THE HOVERCRAFT MUSEUM CIO

Registered charity 1198896 · accounts filings on the Charity Commission register · also known as THE HOVERCRAFT MUSEUM.

The Hovercraft Museum Trust is the worlds only hovercraft museum and through its iconic exhibits tells the ongoing story of the hovercraft in a way that inspires, educates, and provides enjoyment to the public and society in general at its home on a transport heritage site in Lee on the Solent, Hampshire.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£61k
Latest spending
£68k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure deficit of £6,532 for the year ended 31 December 2024, with total income of £61,330 and total expenditure of £67,862. The trustees note that reserves remain sufficient to absorb unforeseen expenses and that the underlying business model is currently sustainable, although they recognize the need to generate a larger surplus to achieve long-term aims. The charity's policy is to hold sufficient reserves to enable it to withstand a financial setback or take advantage of an opportunity.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months operations (held: £56k)
The charity will keep sufficient reserves to cover six months operations. — page 12
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

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

Operates in: Hampshire · Isle Of Wight

Income and spending

Financial year endIncomeSpending
31/12/2024£61k£68k
31/12/2023£63k£0
30/06/2023£0£0

Common questions

Is THE HOVERCRAFT MUSEUM CIO financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £6,532 for the year ended 31 December 2024, with total income of £61,330 and total expenditure of £67,862. The trustees note that reserves remain sufficient to absorb unforeseen expenses and that the underlying business model is currently sustainable, although they recognize the need to generate a larger surplus to achieve long-term aims. The charity's policy is to hold sufficient reserves to enable it to withstand a financial setback or take advantage of an opportunity. Its FY2024 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund02/04/2025£116k"First steps in securing the future of the Hovercraft Museum"