Finance Score: 1

Governance Score: 8

Support Score: 3

Poor Liquidity: -1
Reasonable growth: +1
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 12

THE BRITISH MUSEUM FRIENDS

To support and assist the British Museum in maintaining and expanding its collections and services to scholars and to the general public.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 20 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£6,118	£9,115	£-2,997	£1	£1,984	£1,984	2.6	0	14
31/03/22		£8,003	£8,559	£-556	£19	£4,981	£4,981	7	0	3
31/03/21		£5,083	£1,356	£3,727	£0	£5,537	£5,537	49	0	0
31/03/20		£5,462	£5,832	£-370	£8	£1,809	£1,809	3.7	21	20
31/03/19		£5,713	£5,658	£54	£2	£2,180	£2,180	4.6	0	24
31/03/18		£6,754	£6,319	£435	£14	£2,125	£2,125	4	13	0
31/03/17		£5,156	£5,359	£-204	£21	£1,691	£1,691	3.8	13	0
31/03/16		£4,922	£4,662	£260	£17	£1,894	£1,894	4.9	13	0
31/03/15		£4,936	£4,970	£-34	£31	£1,637	£1,637	4	0	0
31/03/14		£4,860	£3,816	£1,044	£75	£1,671	£1,671	5.3	0	0
31/03/13		£2,826	£3,722	£-896	£111	£627	£627	2	0	0
31/03/12	*	£2,352	£2,525	£-174	£82	£1,523	£1,499	7.1	0	0
31/03/11		£1,952	£1,074	£878	£80	£1,697	£1,684	18.8	0	0
31/03/10		£1,561	£1,308	£253	£78	£2,566	£2,557	23.5	0	0
31/03/09	*	£1,408	£996	£412	£72	£2,159	£2,159	26	0	0
31/03/08		£1,351	£1,029	£321	£74	£2,055	£440	5.1	8	0
31/03/07	*	£927	£674	£253	£93	£1,910	£1,910	34	10	0
31/03/06	*	£843	£985	£-142	£0	£0	£0	n/a	0	0
31/03/05	*	£1,160	£1,193	£-34	£0	£0	£0	n/a	0	0
31/03/04	*	£1,110	£1,270	£-161	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 64%
Liabilities/Income: 57%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.6 months
Net Current Assets/Spending: 3 months
Quick Ratio: 0.4

Asset Split ?

Established: 23 years

http://www.britishmuseum.org/membership.aspx

friends@britishmuseum.org

020 7323 8000

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Museums, parks, historical sites

How it operates

Makes Grants to Organisations
Provides human resources
Sponsors or undertakes research

Where it operates

Camden,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

Unknown number of employees
14 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
LUND TRUST - Towards core costs
£2,250	01/02/2021	Towards core costs
ARCADIA - Endangered Material Knowledge Programme
£11,075,680	15/01/2021	To support a grants programme to document endangered cultural practices, focusing on material culture, namely how things are made and how they are used. The digitized materials are available for free ....more To support a grants programme to document endangered cultural practices, focusing on material culture, namely how things are made and how they are used. The digitized materials are available for free online.
ARCADIA - Endangered Material Knowledge Programme
£2,295,782	01/05/2018	To establish a grants programme to document endangered cultural practices, focusing on material culture, namely how things are made and how they are used. The digitized materials are available for ....more To establish a grants programme to document endangered cultural practices, focusing on material culture, namely how things are made and how they are used. The digitized materials are available for free online.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (20)

Current Trustees appointed

Gender Split

Based on 17/20 persons

Age Range of Trustees: 45-71

WEIJIAN SHAN Appointed: 2022, Occupation: Asset Manager

ALEJANDRO SANTO DOMINGO Appointed: 2022

DR NEMAT SHAFIK Appointed: 2016, Occupation: Deputy Governor, Bank Of England

GEORGE OSBORNE (Chair) Appointed: 2021, Occupation: Partner At A Boutique Investment Bank

LORD JONATHAN PETER MARLAND OF ODSTOCK Appointed: 2021

PRIYANKA WADHAWAN Appointed: 2021, Occupation: Director, Amazon.Com

PROFESSOR ABHIJIT VINAYAK BANERJEE Appointed: 2021, Occupation: Professor Of Economics, Mit

CLARISSA MARY FARR Appointed: 2016, Occupation: Teacher

DR CHRISTOPHER HUGH GOSDEN Appointed: 2018, Occupation: University Lecturer, Other trusteeship: VALE OF WHITE HORSE & RIDGEWAY ARCHAEOLOGICAL & HISTORICAL TRUST,

ELIZABETH PAULINE LUCY CORLEY Appointed: 2016, Occupation: Vice Chair Investment

GEORGE GARFIELD WESTON Appointed: 2019, Occupation: Chief Executive

MARK ANDREW PEARS Appointed: 2017, Occupation: Managing Director, Other trusteeship: THE PEARS FAMILY CHARITABLE FOUNDATION,

PHILIPP MICHAEL HILDEBRAND Appointed: 2019, Occupation: Financier

PROFESSOR DAME WINIFRED MARY BEARD Appointed: 2020, Occupation: University Professor

PROFESSOR SARAH ELIZABETH WORTHINGTON Appointed: 2020, Occupation: University Academic

SIR ANDREW CHARLES MAYFIELD Appointed: 2018, Occupation: Chairman Of The John Lewis Partnership

SIR MARK JEREMY WALPORT Appointed: 2020, Occupation: Retired Public Servant, Other trusteeship: THE DAIWA ANGLO-JAPANESE FOUNDATION,

TRACEY KARIMA EMIN Appointed: 2023, Occupation: Artist, Other trusteeship: TRACEY EMIN FOUNDATION CIO,

DAME VIVIAN HUNT DBE Appointed: 2019, Occupation: Management Consultant, Other trusteeships: Royal Academy Trust, TEACH FIRST,

SIR PAUL RUDDOCK Appointed: 2016, Occupation: Consultant, Other trusteeship: THE SECOND HALF FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 09/04/2001, number: 1086080
Registered at Companies House on 29/12/2000, number: 04133346

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

20 returns made; AR12: 1 days late, AR09: 62 days late, AR07: 2 days late, AR06: 36 days late, AR05: 60 days late, AR04: 72 days late,

Main office

BRITISH MUSEUM
GREAT RUSSELL STREET
LONDON
WC1B 3DG

Objectives

THE OBJECTS OF THE FRIENDS ARE TO SUPPORT AND ASSIST THE BRITISH MUSEUM IN MAINTAINING AND EXPANDING ITS COLLECTIONS AND SERVICES TO SCHOLARS AND TO THE GENERAL PUBLIC AND TO ASSIST OTHER CHARITABLE MUSEUMS TO ANY EXTENT THAT IN THE OPINION OF THE FRIENDS MIGHT HELP THE BRITISH MUSEUM IN THE AFOREMENTIONED MANNER.

Defined Area of Benefit:

NOT DEFINED

Data Sources