IRONBRIDGE GORGE MUSEUM TRUST LIMITED
The principal activities of the Trust are the preservation of historic properties and the development and management, as an educational charity, of Museums relating to the industrial, social and economic history of the Ironbridge Gorge World Heritage Site and related areas, with particular reference to the Industrial Revolution.
Objects
THE OBJECTS OF THE TRUST SHALL BE TO PROMOTE:(A) THE PERMANENT PRESERVATION FOR THE BENEFIT OF THE NATION OF LANDS AND TENEMENTS (INCLUDING BUILDINGS) OF BEAUTY OR HISTORIC INTEREST AND AS REGARDS LANDS FOR THE PRESERVATION (SO FAR AS PRACTICABLE) OF THEIR NATURAL ASPECT FEATURES AND ANIMAL AND PLANT LIFE;(B) THE PRESERVATION OF BUILDINGS OF NATIONAL INTEREST OR ARCHITECTURAL HISTORIC OR ARTISTIC INTEREST AND PLACES OF NATURAL INTEREST OR BEAUTY AND THE PROTECTION AND AUGMENTATION OF THE AMENITIES OF SUCH BUILDINGS AND PLACES AND THEIR SURROUNDINGS;(C) THE PRESERVATION OF FURNITURE AND PICTURES AND CHATTELS OF ANY DESCRIPTION HAVING NATIONAL OR HISTORIC OR ARTISTIC INTEREST; AND(D) THE ACCESS TO AND ENJOYMENT OF SUCH BUILDINGS PLACES AND CHATTELS BY THE PUBLIC.
Financial health, per its FY2024 accounts
The accounts state that the Trust reported an unrestricted surplus of £1,257,992 for the year, though this included transfers from restricted and endowment funds to repay borrowing. Per the trustees' report, free reserves were in deficit by £1,198,900, and the Trust is heavily reliant on visitor income which has not returned to pre-pandemic levels. The Trustees are in advanced discussions to transfer the Trust's operations to a large heritage charity, which has led to a material uncertainty regarding going concern.
What the accounts disclose
“Trustees feel that reserves equivalent to 6 months of core expenditure or £3m is desirable.” — page 15
“These events indicate that a material uncertainty exists that may cast significant doubt on the Trust's ability to continue as a Going Concern.” — page 23
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → material uncertainty (FY2024).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 320
- Government income: £2,431,837 — grants £2,431,837 (5); 26% of the £9,194,747 total gross income on the same return
- Employees paid over £60,000: 3 (£60,001–£70,000: 2; £80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 210
- Government income: £7,219,756 — grants £7,219,756 (6); 54% of the £13,375,091 total gross income on the same return
- Employees paid over £60,000: 2 (£70,001–£80,000: 1; £80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2022
- Volunteers: 185
- Government income: £1,209,689 — grants £1,209,689 (4); 12% of the £10,135,727 total gross income on the same return
- Employees paid over £60,000: 2 (£70,001–£80,000: 1; £80,001–£90,000: 1)
- Has a trading subsidiary
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (15/06/2023)
- Received assets from another charity (08/02/2014)
- Received assets from another charity (16/11/2012)
Trustees
- BETH HELEN FOSTER
- Christopher Brook Walker
- Christopher Mark Pemberton
- David Anthony Brammer
- Dr Elizabeth Nicholson
- Eleanor Catherine Appleby
- HOWARD TREVOR THORNE
- Jennifer Anne Francis
- Karen MacKenzie
- Michael Peter Kirk
- Rupert Kenyon-Slaney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £9.2m | £9.6m |
| 31/12/2023 | £13.4m | £9.3m |
| 31/12/2022 | £10.1m | £13.5m |
| 31/12/2021 | £8.9m | £7.7m |
| 31/12/2020 | £7.3m | £6.5m |
Common questions
Is IRONBRIDGE GORGE MUSEUM TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the Trust reported an unrestricted surplus of £1,257,992 for the year, though this included transfers from restricted and endowment funds to repay borrowing. Per the trustees' report, free reserves were in deficit by £1,198,900, and the Trust is heavily reliant on visitor income which has not returned to pre-pandemic levels. The Trustees are in advanced discussions to transfer the Trust's operations to a large heritage charity, which has led to a material uncertainty regarding going concern. Its FY2024 accounts were audited by WR Partners.
Who funds IRONBRIDGE GORGE MUSEUM TRUST LIMITED?
