NMRN OPERATIONS

Registered charity 1169061 · accounts filings on the Charity Commission register

To support the work of the National Museum of the Royal Navy

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · Armed Forces/emergency Service Efficiency · website · Get email alerts

Latest income
£21.5m
Latest spending
£19.3m
Registered
2016
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total incoming resources increased to £21,524,894, while total resources expended were £19,323,768, resulting in a net movement in funds of £2,662,255. The Trustees report that free reserves stood at £4,851,000, which is below the stated policy target of £6,950,000, though the charity remains in a position to continue as a going concern with adequate resources.

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

What the accounts disclose

Related-party transaction: Grant funding from parent company
“NMRN Operations receives grant funding from the National Museum which is separately disclosed in Note 2. Control is exercised by the National Museum being the corporate member of NMRN Operations.”
“PHD Operations Limited is responsible for the collection and distribution of ticketing income for the two members. The company contributes towards the services provided. During the year the net contribution totaled £232,755” — page 45
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Joint venture services
“NMRN Operations receives grant funding from the National Museum which is separately disclosed in Note 2. Control is exercised by the National Museum being the corporate member of NMRN Operations.”
“PHD Operations Limited is responsible for the collection and distribution of ticketing income for the two members. The company contributes towards the services provided. During the year the net contribution totaled £232,755” — page 45
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP. Discloses 3 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

11 registered titles in England and Wales held by the charity’s company or corporate body (7 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£21.5m
Total spending
£19.3m
Cost of raising funds
£2.9m
Reserves (reported)
£4.9m
Employees
0

Reported reserves equal ~3.0 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (57% 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: 13.3% of total income — above the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

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

Operates in: Northern Ireland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£21.5m£19.3m
31/03/2024£18.4m£19.1m
31/03/2023£28.3m£18.0m
31/03/2022£13.7m£14.7m
31/03/2021£16.5m£13.3m

Common questions

Is NMRN OPERATIONS financially healthy?

Per its FY2025 accounts: The accounts state that total incoming resources increased to £21,524,894, while total resources expended were £19,323,768, resulting in a net movement in funds of £2,662,255. The Trustees report that free reserves stood at £4,851,000, which is below the stated policy target of £6,950,000, though the charity remains in a position to continue as a going concern with adequate resources. Its FY2025 accounts were audited by Price Bailey LLP.

Who funds NMRN OPERATIONS?

Funders whose own accounts filings name NMRN OPERATIONS as a grant recipient include HMS VICTORY PRESERVATION ENDOWMENT FUND.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
HMS VICTORY PRESERVATION ENDOWMENT FUNDFY2023£7.8mGrant to NMRN Operations (Charity 1169061)
HMS VICTORY PRESERVATION ENDOWMENT FUNDFY2025£2.6mGrants to NMRN Operations to fund its work on HMS Victory
HMS VICTORY PRESERVATION ENDOWMENT FUNDFY2024£1.1mGrant to NMRN Operations (Charity 1169061)
HMS VICTORY PRESERVATION ENDOWMENT FUNDFY2022£275kGrant to NMRN Operations

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 THE ROYAL NAVY AND ROYAL MARINES CHARITY.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NMRN OPERATIONS£21.5m——unclear—no doubt
THE ROYAL NAVY AND ROYAL MARINES CHARITY FY2024£13.7m——unclear—no doubt
NATIONAL MARITIME MUSEUM CORNWALL TRUST FY2025£2.4m£80,001 - £90,000—unclear—no doubt
ROYAL NAVY MUSEUMS FY2025£19.7m——unclear—no doubt
FLY NAVY HERITAGE TRUST LIMITED FY2024£2.5m——unclear—no doubt
ROYAL NAVY WINTER SPORTS ASSOCIATION FY2025£700k—0unclear—no doubt

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