Finance Score: 0

Governance Score: 9

Support Score: 10

Multiple Deficits and declines: -5
Future income +5
No PartB

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Large volunteer base +3
Overall weighted support: +7

Overall GiG Score: 19

MILTON KEYNES MUSEUM TRUST LIMITED

Local museum with emphasis on changes of community since the new City of Milton Keynes whilst seeking to draw attention to the area's importance across the centuries.

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
A significant proportion of recent income was derived from major grant makers including the Government and there are significant future grants due to be received
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

Income has been volatile and on several occasions in recent years less than spending
A PartB annual return has not been required and so detailed financial information is not available from the online data

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		£417	£536	£-119	n/a	n/a	n/a	n/a	n/a	n/a
31/03/22		£487	£466	£21	n/a	n/a	n/a	n/a	n/a	n/a
31/03/21		£586	£330	£256	£17	£755	£477	17.3	6	150
31/03/20		£669	£536	£133	£56	£499	£194	4.3	9	180
31/03/19		£563	£765	£-202	£80	£366	£199	3.1	8	180
31/03/18		£611	£427	£184	£83	£568	£301	8.5	9	0
31/03/17		£451	£379	£72	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16		£360	£276	£84	n/a	n/a	n/a	n/a	n/a	n/a
31/03/15		£290	£239	£51	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14		£183	£193	£-10	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13		£183	£176	£8	n/a	n/a	n/a	n/a	n/a	n/a
31/03/12		£156	£177	£-21	n/a	n/a	n/a	n/a	n/a	n/a
31/03/11		£143	£202	£-59	n/a	n/a	n/a	n/a	n/a	n/a
31/03/10		£175	£219	£-44	n/a	n/a	n/a	n/a	n/a	n/a
31/03/09	*	£270	£146	£124	n/a	n/a	n/a	n/a	n/a	n/a
31/03/08	*	£126	£158	£-31	n/a	n/a	n/a	n/a	n/a	n/a
31/03/07		£174	£141	£32	n/a	n/a	n/a	n/a	n/a	n/a
31/03/06?	*	£114	£122	£-7	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04	*	£91	£115	£-24	n/a	n/a	n/a	n/a	n/a	n/a

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Highest pay bracket: less than £60,000

Balance Sheet History

Established: 34 years

www.mkmuseum.org.uk

accounts@mkmuseum.org.uk

01908 316222

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space

Where it operates

Buckinghamshire, Milton Keynes,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
Other Defined Groups
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
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

National Lottery Heritage Fund	£222,850
DCMS	£200,000
The Foyle Foundation	£20,000

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to Milton Keynes Museum Trust Ltd
£222,850	07/06/2023	50 years on: Museum for a New City
DCMS - Culture Recovery Fund: Continuity Support
£50,000	22/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.
The Foyle Foundation - Learning (MGS)
£20,000	11/02/2021	towards new interpretation and learning materials to support the partial re-opening of the Museum with COVID-19 restrictions in place (awarded grant in response to coronavirus)
DCMS - Milton Keynes Museum: Saving a Local Institution
£100,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Milton Keynes Museum reopening plan
£50,000	01/04/2020	To support Arts and Culture throughout England
Co-Operative Group - Grant to Milton Keynes Museum Trust Ltd
£7,371	19/11/2018	The money will go towards the costs of creating a high impact people's story and object wall within the Modern MK gallery.
Garfield Weston Foundation - Main Grants award
£75,000	03/05/2017	Milton Keynes Museum Expansion

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Based on 9/10 persons

Age Range of Trustees: 45-75

ANDREW HARRIS Appointed: 2021, Occupation: Solicitor

DAVID NEIL LOUDON, Occupation: Chartered Civil Engineer

DAVID HOPKINS Appointed: 2018, Occupation: Councillor

ELIZABETH PATRICIA GIFFORD Appointed: 2019, Occupation: Retired

JANE PALMER Appointed: 2020, Occupation: Ceo (Retired)

MARTIN PETCHEY Appointed: 2021, Occupation: Councillor

NIGEL ANTHONY ADAMS Appointed: 2023, Occupation: Accountant

PAUL KITCHEN Appointed: 2023, Occupation: Director

RACHEL SUMNER Appointed: 2021, Occupation: Hr Business Partner

SHWETAL PATEL Appointed: 2022, Occupation: Arts

Legal constitution

Charitable company registered in England & Wales on 16/07/1990, number: 803675
Registered at Companies House on 05/10/1988, number: 02302281

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
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

19 returns made; AR09: 25 days late, AR08: 25 days late, AR06: 76 days late, AR04: 30 days late,

Main office

Milton Keynes Museum Trust Ltd
Milton Keynes Museum
McConnell Drive
Wolverton
Milton Keynes
MK12 5EL

Objectives

TO PROMOTE AND PRESERVE FOR THE BENEFIT OF THE PUBLIC THE STACEY HILL COLLECTION OF INDUSTRY AND RURAL LIFE.

Defined Area of Benefit:

NOT DEFINED

Data Sources

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