SCIENCE MUSEUM FOUNDATION
Latest income
£1.0m
Latest spending
£3.7m
Registered
2012
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity held total funds of £36.5m at the year end, with unrestricted reserves of £0.7m. The trustees consider this level of funds appropriate given known and likely future requests for support, and the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: continue to build up reserves until they can be expended in furtherance of the charitable objectives (held: £656k)
“It is the Foundation’s policy to continue to build up reserves until they can be expended in furtherance of the charitable objectives.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation received a grant payment of £5,450,000 in the year from the Science Museum Group, exclusively for the furtherance of the charitable objectives of that organisation. No grants were received in 2023-24.
“In 2022-23, the Foundation received a grant payment of £5,450,000 in the year from the Science Museum Group, exclusively for the furtherance of the charitable objectives of that organisation. No grants were received in 2023-24.” — page 24
“In 2023-24, SMG charged £7,710 (2023: £7,110) for provision to the Foundation of accountancy and administrative services and fundraising support.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: SMG charged £7,710 for provision to the Foundation of accountancy and administrative services and fundraising support.
“In 2022-23, the Foundation received a grant payment of £5,450,000 in the year from the Science Museum Group, exclusively for the furtherance of the charitable objectives of that organisation. No grants were received in 2023-24.” — page 24
“In 2023-24, SMG charged £7,710 (2023: £7,110) for provision to the Foundation of accountancy and administrative services and fundraising support.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: A grant of £1,422,289 was made for the Delivering Digital project, with £239,524 paid in the year.
“In 2022-23, the Foundation received a grant payment of £5,450,000 in the year from the Science Museum Group, exclusively for the furtherance of the charitable objectives of that organisation. No grants were received in 2023-24.” — page 24
“In 2023-24, SMG charged £7,710 (2023: £7,110) for provision to the Foundation of accountancy and administrative services and fundraising support.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.0m
Total spending
£3.7m
Cost of raising funds
£167k
Reserves (reported)
£665k
Employees
0
Trustees
- Alex Stitt
- Bridget Natalie Blyth
- Carl Wesley Stewart
- DR BOB COWELL
- David James Bennett
- David Joseph Jacob
- Natasha Kaplinsky
- Nicole Ronson Allalouf
- Simon Reid
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.0m | £3.7m |
| 31/03/2024 | £931k | £8.4m |
| 31/03/2023 | £5.9m | £1.6m |
| 31/03/2022 | £295k | £60k |
| 31/03/2021 | £604k | £139k |
Common questions
Is SCIENCE MUSEUM FOUNDATION financially healthy?
The accounts state that the charity held total funds of £36.5m at the year end, with unrestricted reserves of £0.7m. The trustees consider this level of funds appropriate given known and likely future requests for support, and the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GARFIELD WESTON FOUNDATION | 1 | £3.0m |