NATIONAL MUSEUM OF LABOUR HISTORY(THE)

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Slade & Cooper Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. NATIONAL MUSEUM OF LABOUR HISTORY(THE) · parent
   1. National Museum of Labour History Trading Company Limited 100% · England and Wales · non-primary purpose trading activities including running of the Museum shop, corporate room hire and other income generation activities.

Significant events

• “The museum welcomed almost 81,000 visitors between 1 April 2024 and 31 March 2025, an increase on the previous year.”
• “Education and youth engagement remains core to the museum's purpose, with a newly developed learning programme focusing on inspiring and equipping young people with the confidence and skills they need to use their voice in making change.”
• “Our annual banner exhibition opened in January 2025 showcasing 27 historic and contemporary banners from PHM's vast banner collection. The exhibition was curated to reflect significant campaigns, varying through time and topic”
• “During the year the commercial team worked to relaunch our Venue Hire offer, with the appointment of a new commercial team manager, creation of the new Riverside Room overlooking the River Irwell and a completely refresh of the heritage spaces”
• “Development of the museum's public programme continued with highlights being Solidarity Forever: 40 Years of LGSM an evening of collections, communities, and conversations to mark 40 years since the 1984 to 1985 Miners' Strike”
• “The financial year was extremely challenging for the museum, with a forecast deficit position driven by interlinked external factors. Income was impacted by visitor numbers which have not returned to pre-pandemic levels representing a loss of secondary spend, and major funding agreements have been awarded at a standstill level rather than in line with inflation.”
• “The need to stabilise the cost base led to a full spending review and some extremely difficult decisions. Actions included freezing vacant posts and all non-essential expenditure and sadly a staff restructure and redundancy programme.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +25.5%

  £214,667 → £269,353

• Cash

  +10.3%

  £253,302 → £279,272

• Net assets

  -1.9%

  £9,511,161 → £9,326,623

• Employees

  -12.8%

  39 → 34

• Profit before tax

  +29.7%

  -£262,636 → -£184,538

• Wages

  -18.5%

  £846,755 → £690,147

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers