NML FOUNDATION

Registered charity 1150493 · accounts filings on the Charity Commission register · also known as NMLF

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.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Grant history (this charity is a funder) · Get email alerts

Registered contact address: Liverpool, North West, England (from the postcode on the register)

Latest income
£221k
Latest spending
£588k
Registered
2013
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient to enable the charity to continue its current activities in the event of a reduction in funding (reserves figure: £8.5m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant to National Museums Liverpool
“During the financial period a grant of £574,604 was made to National Museums Liverpool (2024:1,055,000)” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by DSG Audit. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

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).

Due and received dates as recorded in the Commission’s annual-return data; the data does not say whether an extension was agreed. Source: this charity’s annual returns on the Charity Commission register.

Structured financials (annual return, FY ending 31/03/2024)

Total income
£3.1m
Total spending
£1.1m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Knowsley · Liverpool City · Sefton · St Helens · Wirral

Income and spending

Financial year endIncomeSpending
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

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with NATIONAL MARITIME MUSEUM CORNWALL TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NML FOUNDATION£221k—0above—no doubt
NATIONAL MARITIME MUSEUM CORNWALL TRUST FY2025£2.4m£80,001 - £90,000—unclear—no doubt
THE NATIONAL GALLERY TRUST FY2025£8.4m—0unclear—no doubt
GLENSIDE HOSPITAL MUSEUM FY2026£51k—0unclear—no doubt
NAUTICAL MUSEUMS TRUST LIMITED FY2025£107k—0above—no doubt
MARGARET MCMILLAN LIMITED FY2025£843k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.