Finance Score: 5

Governance Score: 2

Support Score: 3

Strong growth: +2
Fundraising costs low: +3

Dynamic board: +3
Mainly male board: -1

Grant maker support: +3

Overall GiG Score: 10

SCIENCE MUSEUM FOUNDATION

The primary goals of the Foundation are to raise funds for major capital projects to develop the museums within the Science Museum Group, along with other projects that support the Foundation's charitable objectives, and to receive donations and hold funds in anticipation of grant requests to enable such projects to be undertaken.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board is predominantly male

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
31/03/23		£5,932	£1,596	£4,336	£1	£39,566	£623	4.7	0
31/03/22		£295	£60	£234	n/a	n/a	n/a	n/a	n/a
31/03/21		£604	£139	£464	£1	£33,820	£663	57.1	0
31/03/20		£780	£137	£643	£1	£27,185	£621	54.6	0
31/03/19?		£470	£259	£211	n/a	n/a	n/a	n/a	n/a
31/07/18		£732	£9	£723	£0	£29,687	£559	754.7	0
31/07/17		£574	£5,008	£-4,434	£0	£27,472	£480	1.2	0
31/07/16		£9,535	£40	£9,494	£0	£29,509	£461	136.8	0
31/07/15		£4,408	£9	£4,399	£6	£17,979	£446	591.1	0
31/07/14	*	£3,863	£2,007	£1,856	£7	£13,369	£360	2.2	0
31/07/13		£11,520	£7	£11,513	£7	£11,513	£48	77.6	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.9%
Fundraising Costs/Total Spending: 3%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 20%
Unrestricted Funds/Total Funds: 2%
Reserves/Spending: 4.7 months
Net Current Assets/Spending: 33 months
Quick Ratio: 4.6

Asset Split ?

Established: 12 years

Elisa.Bramati@ScienceMuseum.ac.uk

020 7942 4115

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

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
Community Foundation serving Tyne & Wear and Northumberland - A grant to Science Museum Group
£25,000	24/03/2022	The Vision 2025 project at Locomotion, Shildon Railway

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 10/11 persons

Age Range of Trustees: 51-76

ALEX STITT Appointed: 2023, Occupation: Director, Heritage And Education Centre

CARL WESLEY STEWART Appointed: 2022, Occupation: Vice Chairman

CHRISTOPHER CHEETHAM Appointed: 2021, Occupation: Retired

DAVID JEFFREY MEEK Appointed: 2022, Occupation: Chair Person

DR BOB COWELL Appointed: 2016, Occupation: Company Director

DAVID JAMES BENNETT Appointed: 2020, Occupation: Director

DAVID JOSEPH JACOB Appointed: 2018, Occupation: Non-Executive Director

NICOLE RONSON ALLALOUF Appointed: 2020, Occupation: Ceo

RAVI RAJAGOPAL Appointed: 2018, Occupation: Company Executive

AJIT LALVANI Appointed: 2022, Occupation: Professor Of Medicine, Other trusteeships: ENGLISH NATIONAL OPERA, THE VITABIOTICS FOUNDATION,

NATASHA KAPLINSKY Appointed: 2024, Occupation: Tv Presenter, Other trusteeships: THE HOLOCAUST MEMORIAL CHARITABLE TRUST, CORE & CO FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 23/08/2012, number: 1148691
Registered at Companies House on 25/07/2012, number: 08156772

Gift Aid

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
Trustee expenses policy and procedures

Filing Record

11 returns made; AR14: 1 days late,

Main office

SCIENCE MUSEUM
EXHIBITION ROAD
LONDON
SW7 2DD

Objectives

THE OBJECTS OF THE CHARITY ARE, FOR THE BENEFIT OF THE PUBLIC, TO:4.1. ADVANCE THE PUBLIC’S KNOWLEDGE AND ENJOYMENT OF THE NMSI COLLECTIONS AND THEIR PRESERVATION;4.2. ADVANCE THE PUBLIC’S KNOWLEDGE AND ENJOYMENT OF SCIENCE AND TECHNOLOGY BY MEANS OF THE NMSI COLLECTIONS; 4.3. PROVIDE EDUCATIONAL FACILITIES AND SERVICES, INSTRUCTION AND INFORMATION TO THE PUBLIC IN RELATION TO THE NMSI COLLECTIONS; 4.4. SUPPORT THE CARE, PRESERVATION AND ENHANCEMENT OF THE NMSI COLLECTIONS AND RELATED RESEARCH; 4.5. SUPPORT THE EXHIBITION OF THE NMSI COLLECTIONS TO THE PUBLIC AND THE MAKING OF THE NMSI COLLECTIONS AVAILABLE TO PERSONS SEEKING TO INSPECT THEM IN CONNECTION WITH STUDY OR RESEARCH; AND4.6. TO SUPPORT THE FURTHERANCE OF SUCH OF THE PURPOSES OF NMSI AS SHALL BE EXCLUSIVELY CHARITABLE BY PROVIDING FINANCIAL AND OTHER ASSISTANCE TO ENABLE NMSI OR ANY OTHER ORGANISATION (WHETHER ASSOCIATED WITH NMSI OR OTHERWISE) TO UNDERTAKE ACTIVITIES THAT ADVANCE SUCH CHARITABLE PURPOSES.

Data Sources