Funders whose own accounts filings name IRONBRIDGE GORGE MUSEUM TRUST LIMITED as a grant recipient include THE HEADLEY TRUST, THE EDWARD CADBURY CHARITABLE TRUST, THE SACKLER TRUST, THE KIRBY LAING FOUNDATION, THE GEORGE CADBURY TRUST (EDWARD CADBURY SECTION).
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2024 | £3k | Reviewing Collection of Nationally Designated Industrial Sites Preserved |
| UK government | 01/04/2024 | £30k | National Capacity Building: Industrial Heritage Support Officer (IHSO) |
| UK government | 01/04/2024 | £2k | Everyday Heritage - Celebrating the workers of the Ironbridge Gorge |
| The National Lottery Heritage Fund | 27/04/2023 | £678k | "IGMT Building Resilience" |
| The National Lottery Heritage Fund | 15/12/2022 | £250k | "Maintaining Ironbridge" |
| UK government | 14/03/2022 | £33k | ALB-Historic England-Industrial Heritage Support Officer (IHSO) |
| UK government | 09/02/2022 | £1.1m | Museum Estate and Development fund |
| The National Lottery Heritage Fund | 24/03/2020 | £100k | "Recovering from Ironbridge Flooding" |
| The National Lottery Heritage Fund | 22/11/2019 | £100k | "Reinvigorating Ironbridge Gorge Museums" |
| UK government | 01/04/2019 | £736k | Ironbridge Gorge Museum Trust |
| UK government | 01/04/2019 | £308k | West Midlands Museum Development |
| UK government | 01/04/2018 | £77k | West Midlands Museum Development |
| UK government | 01/04/2018 | £736k | Ironbridge Gorge Museum Trust |
| UK government | 01/04/2018 | £55k | ALB-HistoricEngland-Industrial Heritage Support Officer (IHSO) |
| UK government | 01/04/2018 | £184k | Ironbridge Gorge Museum Trust |
| UK government | 01/04/2018 | £308k | West Midlands Museum Development |
| UK government | 08/06/2017 | £313k | National Portfolio Organisations |
| UK government | 08/06/2017 | £750k | National Portfolio Organisations |
| The National Lottery Heritage Fund | 20/03/2017 | £1.1m | "Conserving the Coalbrookdale Landscape" |
| The National Lottery Heritage Fund | 22/05/2009 | £50k | "Coalbrookdale 2009 - Lifelong Learning Programme" |
| The National Lottery Heritage Fund | 21/06/2005 | £328k | "The Coalbrookdale Literary & Scientific Institute" |
| The National Lottery Heritage Fund | 23/03/2004 | £2.0m | "Jackfield Tile Museum & Factory - Phase III" |
| The National Lottery Heritage Fund | 17/03/1999 | £2.0m | "Jackfield Tile Museum & Factory" |
| The National Lottery Heritage Fund | 17/03/1999 | £4.0m | "Coalbrookdale Project" |
| The National Lottery Heritage Fund | 07/05/1997 | £31k | "Coalbrookdale Project: Development Study" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NINEVEH CHARITABLE TRUST | 1 | £7k |
| THE FREDDIE GREEN AND FAMILY CHARITABLE FOUNDATION | 1 | £5k |
| THE IAN FLEMING CHARITABLE TRUST | 1 | £1k |
Charities like this
- FRIENDS OF THE IRONBRIDGE GORGE MUSEUM
- THE IRON BRIDGE TRUST
- THE GUNNERSBURY MUSEUM AND PARK DEVELOPMENT TRUST
- THE IHR TRUST
- THE STONEBRIDGE TRUST
- GODALMING MUSEUM TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| IRONBRIDGE GORGE MUSEUM TRUST LIMITED | £9.2m | — | — | unclear | — | material uncertainty |
| FRIENDS OF THE IRONBRIDGE GORGE MUSEUM | £36k | — | 0 | below | — | not going concern |
| THE IRON BRIDGE TRUST | £380k | — | — | above | — | no doubt |
| THE GUNNERSBURY MUSEUM AND PARK DEVELOPMENT TRUST | £2.5m | £90,000 - £99,999 | 1 | below | — | no doubt |
| THE IHR TRUST | £195k | — | 0 | unclear | — | no doubt |
| THE STONEBRIDGE TRUST | £322k | — | 0 | unclear | — | no doubt |