WHEAL MARTYN TRUST LTD
The charity is established to secure for the benefit of the public the preservation and maintenance of features and objects of historical interest in the area of St. Austell and the surrounding districts of Cornwall including the provision of an industrial museum relating to the China clay industry.
Objects
TO SECURE FOR THE BENEFIT OF THE PUBLIC THE PRESERVATION,RESTORATION,IMPROVEMENT,ENHANCEMENT AND MAINTENANCE OF FEATURES AND OBJECTS OF HISTORICAL AND INDUSTRIAL INTEREST IN THE AREA OF ST.AUSTELL AND THE SURROUNDING DISTRICTS OF CORNWALL INCLUDING THE PROVISION OF AN INDUSTRIAL MUSEUM RELATING TO THE CHINA CLAY INDUSTRY AND THE ORGANISATION OF MEETINGS,EXHIBITIONS,LECTURES,PUBLICATIONS AND OTHER FORMS OF INSTRUCTION RELEVANT TO THE HISTORICAL AND INDUSTRIAL DEVELOPMENT OF CENTRAL CORNWALL.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £1,647 for the year, with total reserves increasing to £1,689,859. The trustees confirm that free reserves of £130,332 exceed the stated policy target of £100,000, and the auditor has concluded there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees have agreed to maintain the reserves target at £100,000. This is in response to the continued economic concerns affecting the tourism industry in Cornwall and the significant roadworks occurring in year which may have a detrimental impact on visitor numbers. These reserves will cover core operating costs for at least two months, lease commitments and an allowance for unbudgeted costs or a downturn in income. The reserves target relates to the unrestricted free reserves only and excludes fixed assets.”
“The charity has taken advantage of the exemption which is available under Financial Reporting Standard 102 to not disclose transactions with its parent charitable company and other wholly owned subsidiaries, as the company is a wholly-owned subsidiary of South West Lakes Trust.” — page 42
“The charity’s wholly-owned trading subsidiary ‘Wheal Martyn Enterprises Limited’, registered in England, Company No. 02599839, conducted non-charitable trading.” — page 17
Policies the charity declares
- Bullying and harassment policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- 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
Funders the charity credits
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/01/2025)
Trustees
- JOHN WOODchair
- Jacqueline Swain
- MALCOLM BELL
- SOUTH WEST LAKES TRUST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £613k | £611k |
| 31/01/2024 | £635k | £566k |
| 31/01/2023 | £555k | £569k |
| 31/01/2022 | £530k | £594k |
| 31/01/2021 | £460k | £417k |
Common questions
Is WHEAL MARTYN TRUST LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £1,647 for the year, with total reserves increasing to £1,689,859. The trustees confirm that free reserves of £130,332 exceed the stated policy target of £100,000, and the auditor has concluded there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by PKF Francis Clark.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/02/2024 | £220k | "Readying Wheal Martyn for the Future" |
| The National Lottery Heritage Fund | 01/06/2020 | £60k | "COVID19: Wheal Martyn" |
| UK government | 01/04/2019 | £11k | Wheal Martyn, Cornwall |
| UK government | 18/07/2018 | £19k | Wheal Martyn, Cornwall |
| The National Lottery Heritage Fund | 03/12/2015 | £1.0m | "Clay Works!" |
| The National Lottery Heritage Fund | 03/08/2011 | £48k | "Re-engaing the Clay Country with their heritage" |
| The National Lottery Heritage Fund | 12/09/2003 | £859k | "Wheal Martyn China Clay Museum - Regeneration Prog Phase I" |
| UK government | — | £8k | Management Agreement |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BANISTER CHARITABLE TRUST | 1 | £341k |
| THE DUKE OF CORNWALL'S CHARITABLE FOUNDATION | 1 | £85k |
| THE ARCHITECTURAL HERITAGE FUND | 1 | £19k |
| THE HEADLEY TRUST | 1 | £10k |
| THE CORNWALL HERITAGE TRUST LIMITED | 1 | £5k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, LISKEARD | 1 | £291 |
Charities like this
- SOUTH WEST LAKES TRUST
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- THE CORNWALL HERITAGE TRUST LIMITED
- CORNWALL CARE LIMITED
- THE TOWN MILL TRUST LYME REGIS
- NANTGARW CHINA WORKS TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WHEAL MARTYN TRUST LTD | £613k | — | 0 | unclear | — | no doubt |
| SOUTH WEST LAKES TRUST | £5.5m | — | — | above | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |
| THE CORNWALL HERITAGE TRUST LIMITED | £1.2m | — | 0 | unclear | — | no doubt |
| CORNWALL CARE LIMITED | £34.6m | — | 0 | unclear | — | not going concern |
| THE TOWN MILL TRUST LYME REGIS | £244k | — | 0 | unclear | — | no doubt |