Finance Score: -7

Governance Score: 3

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5
Positive trading contribution: +2;Multiple Deficits: -2
Fundraising costs high: -5

Dynamic board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: -1

HAYNES MOTOR MUSEUM LTD

Haynes Motor Museum displays an extensive Collection of vehicles from throughout the ages along with associated interpretation on all aspects of automotive technology. Our mission is to inspire this generation and the next to explore, discover and experience the motor car, to empower them to learn and invite them to question.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
More than half of total income was derived from trading and fees in the latest year
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £17,243,695 available, equivalent to 77 months of spending and so may not be able to utilise additional funding
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
31/01/23	£2,651	£2,695	£-44	£1,444	£17,329	£17,244	76.8	48	75
31/01/22	£2,646	£2,422	£224	£1,233	£17,372	£17,273	85.6	41	92
31/01/21	£1,119	£2,094	£-975	£972	£17,074	£17,074	97.8	48	60
31/01/20	£2,599	£2,903	£-304	£1,578	£16,265	£13,607	56.2	58	79
31/01/19	£2,536	£2,637	£-101	£1,364	£15,114	£13,841	63	55	85

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Financial Ratios

Fundraising Costs/Relevant Income: 141.9%
Fundraising Costs/Total Spending: 53.6%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 2%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 76.8 months
Net Current Assets/Spending: 6 months
Quick Ratio: 4.5

Asset Split ?

Established: 6 years

www.haynesmuseum.org

info@haynesmuseum.org

01963442782

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space

Where it operates

Somerset,

Who it helps

The General Public/Mankind

Who works here?

48 employees
75 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees: 50-75

CHRISTOPHER KEITH COPSON Appointed: 2021, Occupation: Head Of Collections

CHRISTOPHER MICHAEL DAVID HAYNES Appointed: 2020, Occupation: Director

NINA AGGARWAL RITSON Appointed: 2023, Occupation: Marketing Consultant

RICHARD CHARLES GRAFTON Appointed: 2023, Occupation: Commercial Director

RICHARD THOMAS MADDEN Appointed: 2023, Occupation: Advertising Executive

ANNETTE CONSTANCE HAYNES Appointed: 2017, Occupation: Director

NATASHA HOPKINS Appointed: 2023, Occupation: Visitor Operations Manager, Other trusteeship: MARCHANT-HOLLIDAY SCHOOL LIMITED,

RICHARD GERALD BUGLER Appointed: 2020, Occupation: Chartered Accountant, Other trusteeship: BEAMINSTER RELIEF IN NEED CHARITY,

REBECCA ELEANOR BERESFORD Appointed: 2022, Occupation: Solicitor, Other trusteeships: HIGGS CHARITABLE TRUST, KENNETH MAURICE WILLIAMS WILL TRUST,

MICHEAL PENN Appointed: 2017, Occupation: Retired, Other trusteeship: THE BRITISH MOTORCYCLE CHARITABLE TRUST,

Legal constitution

Charitable company registered in England & Wales on 26/01/2018, number: 1176857
Registered at Companies House on 05/05/2017, number: 10757195

Gift Aid

Registered with HMRC for Gift Aid

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

Filing Record

5 returns made; all on time

Recent reorganisation events:

Asset transfer in from THE HAYNES INTERNATIONAL MOTOR MUSEUM on 08/11/2019

Main office

HAYNES MOTOR MUSEUM
SPARKFORD
YEOVIL
BA22 7LH

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT: TO ADVANCE EDUCATION:(A) BY THE ESTABLISHMENT AND MAINTENANCE OF A MUSEUM OR MUSEUMS TO PROMOTE APPRECIATION AND KNOWLEDGE IN THE DEVELOPMENT AND EVOLUTION OF THE MOTOR CAR AND OTHER MOTOR VEHICLES AND THEIR ATTENDANT PARTS, DESIGNS AND TECHNOLOGY;(B) BY THE PRESERVATION AND RESTORATION OF MOTOR VEHICLES AND MOTORING RELATED ITEMS WHICH INFORM THE STUDY OF THE MOTOR VEHICLE; AND(C) OF THE PUBLIC IN DRIVING AND ISSUES OF MOTORING SAFETY WITH THE OBJECT OF REDUCING DEATH AND INJURY ON THE ROADS.

Data Sources