ASSOCIATION OF INDEPENDENT MUSEUMS

Charity number: 1082215
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Association of Independent Museums (AIM) connects, supports and represents independent museums in the UK. We are a membership organisation with approximately 1200 organisational and individual members.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,922,618

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Donations and legacies £0
Charitable activities £1.91m
Other trading activities £0
Investments £2.68k
Other £7.55k

Total expenditure:
£1,273,352

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Raising funds £0
Charitable activities £1.27m
Other £0

£0 investments gains (losses)

Total income includes £133,488 from 2 government grant(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 £0
Charitable expenditure £1.27m
Retained for future use £649.27k

People

7 Employee(s)

13 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

This charity does not have any trading 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
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Ireland
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 30 August 2000: Standard registration
Organisation type:
Charitable company
Other names:
  • AIM (Working name)
Company number:
01350939 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity 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
  • 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
Land and property:
This charity does not own and/or lease 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

13 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr Laura Frances Crossley Trustee 15 June 2023
None on record
Alexander Michael Ratcliffe Trustee 15 June 2023
None on record
Christine Bernath Trustee 15 June 2023
None on record
Philip Graham Dolling Trustee 15 June 2023
None on record
Elizabeth Victoria Power Trustee 16 June 2022
None on record
Charlotte Louise Morgan Trustee 16 June 2022
None on record
Dr Camilla Mary Stewart Trustee 16 June 2022
None on record
Sajida Carr Trustee 16 June 2021
None on record
Sarah Duthie Trustee 16 June 2021
None on record
Emily Ruth Hope Trustee 16 June 2021
None on record
Nathaniel Timothy Hepburn Trustee 16 June 2021
None on record
Mhairi Jane Cross Trustee 19 April 2018
None on record
Rhiannon Goddard Trustee 19 April 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £900.57k £961.15k £992.77k £893.65k £1.92m
Total expenditure £1.06m £900.23k £987.06k £983.40k £1.27m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £77.20k N/A N/A £34.24k £133.49k
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £895.68k £954.19k £987.95k £887.36k £1.91m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £865 £661 £369 £794 £2.68k
Income - Other £4.02k £6.30k £4.45k £5.49k £7.55k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.06m £900.23k £987.06k £983.40k £1.27m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £9.04k £9.97k £12.03k £10.92k £13.05k
Expenditure - Grants institution £582.44k £499.40k £559.34k £671.63k £601.30k
Expenditure - Investment management £0 £0 £0 £0 £0
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 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £496.44k £549.11k £743.26k £560.07k £1.15m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £50.15k £41.91k £230.35k £136.91k £78.04k

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 December 2023 16 July 2024 On Time
Accounts and TAR 31 December 2023 16 July 2024 On Time Download Open in new window
Annual return 31 December 2022 24 August 2023 On Time
Accounts and TAR 31 December 2022 24 August 2023 On Time Download Open in new window
Annual return 31 December 2021 05 July 2022 On Time
Accounts and TAR 31 December 2021 05 July 2022 On Time Download Open in new window
Annual return 31 December 2020 09 July 2021 On Time
Accounts and TAR 31 December 2020 09 July 2021 On Time Download Open in new window
Annual return 31 December 2019 23 June 2020 On Time
Accounts and TAR 31 December 2019 23 June 2020 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 01 FEB 1978 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 08 MAY 1998 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 10 AUG 1998 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 12 MAY 2000 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 04 JUN 2010 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 14 JUN 2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21 JUN 2018 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 17 DEC 2020 as amended on 15 Jun 2021

Charitable objects

THE ADVANCEMENT OF THE EDUCATIONAL AND CULTURAL FACILITIES FOR THE PUBLIC BENEFIT THROUGHOUT THE UNITED KINGDOM, THE REPUBLIC OF IRELAND, THE CHANNEL ISLANDS AND THE ISLE OF MAN PROVIDED BY INDEPENDENT MUSEUMS, GALLERIES AND HERITAGE ORGANISATIONS. IN RESPECT OF THIS THE COMPANY DEFINES INDEPENDENCE AS TAKING RESPONSIBILITY FOR YOUR OWN DECISIONS, BEING ACCOUNTABLE FOR THEM, AND FOR NOT BEING SUBJECT TO ANOTHER’S AUTHORITY, NOR DEPENDENT ON ANOTHER FOR YOUR EXISTENCE.

Area of benefit

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

UNITED KINGDOM, REPUBLIC OF IRELAND, CHANNEL ISLANDS AND ISLE OF MAN

Contact information

Address:
ASSOCIATION OF INDEPENDENT MUSEUMS
AIM Office
National Waterways Museum
Ellesmere Port
CH65 4FW
Phone:
01495774127
Email:
aimadmin@aim-museums.co.uk
Website:

www.aim-museums.co.uk Open in new window