Finance Score: -2

Governance Score: 3

Support Score: 0

Liabilities <10%: +3
Poor Liquidity: -1
Good Reserves: +1Accounts filed more than 5 days late: -2 times
Strong growth: +2
Volatile income & significant deficit in latest year: -5

Good trustee age range: +3

No supporters identified

Overall GiG Score: 1

NML FOUNDATION

To advance, in a manner which the trustees see fit, the charitable objects of The National Museums and Galleries on Merseyside (NMGM), and to advance the education of the public throughout the world in any manner conducive to, and compatible with the charitable objects of NMGM, without prejudice to the generality of the foregoing, in particular by widening participation in charitable education.

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
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but very substantial unrestricted reserves are available
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended
Income has been volatile recently and was significantly lower than spending in the latest year but the charity has substantial reserves available

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	*	£1,031	£1,472	£-441	£0	£6,876	£6,876	56.1	0
31/03/22		£3,001	£1,950	£1,050	£0	£7,317	£7,317	45	0
31/03/21	*	£3,402	£6	£3,396	£0	£6,267	£6,267	13616.1	0
31/03/20		£1,504	£5	£1,500	£0	£2,871	£2,871	7651.8	0
31/03/19		£3	£3	£0	n/a	n/a	n/a	n/a	n/a
31/03/18		£1	£304	£-303	£0	£0	£0	n/a	0
31/03/17		£7	£2,114	£-2,107	£0	£0	£0	n/a	0
31/03/16		£2,305	£816	£1,490	£0	£3,781	£3,781	55.6	0
31/03/15?		£784	£4	£780	£4	£2,292	£2,292	7112.9	0
31/05/14		£1,511	£5	£1,505	£5	£1,511	£1,511	3568.3	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: 0%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 56.1 months
Net Current Assets/Spending: 56 months
Quick Ratio: 0

Asset Split ?

Established: 11 years

tb@dsg.uk.com

0151 294 5400

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

School support organisations

How it operates

Makes Grants to Organisations
Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Knowsley, Liverpool City, Sefton, St Helens, Wirral,

Who it helps

The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 46-76

DR NICOLA JAYNE THORP Appointed: 2022

SARAH DEAN Appointed: 2020, Occupation: Director

SIR DAVID HENSHAW Appointed: 2020, Occupation: Director

ANTHONY MICHAEL BAYLISS Appointed: 2012, Occupation: Partner - Chartered Accountant, Other trusteeships: THE MAUD BEATTIE MURCHIE CHARITABLE TRUST, THE RIMMER MEMORIAL CHARITABLE TRUST, THE GEOFFREY AND PAULINE MARTIN TRUST,

MARK RUPERT FEENY Appointed: 2015, Occupation: Director, Other trusteeships: CECIL PILKINGTON CHARITABLE TRUST, THE RIMMER MEMORIAL CHARITABLE TRUST, THE ARTHUR KAY CHARITABLE TRUST, THE VIRGINIE KEULEYAN CHARITABLE TRUST, THE CASTANEA TRUST, EARLY MUSIC AS EDUCATION,

PROF PHIL REDMOND CBE (Chair) Appointed: 2012, Other trusteeship: MERSEYSIDE MEDIA TRUST,

ROGER NELSON PHILLIPS Appointed: 2022, Occupation: Retired, Other trusteeship: CATHOLIC BLIND INSTITUTE,

Legal constitution

Charitable company registered in England & Wales on 15/01/2013, number: 1150493
Registered at Companies House on 11/05/2012, number: 08066776

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

10 returns made; AR23: 28 days late, AR21: 48 days late,

Main office

DSG Chartered Accountants
Castle Chambers
43 Castle Street
LIVERPOOL
L2 9TL

Objectives

TO ADVANCE, IN ANY MANNER IN WHICH THE TRUSTEES OF THE CHARITY SEE FIT, THE CHARITABLE OBJECTS OF THE THE NATIONAL MUSEUMS AND GALLERIES ON MERSEYSIDE (AS MAY BE AMENDED FROM TIME TO TIME) AND TO ADVANCE THE EDUCATION OF THE PUBLIC THROUGHOUT THE WORLD IN ANY MANNER CONDUCIVE TO AND COMPATIBLE WITH THE CHARITABLE OBJECTS OF THE NATIONAL MUSEUMS AND GALLERIES ON MERSEYSIDE, WITHOUT PREJUDICE TO THE GENERALITY OF THE FORGOING IN PARTICULAR BY WIDENING PARTICIPATION IN CHARITABLE EDUCATION.

Data Sources