Finance Score: -5

Governance Score: 9

Support Score: 12

Liabilities <10%: +3
Excess liquidity: -1
Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +12

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
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 considerably 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	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£17,170	£16,201	£969	£5,729	£28,723	£27,726	20.5	122	185
31/03/22		£15,405	£14,516	£889	£4,600	£27,754	£26,982	22.3	108	251
31/03/21		£11,693	£12,729	£-1,036	£3,745	£26,865	£26,113	24.6	106	71
31/03/20		£15,951	£16,064	£-113	£4,453	£27,901	£27,147	20.3	105	350
31/03/19		£14,041	£15,913	£-1,872	£4,223	£28,014	£27,358	20.6	101	298
31/03/18	*	£14,207	£15,462	£-1,255	£4,140	£29,954	£29,316	22.8	97	0
31/03/17	*	£16,359	£16,669	£-310	£4,542	£31,209	£30,437	21.9	95	0
31/03/16		£15,599	£15,857	£-258	£4,254	£31,519	£30,691	23.2	94	0
31/03/15		£15,095	£13,862	£1,233	£3,913	£31,875	£31,007	26.8	90	0
31/03/14		£15,492	£14,430	£1,062	£4,022	£30,642	£29,795	24.8	91	0
31/03/13		£14,661	£13,544	£1,117	£3,351	£29,580	£28,738	25.5	93	0
31/03/12		£12,778	£13,903	£-1,125	£2,859	£28,463	£28,433	24.5	98	0
31/03/11		£12,761	£12,581	£180	£2,540	£29,588	£29,495	28.1	102	0
31/03/10		£12,405	£11,301	£1,104	£2,488	£29,408	£29,379	31.2	104	0
31/03/09	*	£41,132	£12,828	£28,304	£2,440	£28,304	£28,259	26.4	108	0

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Financial Ratios

Fundraising Costs/Relevant Income: 55.5%
Fundraising Costs/Total Spending: 35.4%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 8%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 97%
Reserves/Spending: 20.5 months
Net Current Assets/Spending: 7 months
Quick Ratio: 3.8

Asset Split ?

Established: 16 years

www.ltmuseum.co.uk

enquiry@ltmuseum.co.uk

0343 222 5000

Charity Commission for England and Wales

Tweets

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 works here?

122 employees
185 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.

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
Wolfson Foundation - Grant to London Transport Museum, Covent Garden
£0	07/12/2022	'LTM Lab'. Grant of £40,000 under DCMS Wolfson Museums and Galleries Improvement Fund (round 14, grant ref. 21866). (WF contributing 50% of total grant of £80,000).
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 ....more 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 maintenance budgets.
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 ....more 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 viable and sustainable basis by 31 March 2022.
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 ....more 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 interpretation. The scheme is open to four categories of museums and galleries.
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 ....more 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 interpretation. The scheme is open to four categories of museums and galleries.
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

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 11/12 persons

Age Range of Trustees: 46-73

LILLI MATSON Appointed: 2022, Occupation: Company Director

MARY HELEN CREAGH Appointed: 2022, Occupation: Company Director

OBINNA VINCENT NWOFOR Appointed: 2021, Occupation: Senior Operating Officer

PAMELA ELIZABETH ROSSER Appointed: 2020, Occupation: Digital Commerce Consultant

WINSOME HULL Appointed: 2020, Occupation: Business Strategy

CHRISTINE MAJOR Appointed: 2021, Occupation: Ceo

MR KEITH LUDEMAN (Chair) Appointed: 2014, Occupation: Director

MARCUS ARTHUR Appointed: 2018, Occupation: Director

SIR PETER HENDY Appointed: 2015, Occupation: Director

WILLIAM STEPHEN FERRIS Appointed: 2020, Occupation: Director

ANDREW JONATHAN SMITH Appointed: 2017, Occupation: Partner, Other trusteeships: LOWTHER CASTLE AND GARDENS TRUST, TULLIE HOUSE MUSEUM AND ART GALLERY TRUST,

ELIZABETH MCKAY Appointed: 2023, Occupation: Heritage Learning Professional, Other trusteeships: KIDS IN MUSEUMS, LONDON TRANSPORT MUSEUM FRIENDS,

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