NMRN OPERATIONS
To support the work of the National Museum of the Royal Navy
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.
What the accounts disclose
“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
“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
Leadership, per the charity’s website
- Sir Philip Jones — Chair
- Sarah Dennis — Executive Director
- Andrew Baines — Executive Director
- Helen McKenna Aspell — Associate Executive Director
- Emma Allen — Associate Executive Director
- Lyn Andrews — Associate Executive Director
- Charlotte Stone — Associate Executive Director
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- RICHARD HATFIELD CBEchair
- Christopher Mark Pemberton
- Jane Dean
- Kathleen Janet Barnes
- Matthew Sheldon
- Michael James Bedingfield DL
- Rear ADMIRAL Jonathan Pentreath
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| HMS VICTORY PRESERVATION ENDOWMENT FUND | FY2023 | £7.8m | Grant to NMRN Operations (Charity 1169061) |
| HMS VICTORY PRESERVATION ENDOWMENT FUND | FY2025 | £2.6m | Grants to NMRN Operations to fund its work on HMS Victory |
| HMS VICTORY PRESERVATION ENDOWMENT FUND | FY2024 | £1.1m | Grant to NMRN Operations (Charity 1169061) |
| HMS VICTORY PRESERVATION ENDOWMENT FUND | FY2022 | £275k | Grant to NMRN Operations |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JORDAN CHARITABLE FOUNDATION | 1 | £1.4m |
| THE BRITISH DIABETIC ASSOCIATION | 1 | £1.2m |
| THE LORD MAYOR'S APPEAL | 1 | £1.0m |
| BRITISH HEART FOUNDATION | 1 | £600k |
| ARMED FORCES COVENANT FUND | 1 | £384k |
| Arthritis UK | 1 | £316k |
| SOCIETY FOR NAUTICAL RESEARCH | 1 | £300k |
| Vivensa Foundation | 1 | £114k |
Charities like this
- THE ROYAL NAVY AND ROYAL MARINES CHARITY
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- ROYAL NAVY MUSEUMS
- FLY NAVY HERITAGE TRUST LIMITED
- ROYAL NAVY WINTER SPORTS ASSOCIATION
- NATIONAL NUMERACY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NMRN OPERATIONS | £21.5m | — | — | unclear | — | no doubt |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | £13.7m | — | — | unclear | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |
| ROYAL NAVY MUSEUMS | £19.7m | — | — | unclear | — | no doubt |
| FLY NAVY HERITAGE TRUST LIMITED | £2.5m | — | — | unclear | — | no doubt |
| ROYAL NAVY WINTER SPORTS ASSOCIATION | £700k | — | 0 | unclear | — | no doubt |