THE SIR MAX AITKEN MUSEUM
The charity maintains and manages its funds in order to to ensure that the collection in the Museum is maintained in immaculate condition and is accessible to all. The charity seeks to maintain the properties in their ownership in the best possible order.
Objects
(A) TO PRESERVE AND MAINTAIN FOR THE BENEFIT OF THE PUBLIC THE PROPERTY KNOWN AS "THE PROSPECT" 83 HIGH STREET, COWES, AND TO MAKE KNOWN THROUGH PUBLICATIONS EXHIBITIONS LECTURES AND OTHER MEANS ITS HISTORICAL AND NAUTICAL INTEREST AND ASSOCIATIONS.(B) TO ESTABLISH A MUSEUM FOR THE BENEFIT OF THE PUBLIC, AND TO MAKE AVAILABLE FOR RESEARCH AND EDUCATION ITEMS OF NAUTICAL AND LOCAL HISTORICAL INTEREST AND TO PRESERVE THE SAME COLLECTIONS.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net deficit of £12,293 for the year ended 30 September 2025, compared to a surplus in the prior year. Free reserves stood at £987,872 at year-end, which the trustees describe as providing a financial underpin to meet normal annual expenditure. Investment assets increased in value to £966,845, contributing to the overall asset base.
What the accounts disclose
“The level of free reserves at the end of the financial year is £987,872 (2024 - £938,725). Free reserves are defined as unrestricted funds, less any designated funds, and those assets tied up in property and equipment. The reserves provide a financial underpin to ensure that the income from the investments, together with the rents and museum hire, is sufficient to meet the normal annual expenditure, whilst providing funds to maintain the assets of the Trust.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- CHRISTOPHER GUTHRIE LITTLEchair
- Graham James Bailey
- ROBERT MORRIS BICKET
- Richard Ian Powell
- Richard Oliver Danvers Power
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £113k | £125k |
| 30/09/2024 | £145k | £128k |
| 30/09/2023 | £83k | £79k |
| 30/09/2022 | £68k | £86k |
| 30/09/2021 | £128k | £112k |
Common questions
Is THE SIR MAX AITKEN MUSEUM financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net deficit of £12,293 for the year ended 30 September 2025, compared to a surplus in the prior year. Free reserves stood at £987,872 at year-end, which the trustees describe as providing a financial underpin to meet normal annual expenditure. Investment assets increased in value to £966,845, contributing to the overall asset base. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 2 | £171k |
| THE FINNIS SCOTT FOUNDATION | 2 | £11k |
| ASSOCIATION OF INDEPENDENT MUSEUMS | 2 | £2k |
| THE JULIA RAUSING TRUST | 1 | £900k |
| LONDON TRANSPORT MUSEUM FRIENDS | 1 | £822k |
| The Ethos Foundation | 1 | £526k |
| THE FOYLE FOUNDATION | 1 | £500k |
| THE HEADLEY TRUST | 1 | £450k |
Charities like this
- LONDON TRANSPORT MUSEUM LIMITED
- THE FOUNDLING MUSEUM
- HEUGH GUN BATTERY TRUST LIMITED
- The Attingham Trust for the Study of Historic Houses and Collections in Britain.
- GEFEN FOUNDATION
- ROYSTON MUSEUM TRUST CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SIR MAX AITKEN MUSEUM | £113k | — | 0 | above | — | no doubt |
| LONDON TRANSPORT MUSEUM LIMITED | £19.9m | — | — | unclear | — | no doubt |
| THE FOUNDLING MUSEUM | £2.0m | unclear | — | within | — | no doubt |
| HEUGH GUN BATTERY TRUST LIMITED | £174k | — | 0 | below | — | no doubt |
| The Attingham Trust for the Study of Historic Houses and Collections in Britain. | £973k | — | 0 | above | — | no doubt |
| GEFEN FOUNDATION | £373k | — | 0 | unclear | — | no doubt |