Finance Score: 2

Governance Score: 5

Support Score: 5

Liabilities <10%: +3
Excess liquidity: -1

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

Grant maker support: +5

Overall GiG Score: 12

THE NATIONAL MUSEUM OF THE ROYAL NAVY

To become the world's leading naval museum underpinned by the spirit of enterprise and adventure which has always been the hallmark of the Royal Navy. To make accessible to all the story of the Royal Navy and its people from earliest times to the present by collecting, preserving and interpreting artefacts, photographs, documents, manuscripts and oral history testimony.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There have been no material income shortfalls in recent 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

Regulatory & Governance issues to consider:

There are 15 trustees whereas the Charities Commission recommends a maximum of 12

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

Established: 16 years

www.nmrn.org.uk

governance@nmrn.org.uk

02392891370

Charity Commission for England and Wales

Tweets

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		£29,633	£19,040	£10,593	£3,095	£217,131	£26,388	16.6	199	300
31/03/22	*	£27,089	£15,361	£11,728	£2,644	£204,296	£19,578	15.3	175	319
31/03/21		£16,985	£13,792	£3,193	£1,149	£188,534	£20,473	17.8	177	291
31/03/20		£22,231	£18,685	£3,546	£3,908	£181,530	£21,272	13.7	412	356
31/03/19		£18,067	£18,898	£-831	£3,848	£178,971	£19,379	12.3	411	380
31/03/18		£24,421	£24,161	£260	£3,754	£178,977	£66,826	33.2	407	0
31/03/17	*	£19,873	£22,274	£-2,401	£1,456	£152,426	£18,370	9.9	315	0
31/03/16		£19,927	£20,749	£-822	£1,593	£146,275	£19,249	11.1	279	0
31/03/15		£18,094	£17,961	£133	£1,738	£145,702	£12,352	8.3	75	0
31/03/14		£22,146	£13,437	£8,709	£1,660	£105,434	£9,921	8.9	102	0
31/03/13	*	£15,328	£10,953	£4,375	£1,615	£95,900	£10,121	11.1	60	0
31/03/12		£5,131	£4,482	£650	£860	£717	£312	0.8	24	0
31/03/11		£3,770	£3,762	£8	£169	£67	£31	0.1	13	0
31/03/10	*	£3,361	£3,299	£62	£77	£59	£4	0	2	0

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Financial Ratios

Fundraising Costs/Relevant Income: 12.5%
Fundraising Costs/Total Spending: 17.3%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £140,000-£150,000
Liabilities/Assets: 2%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: 12%
Reserves/Spending: 16.6 months
Net Current Assets/Spending: 14 months
Quick Ratio: 7.6

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
Other Charitable Purposes

How it operates

Acts as an umbrella or resource body
Other charitable activities
Provides advocacy/advice/information
Sponsors or undertakes research

Where it operates

Hampshire, Hartlepool, Northern Ireland, Portsmouth City, Scotland, Somerset,

Who it helps

Other Defined Groups
The General Public/Mankind

Who works here?

199 employees
300 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

National Lottery Heritage Fund	£348,063
Foundation Scotland	£1,000
Wolfson Foundation	£0

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to The National Museum of the Royal Navy
£249,893	05/06/2023	#DYC Managing, conserving and re-interpreting the national collection of naval figureheads
National Lottery Heritage Fund - Grant to The National Museum of the Royal Navy
£98,170	24/03/2023	Captain Kellett: arctic exploration, expedition and the search for Franklin’s doomed expedition
Wolfson Foundation - Grant to National Museum of the Royal Navy
£0	09/12/2021	Grant of £100,000 towards Drawings of the Armada Maps, 1589. Art Fund contributed £200,000. Grant paid via Art Fund (22052)
Foundation Scotland - Grant to National Museum of the Royal Navy
£1,000	31/10/2020	For The Armada Maps Appeal, from The Viewforth Trust.
Co-Operative Group - Grant to Fleet Air Arm Museum / National Museum of the Royal Navy
£3,870	29/11/2017	We want to develop a family-friendly aircraft carrier themed outdoor adventure playground for local children and families to enjoy.
National Lottery Heritage Fund - Grant to National Museum of the Royal Navy
£4,787,900	27/06/2017	LCT 7074: Resurrecting a D-Day Hero
Ministry of Defence - Financial Assistance/Support
£1,233,000	01/04/2017	Banking fines - Treasury to direct to various Armed Forces causes.
National Lottery Heritage Fund - Grant to National Museum of the Royal Navy
£90,600	26/10/2015	Saving the Fairmile: RML 497
Hazelhurst Trust - Grant
£1,000	23/03/2015	Core costs grant
National Lottery Heritage Fund - Grant to National Museum of the Royal Navy
£1,844,000	13/09/2013	Commemorating Gallipoli 1915 - The HMS M.33 Project
National Lottery Heritage Fund - Grant to National Museum of the Royal Navy
£15,086,100	23/04/2013	HMS Caroline

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Age Range of Trustees: 39-71

ALISON RUTH START Appointed: 2020, Occupation: Management Consultant

COLIN MARK EVANS Appointed: 2022, Occupation: Finance Director

DR ANDREW BURNETT Appointed: 2020, Occupation: Retired, Other trusteeships: WARRIOR PRESERVATION TRUST LIMITED, THE FOUDROYANT TRUST, THE ROYAL MINT MUSEUM,

GAVIN WHITTER Appointed: 2015, Occupation: Chartered Accountant

HELEN JACKSON Appointed: 2018, Occupation: Consultant, Other trusteeship: THE HMS VICTORY PRESERVATION COMPANY,

JOHN MICHAEL SCOTT Appointed: 2020, Occupation: Solicitor

KATHERINE BIGGS Appointed: 2020, Occupation: Museum Consultant

MAJOR GENERAL JEFFREY SINCLAIR MASON MBE Appointed: 2015, Occupation: Clerk To Worshipful Company Of Butchers, Other trusteeship: ST BARTHOLOMEW'S GATEHOUSE TRUST,

MARK ANDERSON Appointed: 2020, Occupation: Consultant

MARY MONTAGU-SCOTT Appointed: 2018, Occupation: Company Director, Other trusteeships: THE FRIENDS OF THE ROYAL NAVAL MUSEUM AND H M S VICTORY, NEW FOREST NINTH CENTENARY TRUST, THE NATIONAL MOTOR MUSEUM TRUST LIMITED, THE HMS VICTORY PRESERVATION COMPANY, NEW FOREST HERITAGE TRUST,

PHILIP GRAHAM DOLLING Appointed: 2020, Other trusteeship: HULL UNIVERSITY UNION LIMITED,

REAR ADMIRAL JONATHAN PATRICK PENTREATH Appointed: 2020, Occupation: Royal Navy, Other trusteeship: ROYAL NAVY WINTER SPORTS ASSOCIATION,

SARAH WHITCHER Appointed: 2023, Occupation: Solicitor

SIR PHILIP JONES (Chair) Appointed: 2019, Occupation: Retired

THOMAS CHARLES KNOX WRIGHT Appointed: 2022, Occupation: Chief Executive

Legal constitution

Charitable company registered in England & Wales on 14/10/2008, number: 1126283
Registered at Companies House on 16/09/2008, number: 06699696

Gift Aid

Registered with HMRC for Gift Aid

Event History

06/07/2016 - Asset transfer in from PORTSMOUTH HISTORIC DOCKYARD
18/05/2023 - Asset transfer in from THE SUBMARINER MEMORIAL APPEAL
Linked charity: THE ROYAL NAVAL MUSEUM PORTSMOUTH
Linked charity: HMS M33 TRUST

Policies in force

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
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

14 returns made; AR22: 127 days late, AR17: 1 days late, AR13: 2 days late, AR10: 41 days late,

Recent reorganisation events:

Asset transfer in from THE SUBMARINER MEMORIAL APPEAL on 18/05/2023

Main office

NMRN
HM Naval Base (PP66)
Portsmouth
PO13NH

Objectives

THE COMPANY IS ESTABLISHED FOR FURTHERING THE FOLLOWING CHARITABLE PURPOSES BY SUCH MEANS AS THE TRUSTEES SHALL FROM TIME TO TIME THINK FIT:1. THE PROMOTION OF EDUCATION AND LEARNING OF NAVAL SERVICE AND AUXILIARIES PERSONNEL AND OTHER MEMBERS OF THE PUBLIC ABOUT THE HISTORY, DEEDS AND TRADITIONS OF THE NAVAL SERVICE AND AUXILIARIES.2. THE PROMOTION AND ENHANCEMENT OF MILITARY EFFICIENCY BY ASSISTING RECRUITMENT AND RETENTION AND FOSTERING THE ESPRIT DE CORPS OF THE MEN AND WOMEN WHO ARE SERVING IN THE NAVAL SERVICE OR AUXILIARIES; AND3. THE COMMEMORATION AND REMEMBRANCE OF THOSE MEMBERS OF THE NAVAL SERVICE AND AUXILIARIES WHO HAVE DIED WHILE ON ACTIVE SERVICE; AND THE ENCOURAGEMENT OF PUBLIC RECOGNITION OF THE SACRIFICE MADE BY SUCH PERSONS.

Defined Area of Benefit:

NOT DEFINED

Data Sources