Finance Score: -2

Governance Score: -5

Support Score: 7

Liabilities <10%: +3
Excess reserves: -5
Spending falling: -1
but now stabilising: +1

Narrow trustee age band: -2
All male board: -3

Overall weighted support: +7

Overall GiG Score: 0

ROYAL MUSEUMS GREENWICH FOUNDATION

The Foundation provides funds to advance, as far as may be exclusively charitable, the education of the public in the sea, ships, time and the stars, and their importance and relationship with people, in particular (but without limitation) by promoting or supporting such of the charitable objects of the National Maritime Museum as the Trustees of Charity shall determine from time to time.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Why is the Board completely male?
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £10,569,389 available, equivalent to 2308 months of spending and so may not be able to utilise additional funding
Spending has fallen significantly over the last 5 years relative to the previous period but has stabilised more recently

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
31/03/23	£3,021	£55	£2,966	£0	£10,569	£10,569	2307.9	0	0
31/03/22	£3,801	£13	£3,788	£0	£7,603	£7,563	6881	0	3
31/03/21	£290	£13	£278	n/a	n/a	n/a	n/a	n/a	n/a
31/03/20	£908	£11	£897	£0	£3,538	£3,538	3784.1	0	0
31/03/19	£391	£1,280	£-889	n/a	n/a	n/a	n/a	n/a	n/a
31/03/18	£7	£2,229	£-2,222	n/a	n/a	n/a	n/a	n/a	n/a
31/03/17	£29	£1,621	£-1,593	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16	£1,632	£632	£1,000	£0	£7,168	£7,168	136.2	0	0
31/03/15	£731	£395	£336	£6	£6,168	£6,168	187.4	0	0
31/03/14	£1,536	£74	£1,462	£8	£5,832	£5,832	951.2	0	0
31/03/13	£5,003	£634	£4,370	£7	£4,370	£4,370	82.8	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: 1%
Liabilities/Income: 3%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2307.9 months
Net Current Assets/Spending: 2308 months
Quick Ratio: 73.4

Asset Split ?

Balance Sheet History

Established: 13 years

foundationsecretary@rmg.co.uk

020 8312 6637

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Museums, parks, historical sites

How it operates

Makes grants to organisations
Provides other finance

Where it operates

Throughout England And Wales,

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

Spirit of 2012	£47,060
Charles Hayward Foundation	£25,000
Seafarers UK	£17,490

Specific Donations

Amount	When Months	To be used for
Seafarers UK - Grant to Royal Museums Greenwich
£17,490	28/03/2023	Grant funding to develop a web based fishing memorial database to support the new national fishing remembrance day in May
Spirit of 2012 - The Spirit of Windrush
£47,060	16/02/2023	A project to explore how the arrival of HMT Empire Windrush has shaped British society. Final amount of grant dispersed may differ due to project underspend and within agreed tolerance.
Charles Hayward Foundation - Grant to Royal Museums Greenwich
£25,000	27/02/2020	Conservation of the painting 'A Royal Visit to the Fleet in the Thames Estuary'
DCMS - DCMS/Wolfson Museums and Galleries Improvement Fund
£125,000	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 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.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 65-76

ALASTAIR MACAULAY Appointed: 2021, Occupation: Non-Executive Director

ANTONY JOHN HALES Appointed: 2022, Occupation: Non-Executive Director

JEREMY JOHN HARLEY PENN Appointed: 2018, Occupation: Shipping

Legal constitution

Charitable company registered in England & Wales on 16/05/2012, number: 1147279
Registered at Companies House on 22/03/2012, number: 08002287

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Trustee conflicts of interest policy and procedures

Filing Record

11 returns made; all on time

Main office

NATIONAL MARITIME MUSEUM
PARK ROW
LONDON
SE10 9NF

Objectives

THE OBJECTS OF THE CHARITY ARE TO ADVANCE,IN SO FAR AS MAY BE EXCLUSIVELY CHARITABLE,THE EDUCATION OF THE PUBLIC IN THE SEA,SHIPS,TIME AND THE STARS,AND THEIR IMPORTANCE AND RELATIONSHIP WITH PEOPLE,IN PARTICULAR BUT WITHOUT LIMITATION)BY PROMOTING OR SUPPORTING SUCH OF THE CHARITABLE OBJECTS OF THE NATIONAL MARITIME MUSEUM AS THE TRUSTEES OF THE CHARITY SHALL DETERMINE FROM TIME TO TIME AND(SAVE FOR PURPOSES INCIDENTAL AND ANCILLARY TO THESE OBJECTS)NO OTHER PURPOSES.

Data Sources

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