THE NATIONAL MUSEUM OF THE ROYAL NAVY

Charity number: 1126283
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To become the world's leading naval museum underpinned by the spirit of enterprise and adventure which has always been the hallmark of the Royal Navy. To make accessible to all the story of the Royal Navy and its people from earliest times to the present by collecting, preserving and interpreting artefacts, photographs, documents, manuscripts and oral history testimony.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£19,187,000

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Donations and legacies £8.25m
Charitable activities £7.06m
Other trading activities £2.30m
Investments £1.03m
Other £547.00k

Total expenditure:
£20,667,000

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Raising funds £3.42m
Charitable activities £17.25m
Other £0

£0 investments gains (losses)

Total income includes £5,766,000 from 2 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £3.42m
Charitable expenditure £17.25m

People

3 Employee(s)

14 Trustee(s)

300 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£90k to £100k 1
£100k to £110k 1
£150k to £200k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Other Charitable Purposes
Who the charity helps:
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
  • Other Charitable Activities
Where the charity operates:
  • Hampshire
  • Hartlepool
  • Portsmouth City
  • Somerset
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 25 July 2014: Standard registration
Organisation type:
Charitable company
Other names:
  • NMRN (Working name)
Company number:
06699696 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
  • 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
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

14 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Sir Philip Jones Chair 20 August 2019
None on record
Gerard Salzano Trustee 26 August 2024
None on record
Sarah Whitcher Trustee 12 January 2023
None on record
Colin Mark Evans Trustee 05 December 2022
None on record
Thomas Charles Knox Wright Trustee 05 December 2022
HAMPSHIRE CULTURAL TRUST
Received: On time
Andrew Burnett Trustee 25 October 2020
THE ROYAL MINT MUSEUM
Received: On time
THE FOUDROYANT TRUST
Received: On time
WARRIOR PRESERVATION TRUST LIMITED
Received: On time
Rear Admiral Jonathan Patrick Pentreath Trustee 01 September 2020
ROYAL NAVAL AIR SERVICE MEMORIAL FUND
Recently registered
ROYAL NAVY WINTER SPORTS ASSOCIATION
Received: On time
JOHN MICHAEL SCOTT Trustee 01 September 2020
None on record
Alison Ruth Start Trustee 01 September 2020
None on record
Mark Anderson Trustee 01 September 2020
None on record
Philip Graham Dolling Trustee 01 September 2020
HULL UNIVERSITY STUDENTS' UNION LIMITED
Received: On time
Katherine Biggs Trustee 01 September 2020
None on record
MARY RACHEL MONTAGU-SCOTT Trustee 30 October 2018
CHRISTOPHER TOWER NEW FOREST LIBRARY ENDOWMENT FUND
Recently registered
THE HMS VICTORY PRESERVATION COMPANY
Received: On time
THE NATIONAL MOTOR MUSEUM TRUST LIMITED
Received: On time
THE FRIENDS OF THE ROYAL NAVAL MUSEUM AND H M S VICTORY
Received: On time
THE MEDUSA TRUST
Received: On time
THE NEW FOREST AGRICULTURAL SHOW SOCIETY
Received: On time
BUCKLER'S HARD SHIPYARD TRUST
Recently registered
MARITIME ARCHAEOLOGY TRUST
Received: On time
Helen Jackson Trustee 30 October 2018
THE HMS VICTORY PRESERVATION COMPANY
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £22.23m £16.99m £27.09m £29.63m £19.19m
Total expenditure £18.68m £13.79m £15.36m £19.04m £20.67m
Income from government contracts N/A £7.33m £5.61m £6.35m £5.77m
Income from government grants £3.50m N/A N/A N/A N/A
Income - Donations and legacies £9.31m £14.98m £19.29m £20.86m £8.25m
Income - Other trading activities £2.92m £183.00k £1.64m £2.25m £2.30m
Income - Charitable activities £5.63m £1.20m £5.31m £5.54m £7.06m
Income - Endowments £157.00k £0 £0 £0 £0
Income - Investment £675.00k £383.00k £556.00k £685.00k £1.03m
Income - Other £192.00k £240.00k £297.00k £298.00k £547.00k
Income - Legacies £414.00k £16.00k £28.00k £17.00k £0
Expenditure - Charitable activities £14.53m £12.50m £12.51m £15.75m £17.25m
Expenditure - Raising funds £4.15m £1.30m £2.85m £3.29m £3.42m
Expenditure - Governance £130.00k £2.55m £2.86m £166.00k £4.31m
Expenditure - Grants institution £0 £0 £0 £6.33m £5.40m
Expenditure - Investment management £243.00k £147.00k £204.00k £194.00k £165.00k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £136.16m £132.35m £141.87m £152.98m £152.60m
Long-term investments £33.60m £39.93m £42.59m £41.81m £56.44m
Other assets £16.24m £20.77m £24.75m £25.71m £16.04m
Defined benefit pension scheme asset or liability £0 £0 -£273.00k £157.00k £232.00k
Total liabilities £4.46m £4.51m £4.63m £3.53m £4.43m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 28 November 2024 On Time
Accounts and TAR 31 March 2024 28 November 2024 On Time Download Open in new window
Annual return 31 March 2023 09 January 2024 On Time
Accounts and TAR 31 March 2023 09 January 2024 On Time Download Open in new window
Annual return 31 March 2022 07 June 2023 127 days late
Accounts and TAR 31 March 2022 07 June 2023 127 days late Download Open in new window
Annual return 31 March 2021 31 January 2022 On Time
Accounts and TAR 31 March 2021 31 January 2022 On Time Download Open in new window
Annual return 31 March 2020 22 January 2021 On Time
Accounts and TAR 31 March 2020 22 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 16/09/2008 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 26/10/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 11 OCT 2016 as amended on 12 Oct 2018

