THE HMS TRINCOMALEE TRUST
The maintenance, conservation and presentation of the frigate HMS Trincomalee. The Trust opens the Ship for public visits, educational and learning visits, functions and events throughout the year.
Objects
(I)TO RESTORE REFURBISH IMPROVE MAINTAIN AND PRESERVE THE VESSEL HMS TRINCOMALEE OTHERWISE AND FORMERLY KNOWN AS TS FOUDROYANT. (II)TO PROVIDE FACILITIES OF AN EDUCATIONAL OR CULTURAL NATURE CALCULATED TO IMPROVE THE PUBLIC'S AWARENESS AND APPRECIATION OF THE SHIP'S HISTORICAL PAST. (III)TO PROVIDE RECREATION AND PUBLIC ENJOYMENT BY THE PROMOTION AND EXPLANATION OF MATTERS CONCERNING BRITAIN'S NAVAL HERITAGE. (IV) TO COLLECT RESTORE SAFEGUARD AND PROVIDE INTERPRETATION OF ARTEFACTS SPECIMENS AND OTHER ITEMS RELATING TO THE SHIP AND THE NAVAL LIFE OF THE PERIOD AND BRITAIN'S MARITIME HERITAGE IN GENERAL (V)TO PROVIDE TRAINING IN SEAMANSHIP AND PROJECTS AND ACTIVITIES TO THE PUBLIC OF A GENERAL EDUCATIONAL NATURE.
Financial health, per its FY2025 accounts
The accounts state that total incoming resources were £184,657, entirely derived from a grant by the National Museum, while total expenditure was £184,156, resulting in a net surplus of £501. The charity holds significant net assets of £21,394,195, primarily consisting of heritage assets, though its free unrestricted reserves are minimal at £672. The Trustees and auditors confirm the going concern basis is appropriate, with future expenditure limited to governance costs and grants to the operator.
What the accounts disclose
“The Group policy is that there is no requirement to accumulate free reserves within the subsidiary charities and trusts and that any reserves held will be appropriately used, as approved by the Board, for the furtherance of the Trust’s charitable objects.”
Policies the charity declares
- 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
- Investing charity funds policy and procedures
- 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
Property (HM Land Registry)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £185k | £184k |
| 31/03/2024 | £77k | £77k |
| 31/03/2023 | £44k | £35k |
| 31/03/2022 | £5k | £6k |
| 31/03/2021 | £13k | £11k |
Common questions
Is THE HMS TRINCOMALEE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total incoming resources were £184,657, entirely derived from a grant by the National Museum, while total expenditure was £184,156, resulting in a net surplus of £501. The charity holds significant net assets of £21,394,195, primarily consisting of heritage assets, though its free unrestricted reserves are minimal at £672. The Trustees and auditors confirm the going concern basis is appropriate, with future expenditure limited to governance costs and grants to the operator. Its FY2025 accounts were audited by Price Bailey LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 30/11/2007 | £120k | "HMS Trincomalee-information, interpretation and lower rigging" |
| Northern Rock Foundation | 10/10/2006 | £158k | Grant awarded to HMS Trincomalee Trust (Tees Valley) |
| The National Lottery Heritage Fund | 01/04/2005 | £46k | "HMS Trincomalee - Final restoration costs" |
| Northern Rock Foundation | 08/07/2003 | £242k | Grant awarded to HMS Trincomalee Trust (Tees Valley) |
| The National Lottery Heritage Fund | 22/07/1997 | £116k | "HMS Trincomalee, Hartlepool - Development Study" |
| The National Lottery Heritage Fund | 20/05/1997 | £4.0m | "HMS Trincomalee Restoration Project, Hartlepool" |
| The National Lottery Heritage Fund | 22/11/1995 | £975k | "HMS Trincomalee, Hartlepool" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HMS VICTORY PRESERVATION ENDOWMENT FUND | 1 | £11.8m |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £50k |
| THE NISBET TRUST | 1 | £31k |
| The Portal Trust | 1 | £16k |
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £15k |
| THE HEADLEY TRUST | 1 | £10k |
| LLOYD'S REGISTER FOUNDATION | 1 | £10k |
| EDITH MURPHY FOUNDATION | 1 | £10k |
Charities like this
- SS GREAT BRITAIN TRUST
- THE MASTER PILOTS AND SEAMEN OF THE CORPORATION OF THE TRINITY HOUSE, NEWCASTLE UPON TYNE
- THE WELLINGTON TRUST
- NMRN OPERATIONS
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- TRINITY BUOY WHARF TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HMS TRINCOMALEE TRUST | £185k | — | 0 | unclear | — | no doubt |
| SS GREAT BRITAIN TRUST | £5.1m | £90,001 - £100,000 | 2 | below | — | no doubt |
| THE MASTER PILOTS AND SEAMEN OF THE CORPORATION OF THE TRINITY HOUSE, NEWCASTLE UPON TYNE | £189k | — | 0 | above | — | no doubt |
| THE WELLINGTON TRUST | £364k | — | 0 | unclear | — | no doubt |
| NMRN OPERATIONS | £21.5m | — | — | unclear | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |