What is the financial size of SHEFFIELD MUSEUMS TRUST?

SHEFFIELD MUSEUMS TRUST is classified as a large charity. In the latest financial year, they reported a total income of £5,235,000 and total expenditure of £5,897,000.

How does SHEFFIELD MUSEUMS TRUST allocate its spending?

For every pound spent, approximately 85.1% goes directly to charitable activities. The remaining 14.9% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

What is the workforce structure of SHEFFIELD MUSEUMS TRUST?

SHEFFIELD MUSEUMS TRUST employs 128 staff members and is supported by 247 volunteers.

Does SHEFFIELD MUSEUMS TRUST receive government funding?

Yes. Approximately 55.7% of their income comes from government grants or contracts.

Does SHEFFIELD MUSEUMS TRUST pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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SHEFFIELD MUSEUMS TRUST

#1194032

Charitable company•Large•Registered

www.sheffieldmuseums.org.uk

The advancement of education by the establishment and maintenance of museums and galleries in sheffield. The care, management, display and development of collections including the collection of sheffield city council.

Registered address

Leader House, Surrey Street, S1 2LH

Latest HighlightsFY 2024

Income

All sources

£5,235,000

Expenditure

All activities

£5,897,000

Net Reserves

Unrestricted funds

£976,000

Total Assets

Gross assets

£10,646,000

Working Capital

Liquidity

£1,339,000

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

2.0 months

Median: 3.8 monthsAround typical

Income Growth (1yr)

20.7%

Median: 7.4%Around typical

Spending Efficiency

85.1%

Median: 97.8%Below typical

Income Concentration

65.4%

Median: 87.9%Around typical

Fundraising ROI

6.0x

Median: 19.2xAround typical

Income Volatility

38.4%

Median: 20.6%Around typical

Self-Generated Income

66.8%

Median: 82.9%Around typical

3-Year Income CAGR

N/A

Median: 7.8%Unknown

Efficiency & Health

Charitable Spending

85.1%

Fundraising Eff.

% income retained

6.0%

Governance Cost

% of expenditure

1.1%

Grant Making

% given away

Debt Ratio

% of assets

10.3%

Survival Ratio

Months of reserves

2.0 months

Income Profile

Donations & Legacies

% of income

29.6%

Government Reliance

% of income

55.7%

Largest Source

Primary income

Government

Diversification

HHI: 6536

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

20.7%↑

Income CAGR (3yr)

Compound growth

N/A

Volatility

High Volatility

38.4%

Reserves Trend

Direction

Stable

Governance

Employees

Staff count

128

Volunteers

Volunteer count

247

Volunteer Ratio

Per staff member

1.9:1

Revenue/Employee

Per head

£40,898

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

2.3%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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