Finance Score: -10

Governance Score: 3

Support Score: 6

Poor Liquidity: -1
Good Reserves: +1Multiple Deficits and declines: -5
Fundraising costs high: -5

Gender balanced board: +3

Grant maker support: +6

Overall GiG Score: -1

POSTAL HERITAGE TRUST

Educational Charity working to make the Royal Mail Archive and the Postal Heritage Trust collection accessible as widely as possible

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
The Board appears to be well diversified in terms of gender

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
There has been a change of accounting period recently, so trends may be hard to determine
Income has been volatile and on several occasions in recent years less than spending
Fundraising costs are extremely high relative to funds raised

Established: 20 years

https://www.postalmuseum.org/

info@postalmuseum.org

03000300700

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

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
31/03/23?		£5,195	£7,016	£-1,822	£2,901	£14,119	£14,007	24	82	10
31/12/21		£4,214	£5,003	£-789	£2,197	£15,940	£15,844	38	78	5
31/12/20		£4,660	£5,000	£-340	£2,415	£16,730	£16,632	39.9	92	0
31/12/19		£5,371	£6,067	£-696	£2,465	£17,070	£16,983	33.6	95	30
31/12/18		£5,485	£6,463	£-978	£2,564	£17,766	£17,673	32.8	96	30
31/12/17		£5,899	£5,078	£821	£2,182	£18,744	£18,649	44.1	71	0
31/12/16		£4,553	£1,871	£2,682	£307	£17,808	£9,523	61.1	28	0
31/12/15		£3,933	£1,788	£2,144	£47	£15,126	£9,779	65.6	25	0
31/12/14		£8,724	£1,729	£6,995	£34	£12,982	£9,208	63.9	24	0
31/12/13		£4,326	£1,569	£2,758	£35	£5,987	£3,115	23.8	25	0
31/12/12?	*	£1,094	£745	£349	£32	£2,881	£1,821	29.3	21	0
31/05/11		£1,660	£1,492	£168	£35	£1,899	£1,449	11.7	23	0
31/05/10		£1,502	£1,625	£-123	£35	£1,730	£1,281	9.5	23	0
31/05/09		£1,554	£1,301	£253	£45	£1,853	£1,359	12.5	20	0
31/05/08		£1,501	£1,484	£17	£34	£1,601	£1,153	9.3	19	0
31/05/07		£1,790	£1,202	£588	£0	£1,584	£1,081	10.8	18	0
31/05/06		£1,216	£1,042	£174	£0	£0	£0	n/a	0	0
31/05/05		£1,214	£990	£224	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 86.8%
Fundraising Costs/Total Spending: 41.4%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 42%
Liabilities/Income: 240%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 24 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.4

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

82 employees
10 volunteers

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
National Lottery Heritage Fund - Grant to Postal Heritage Trust
£250,000	26/06/2020	COVID19 Postal Heritage Trust
DCMS - Postal Museum Recovery Costs
£860,000	01/04/2020	To support Arts and Culture throughout England
City Bridge Trust - Grant to Postal Heritage Trust
£20,400	27/11/2018	£20,400 over one year for the development and delivery of a programme of relaxed events for families with children and young people with Autism Spectrum Conditions.
The Pilgrim Trust - Grant to The Postal Heritage Trust
£5,000	30/10/2018 6	Conservation of the Mail Coach at The Postal Museum – re-building the wheels
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Creating an accessible immersive virtual reality experience of Mail Rail
£22,309	01/04/2018	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=133751
City Bridge Trust - Grant to Postal Heritage Trust
£4,000	28/01/2015	£4,000 to match CEP funding towards the wage costs of 2 Apprentices for 1 year.
National Lottery Heritage Fund - Grant to Postal Heritage Trust
£10,000	28/07/2014	12 million a day: letters to and from the front line

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 50-73

DAVID GOLD Appointed: 2014, Occupation: Head Of Public Affairs, Other trusteeship: POSTAL HERITAGE COLLECTION TRUST,

JULIAN BARKER Appointed: 2011, Occupation: Group Strategy And Insight Director, Other trusteeship: POSTAL HERITAGE COLLECTION TRUST,

LAURA ANNE WRIGHT Appointed: 2018, Occupation: Chief Executive, Other trusteeship: POSTAL HERITAGE COLLECTION TRUST,

MIKE RUSSELL Appointed: 2015, Occupation: Retired, Other trusteeship: POSTAL HERITAGE COLLECTION TRUST,

PAOLA BARBARINO Appointed: 2016, Occupation: Managing Director, Other trusteeships: LAUDERDALE HOUSE SOCIETY LTD, POSTAL HERITAGE COLLECTION TRUST,

PETER EWART WALLS Appointed: 2018, Occupation: Retired, Other trusteeships: WILLIAM JOSEPH HAYNES, THE BAPTIST UNION CORPORATION LIMITED, POSTAL HERITAGE COLLECTION TRUST,

SUSAN CLAIRE RAIKES Appointed: 2017, Occupation: Museum Manager, Other trusteeship: POSTAL HERITAGE COLLECTION TRUST,

SUSAN JANE WILKINSON (Chair) Appointed: 2023, Occupation: Retired, Other trusteeships: NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD, HISTORIC ROYAL PALACES, POSTAL HERITAGE COLLECTION TRUST,

Legal constitution

Charitable company registered in England & Wales on 26/02/2004, number: 1102360
Registered at Companies House on 11/09/2003, number: 04896056

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
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

18 returns made; AR12: 81 days late,

Main office

The Postal Museum
Calthorpe House
15-20 Phoenix Place
LONDON
WC1X 0DA

Objectives

THE OBJECTS OF THE CHARITY (THE OBJECTS) ARE:-3.1.1 TO ADVANCE THE EDUCATION OF THE PUBLIC PARTICULARLY IN THE HISTORY OF POSTAL COMMUNICATION AND RELATED SERVICES AND OF THE ACTIVITIES OF THE BRITISH POST OFFICE AND ITS SUCCESSORS AND THE POSTAL AND COMMUNICATIONS SYSTEMS WORLDWIDE;3.1.2 TO ESTABLISH AND MAINTAIN MUSEUM(S) AND/OR ARCHIVE(S) FOR THE BENEFIT OF THE PUBLIC, AND IN PURSUIT OF THAT OBJECT;(A) COLLECT ARTEFACTS AND ARCHIVES INCLUDING POSTAL ARTEFACTS AND ARCHIVES WHICH MAY BE BRITISH OR INTERNATIONAL TO A PUBLISHED POLICY AGREED BY THE CHARITY;(B) MANAGE, DOCUMENT, CONSERVE AND SAFEGUARD THE NATIONAL POSTAL COLLECTIONS AND OTHER COLLECTIONS AND HOLDINGS TO THE HIGHEST APPROPRIATE PROFESSIONAL STANDARDS;(C) EXHIBIT, INTERPRET AND PROVIDE ACCESS TO THE COLLECTIONS.3.1.3 RESTORE, EXHIBIT AND PRESERVE OBJECTS, (INCLUDING VEHICLES AND WHERE APPROPRIATE BUILDINGS AND OTHER STRUCTURES) PARTICULARLY THOSE OBJECTS ASSOCIATED WITH THE HISTORY OF POSTAL AND RELATED SERVICES AND THE ACTIVITIES OF THE BRITISH POST OFFICE AND ITS SUCCESSORS;3.1.4 TO UNDERTAKE ANY OTHER CHARITABLE PURPOSE.

Defined Area of Benefit:

NATIONAL

Data Sources