ROYAL MUSEUMS GREENWICH FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £13,058,727, which the Trustees consider appropriate in light of potential future commitments. The charity reported a net income of £2,489,338 for the year, generated primarily from donations and investment returns, with no grants awarded during the period. The Trustees confirmed the organization is a going concern with no material uncertainties identified.
What the accounts disclose
“The reserves held by the charity as at 31 March 2024 is £13,058,727 (unrestricted) (£10,569,389, 2023) in line with this established Reserves policy.”
“The National Maritime Museum is a related party to the Foundation. Transactions with the National Maritime Museum during the period to 31 March 2024 are disclosed in note 11 to the financial statements.” — page 5
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "above" (FY2024).
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Alastair MacAulay
- Antony John Hales
- JEREMY JOHN HARLEY PENN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £492k | £1.1m |
| 31/03/2024 | £2.5m | £16k |
| 31/03/2023 | £3.0m | £55k |
| 31/03/2022 | £3.8m | £13k |
| 31/03/2021 | £290k | £13k |
Common questions
Is ROYAL MUSEUMS GREENWICH FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £13,058,727, which the Trustees consider appropriate in light of potential future commitments. The charity reported a net income of £2,489,338 for the year, generated primarily from donations and investment returns, with no grants awarded during the period. The Trustees confirmed the organization is a going concern with no material uncertainties identified. Its FY2024 accounts were audited by HaysMac LLP.
Who funds ROYAL MUSEUMS GREENWICH FOUNDATION?
Funders whose own accounts filings name ROYAL MUSEUMS GREENWICH FOUNDATION as a grant recipient include GARFIELD WESTON FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GARFIELD WESTON FOUNDATION | FY2024 | £3.0m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |