the year ended 31 March 2024, resulting in total unrestricted and designated reserves of £4,354,495. The Trustees confirmed that assets are adequate to fulfill obligations and that sufficient reserves are in place to meet at least one year’s expenditure. The organization is wholly owned by the Royal Mint Trading Fund, with HM Treasury as the ultimate controlling party. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GARFIELD WESTON FOUNDATION | 1 | £3.0m |
| THE DORFMAN FOUNDATION | 1 | £208k |
| REUBEN FOUNDATION | 1 | £159k |
| The Goldsmiths' Foundation | 1 | £50k |
| THE GOLDSMITHS CENTRE | 1 | £39k |
| THE ABDALLA FOUNDATION | 1 | £7k |
| THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT | 1 | £1k |