Charitable objects

THE COMPANY IS ESTABLISHED FOR FURTHERING THE FOLLOWING CHARITABLE PURPOSES BY SUCH MEANS AS THE TRUSTEES SHALL FROM TIME TO TIME THINK FIT: 1. THE PROMOTION OF EDUCATION AND LEARNING OF NAVAL SERVICE AND AUXILIARIES PERSONNEL AND OTHER MEMBERS OF THE PUBLIC ABOUT THE HISTORY, DEEDS AND TRADITIONS OF THE NAVAL SERVICE AND AUXILIARIES. 2. THE PROMOTION AND ENHANCEMENT OF MILITARY EFFICIENCY BY ASSISTING RECRUITMENT AND RETENTION AND FOSTERING THE ESPRIT DE CORPS OF THE MEN AND WOMEN WHO ARE SERVING IN THE NAVAL SERVICE OR AUXILIARIES; AND 3. THE COMMEMORATION AND REMEMBRANCE OF THOSE MEMBERS OF THE NAVAL SERVICE AND AUXILIARIES WHO HAVE DIED WHILE ON ACTIVE SERVICE; AND THE ENCOURAGEMENT OF PUBLIC RECOGNITION OF THE SACRIFICE MADE BY SUCH PERSONS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 1126283-2 HMS M33 TRUST
Governing document
TRUST DEED DATED 19 MAY 2014
Charitable objects
FOR THE BENEFIT OF THE PUBLIC: (A) TO PRESERVE, RESTORE AND MAINTAIN THE SHIP; (B) TO EDUCATE THE PUBLIC ABOUT THE HISTORY OF THE SHIP AND THE HISTORY OF THE ROYAL NAVY AND OTHER MATTERS RELATING TO THE DEFENCE OF THE REALM; (C) TO PROMOTE THE EFFICIENCY OF THE ARMED FORCES BY ASSISTING RECRUITMENT AND RETENTION AND FOSTERING THE ESPRIT DE CORPS OF THE MEN AND WOMEN WHO ARE SERVING IN THE NAVAL SERVICE OR AUXILIARIES; (D) TO COMMEMORATE AND REMEMBER THOSE MEMBERS OF THE NAVAL SERVICE AND AUXILIARIES WHO HAVE DIED WHILE ON ACTIVE SERVICE: AND TO ENCOURAGE PUBLIC RECOGNITION OF THE SACRIFICE MADE BY SUCH PERSONS.
Area of benefit
Registration history
  • 25 July 2014 : Standard registration

Contact information

Address:
NATIONAL MUSEUM OF THE ROYAL NAVY
HM NAVAL BASE (PP66)
PORTSMOUTH
PO1 3NH
Phone:
02392891370
Email:
governance@nmrn.org.uk
Website:

www.nmrn.org.uk Open in new window