THE CORNISH MARITIME TRUST
Restoration and display of historic sailing vessels for the education of the public
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £18,234, which is below the trustees' stated optimum target of £12,000 (though the policy defines the target as enabling 12 months of objectives, the actual figure exceeds the specific 'optimum' number cited). The charity reported a surplus of £1,068 for the year, with total income of £36,009 and expenditure of £34,941, indicating stable operational finances without reliance on external funding for immediate continuity.
What the accounts disclose
“The Trustees consider the optimum level of Reserves to be £12,000”
Register events
- Received assets from another charity (02/02/2024)
Trustees
- David Need
- Ian Woodford
- John Robert BROOKS
- Robert McDowell
- Toby Floyer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £19k | £16k |
| 31/12/2024 | £36k | £35k |
| 31/12/2023 | £16k | £11k |
| 31/12/2022 | £15k | £16k |
| 31/12/2021 | £10k | £13k |
Common questions
Is THE CORNISH MARITIME TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £18,234, which is below the trustees' stated optimum target of £12,000 (though the policy defines the target as enabling 12 months of objectives, the actual figure exceeds the specific 'optimum' number cited). The charity reported a surplus of £1,068 for the year, with total income of £36,009 and expenditure of £34,941, indicating stable operational finances without reliance on external funding for immediate continuity. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 15/03/2005 | £160k | ""Barnabas" Restoration" |
| The National Lottery Heritage Fund | 17/01/2002 | £31k | "Softwing Project" |