BRITISH MOTOR INDUSTRY HERITAGE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity delivered a consolidated net profit for the second consecutive year, with total income rising to £6.3 million against total expenditure of £6.4 million. The trustees confirm that free reserves of £2.3 million are within the stated policy thresholds, ensuring the charity can continue to operate for at least 12 months.
What the accounts disclose
“BMIHT is a charitable trust with a trading subsidiary, British Motor Industry Heritage Centre Limited (“BMIHC Ltd”).”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Joel Nicholas Kordanchair
- Adrian James Peter Managhan
- Jason Warren Levy
- Louise Rebecca Sinclair
- Paul Singleton
- Peter Armstrong
- Richard Charles Osborne Shore
- Satnam Kaur Rana-Grindley
- Stephen John Cropley
- Wayne Michael Robert Bruce
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.3m | £6.4m |
| 31/12/2023 | £6.0m | £5.9m |
| 31/12/2022 | £4.2m | £5.2m |
| 31/12/2021 | £3.2m | £4.4m |
| 31/12/2020 | £2.7m | £4.0m |
Common questions
Is BRITISH MOTOR INDUSTRY HERITAGE TRUST financially healthy?
The accounts state that the charity delivered a consolidated net profit for the second consecutive year, with total income rising to £6.3 million against total expenditure of £6.4 million. The trustees confirm that free reserves of £2.3 million are within the stated policy thresholds, ensuring the charity can continue to operate for at least 12 months. Its FY2024 accounts were audited by Forvis Mazars LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 28/01/2013 | £71k | "Aston Martin: A Century of Craftsmanship" |
| The National Lottery Heritage Fund | 20/09/2011 | £1.5m | "Multi-Story: Museum Collections Centre" |
| The National Lottery Heritage Fund | 17/11/2008 | £36k | "Land Rover Legacy" |
| The National Lottery Heritage Fund | 15/02/2007 | £8k | "A Project To Collaborate With Libraries Close To The Longbridge Site To Produce A Travelling Exhibition Consisting Of Ten Graphic Panels, Dv" |
| The National Lottery Heritage Fund | 13/06/2006 | £998k | "The Road Ahead: New exhibitions at the Heritage Motor Centre" |
| The National Lottery Heritage Fund | 02/09/2005 | £20k | "Driving Forward'" |
| The National Lottery Heritage Fund | 15/06/2004 | £569k | "Going Places': Bringing a private archive of the British motor industry (the Baldwin Collection) into the public domain and providing access" |