THE CORNISH MARITIME TRUST
Restoration and display of historic sailing vessels for the education of the public
Objects
TO PROVIDE FOR THE EDUCATION AND BENEFIT OF THE NATION, WORKING HISTORICAL VESSELS THEIR APPURTENANCES AND OTHER OBJECTS CONECTED WITH MARITIME OPERATIONS
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”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- 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
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 100
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 200
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 50
- Government income: £2,953 — grants £2,953 (1); 19% of the £15,525 total gross income on the same return
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/12/2021 (received 08/11/2022, 8 days after the 31/10/2022 due date).
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" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THREE PILLARS TRUST | 1 | £137k |
| ZOREYA TZEDOKOS | 1 | £66k |
| THE VALENTINE CHARITABLE TRUST | 1 | £36k |
| THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATION | 1 | £35k |
| Norwich Freemen's Charity | 1 | £25k |
| ALAN BOSWELL GROUP CHARITABLE TRUST | 1 | £10k |
| THE GEOFFREY WATLING CHARITY | 1 | £10k |
| THE HEADLEY TRUST | 1 | £10k |
Charities like this
- THE OCEAN TRUST
- HOLYHEAD MARITIME MUSEUM LTD
- THE NORFOLK HERITAGE FLEET TRUST
- MERCHANT TAYLORS' EDUCATIONAL TRUST
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- WHITLINGHAM BOATHOUSES FOUNDATION LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CORNISH MARITIME TRUST | £19k | — | 0 | unclear | — | no doubt |
| THE OCEAN TRUST | £145k | — | 0 | unclear | — | no doubt |
| HOLYHEAD MARITIME MUSEUM LTD | £89k | — | 0 | above | — | no doubt |
| THE NORFOLK HERITAGE FLEET TRUST | £479k | — | 0 | above | — | no doubt |
| MERCHANT TAYLORS' EDUCATIONAL TRUST | £336k | — | 0 | below | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |