NML FOUNDATION
To advance, in a manner which the trustees see fit, the charitable objects of The National Museums and Galleries on Merseyside (NMGM), and to advance the education of the public throughout the world in any manner conducive to, and compatible with the charitable objects of NMGM, without prejudice to the generality of the foregoing, in particular by widening participation in charitable education.
Objects
TO ADVANCE, IN ANY MANNER IN WHICH THE TRUSTEES OF THE CHARITY SEE FIT, THE CHARITABLE OBJECTS OF THE THE NATIONAL MUSEUMS AND GALLERIES ON MERSEYSIDE (AS MAY BE AMENDED FROM TIME TO TIME) AND TO ADVANCE THE EDUCATION OF THE PUBLIC THROUGHOUT THE WORLD IN ANY MANNER CONDUCIVE TO AND COMPATIBLE WITH THE CHARITABLE OBJECTS OF THE NATIONAL MUSEUMS AND GALLERIES ON MERSEYSIDE, WITHOUT PREJUDICE TO THE GENERALITY OF THE FORGOING IN PARTICULAR BY WIDENING PARTICIPATION IN CHARITABLE EDUCATION.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £366,519 for the year ended 31 March 2025, resulting in a decrease in unrestricted fund balances from £8,907,733 to £8,541,214. The trustees maintain that the level of reserves held is sufficient to enable the charity to continue its current activities, and the independent auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The charity currently has only minimal financial obligations and the trustees are of the opinion that the level of reserves held is sufficient to enable the charity to continue its current activities in the event of a reduction in funding.” — page 5
“During the financial period a grant of £574,604 was made to National Museums Liverpool (2024:1,055,000)” — page 5
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 2 were received after the due date: year ending 31/03/2023 (received 28/02/2024, 28 days after the 31/01/2024 due date); year ending 31/03/2021 (received 20/03/2022, 48 days after the 31/01/2022 due date).
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- PROF PHIL REDMOND CBEchair
- ANTHONY MICHAEL BAYLISS
- Dr Nicola Jayne Thorp
- MARK RUPERT FEENY
- Roger Nelson Phillips
- Sir David Henshaw
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £221k | £588k |
| 31/03/2024 | £3.1m | £1.1m |
| 31/03/2023 | £1.0m | £1.5m |
| 31/03/2022 | £3.0m | £2.0m |
| 31/03/2021 | £3.4m | £6k |
Common questions
Is NML FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £366,519 for the year ended 31 March 2025, resulting in a decrease in unrestricted fund balances from £8,907,733 to £8,541,214. The trustees maintain that the level of reserves held is sufficient to enable the charity to continue its current activities, and the independent auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by DSG Audit.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 2 | £6.8m |
| The SVH Foundation | 1 | £10.2m |
| PRISM THE GIFT FUND | 1 | £1.7m |
| THE ROTHSCHILD FOUNDATION | 1 | £1.3m |
| THE JULIA RAUSING TRUST | 1 | £761k |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £179k |
| THE VASEPPI TRUST | 1 | £150k |
| S P LOHIA FOUNDATION | 1 | £90k |
Charities like this
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- THE NATIONAL GALLERY TRUST
- GLENSIDE HOSPITAL MUSEUM
- NAUTICAL MUSEUMS TRUST LIMITED
- MARGARET MCMILLAN LIMITED
- THE MUSEUMS ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NML FOUNDATION | £221k | — | 0 | above | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |
| THE NATIONAL GALLERY TRUST | £8.4m | — | 0 | unclear | — | no doubt |
| GLENSIDE HOSPITAL MUSEUM | £51k | — | 0 | unclear | — | no doubt |
| NAUTICAL MUSEUMS TRUST LIMITED | £107k | — | 0 | above | — | no doubt |
| MARGARET MCMILLAN LIMITED | £843k | — | 0 | unclear | — | no doubt |