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.
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
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 | £6.0m |
| GARFIELD WESTON FOUNDATION | 2 | £3.3m |
| KUSUMA TRUST UK | 2 | £1.1m |
| The SVH Foundation | 1 | £8.2m |
| THE ROTHSCHILD FOUNDATION | 1 | £1.3m |
| PRISM THE GIFT FUND | 1 | £1.0m |
| THE JULIA RAUSING TRUST | 1 | £761k |
| LONDON TRANSPORT MUSEUM FRIENDS | 1 | £639k |
Charities like this
- ROYAL MUSEUMS GREENWICH FOUNDATION
- MERSEY CARE NHS FOUNDATION TRUST CHARITY
- THE HORNIMAN PUBLIC MUSEUM AND PUBLIC PARK TRUST
- LONDON TRANSPORT MUSEUM LIMITED
- THE NATIONAL GALLERY TRUST
- The SVH Foundation
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 |
| ROYAL MUSEUMS GREENWICH FOUNDATION | £492k | — | 0 | unclear | — | no doubt |
| MERSEY CARE NHS FOUNDATION TRUST CHARITY | £123k | — | 0 | unclear | — | no doubt |
| THE HORNIMAN PUBLIC MUSEUM AND PUBLIC PARK TRUST | £10.4m | £120,001 - £130,000 | 4 | unclear | — | no doubt |
| LONDON TRANSPORT MUSEUM LIMITED | £19.9m | — | — | unclear | — | no doubt |
| THE NATIONAL GALLERY TRUST | £8.4m | — | 0 | unclear | — | no doubt |