Finance Score: -3
Governance Score: 9
Support Score: 10
  • Liabilities <10%: +3
  • Excess liquidity: -1
  • Strong growth: +2
  • Multiple Deficits: -2
  • Fundraising costs high: -5
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +10
Overall GiG Score: 16 ?

LONDON TRANSPORT MUSEUM LIMITED

- Education and engagement activities via on site and out reach programmes.- Access and museum operations including permanent displays, special events and online resources.- Heritage and collections including the preservation, management, research and acquisition of transport related objects and information, heritage vehicle outings and a programme of talks and events.
Analysis by Giving is Great

Positives:

  • This charity has a robust balance sheet
  • There has been strong growth in spending over the last 5 years
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

  • Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
  • On several occasions in recent years income has been less than spending
  • Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/24£19,796£19,063£733£6,323£29,464£28,17217.7148185
31/03/23£17,170£16,201£969£5,729£28,723£27,72620.5122185
31/03/22£15,405£14,516£889£4,600£27,754£26,98222.3108251
31/03/21£11,693£12,729£-1,036£3,745£26,865£26,11324.610671
31/03/20?£15,951£16,064£-113£4,453£27,901£27,14720.3105350
31/03/18*£14,207£15,462£-1,255£4,140£29,954£29,31622.8970
31/03/17*£16,359£16,669£-310£4,542£31,209£30,43721.9950
31/03/16£15,599£15,857£-258£4,254£31,519£30,69123.2940
31/03/15£15,095£13,862£1,233£3,913£31,875£31,00726.8900
31/03/14£15,492£14,430£1,062£4,022£30,642£29,79524.8910
31/03/13£14,661£13,544£1,117£3,351£29,580£28,73825.5930
31/03/12£12,778£13,903£-1,125£2,859£28,463£28,43324.5980
31/03/11£12,761£12,581£180£2,540£29,588£29,49528.11020
31/03/10£12,405£11,301£1,104£2,488£29,408£29,37931.21040
31/03/09*£41,132£12,828£28,304£2,440£28,304£28,25926.41080

Financial Ratios
Fundraising Costs/Relevant Income: 52.7%
Fundraising Costs/Total Spending: 33.2%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 10%
Liabilities/Income: 16%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 17.7 months
Net Current Assets/Spending: 6 months
Quick Ratio: 3.2
Asset Split ?
Balance Sheet History
Established: 17 years

www.ltmuseum.co.uk

enquiry@ltmuseum.co.uk

0343 222 5000

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
  • Education/Training
  • Environment/Conservation/Heritage
GiG Classification
  • Museums, parks, historical sites
How it operates
  • Other charitable activities
  • Provides services
Where it operates
  • Throughout London,
Who it helps
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years
DCMS£727,093
National Lottery Heritage Fund£342,564
Wolfson Foundation£150,000
Charles Hayward Foundation£27,000
Specific Donations
Amount When
Months
To be used for
National Lottery Heritage Fund - Grant to London Transport Museum Limited
£74,930 27/09/2023
#Innovate Sustaining Heritage Engineering Skills
National Lottery Heritage Fund - Grant to London Transport Museum Limited
£242,742 24/03/2023
#DYC Acton Access – Phase 1
National Lottery Heritage Fund - Grant to London Transport Museum Limited
£24,892 20/12/2022
Explore: London Transport Museum
Wolfson Foundation - Grant to London Transport Museum, Covent Garden
£150,000 07/12/2022
New national poster gallery
DCMS - Museum Estate and Development fund
£277,093 09/02/2022
This is an open-access capital fund targeted at non-national Accredited museums and local authorities based in England to apply for funding to undertake vital infrastructure and urgent maintenance backlogs which are beyond the scope of day-to-day ....more
DCMS - Culture Recovery Fund: Continuity Support
£450,000 27/10/2021
To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a ....more
Charles Hayward Foundation - Grant to London Transport Museum
£27,000 27/11/2020
Redevelopment of London's Transport at War Gallery
DCMS - London Transport Museum NPO Application
£249,000 01/04/2019
£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
DCMS - London's Transport at War ' bringing the story to life
£82,500 01/04/2019
The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of ....more
National Lottery Heritage Fund - Grant to London Transport Museum
£145,600 02/10/2018
Saving Gert & Daisy: Clapham South deep level shelter & Rotunda preservation and re-use project
ARTS COUNCIL ENGLAND - NPO 2018-22: Band 1
£249,000 01/04/2018
11
National portfolio organisation- are leaders in their areas, with a collective responsibility to protect and develop our national arts and cultural ecology.
DCMS - London Transport Museum NPO Application
£249,000 01/04/2018
London Transport Museum NPO Application
DCMS - London Transport Museum NPO Application
£62,250 01/04/2018
To support London Transport Museum NPO Application
DCMS - DCMS/Wolfson Museums and Galleries Improvement Fund
£75,000 01/04/2017
The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of ....more
National Lottery Heritage Fund - Grant to London Transport Museum
£93,600 01/09/2016
Celebrating Britain's Transport Textile
National Lottery Heritage Fund - Grant to London Transport Museum
£84,600 05/03/2014
Johnston Journeys - an integrated programme of collection development and volunteering
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)
Current Trustees appointed
Gender Split
Based on 9/10 persons

Age Range of Trustees: 47-74
  • ANDREW JONATHAN SMITH Appointed: 2017, Occupation: Partner
  • CHRISTINE MAJOR Appointed: 2021, Occupation: Ceo
  • ELIZABETH MCKAY Appointed: 2023, Occupation: Heritage Learning Professional
  • LILLI MATSON Appointed: 2022, Occupation: Company Director
  • MR KEITH LUDEMAN (Chair) Appointed: 2014, Occupation: Director
  • MARCUS ARTHUR Appointed: 2018, Occupation: Director
  • OBINNA VINCENT NWOFOR Appointed: 2021, Occupation: Senior Operating Officer
  • PAMELA ELIZABETH ROSSER Appointed: 2020, Occupation: Digital Commerce Consultant
  • WILLIAM STEPHEN FERRIS Appointed: 2020, Occupation: Director
  • WINSOME HULL Appointed: 2020, Occupation: Business Strategy
Legal constitution
  • Charitable company registered in England & Wales on 07/03/2008, number: 1123122
  • Registered at Companies House on 06/02/2008, number: 06495761
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
15 returns made; AR18: 1 days late, AR17: 2 days late, AR09: 18 days late,
Main office

LONDON TRANSPORT MUSEUM
39 WELLINGTON STREET
LONDON
WC2E 7BB

Objectives

THE OBJECTS OF THE CHARITY ARE TO ADVANCE THE HERITAGE OF TRANSPORT IN LONDON AND TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF TRANSPORT IN LONDON THROUGH THE PROVISION, OPERATION AND MAINTENANCE OF A TRANSPORT MUSEUM FOR THE PUBLIC BENEFIT AND TO EDUCATE THE PUBLIC ABOUT THE ROLE OF TRANSPORT IN THE LIFE AND WORK OF LONDON, PAST. PRESENT AND FUTURE

Defined Area of Benefit:

LONDON

Data Sources

Charity Commission for England and Wales
360 Giving

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