Charity Accounts Intelreading the accounts so you don’t have to

NATIONAL MARITIME MUSEUM CORNWALL TRUST

Registered charity 1067884 · accounts filings on the Charity Commission register · also known as NATIONAL MARITIME MUSEUM CORNWALL, NMMC

Get email alerts for this charity

Latest income
£2.4m
Latest spending
£3.0m
Registered
1998
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total group reserves decreased to £25,677,660 from £26,712,864 in the prior year, driven by a net expenditure of £1,035,204. Unrestricted funds stood at £4,089,214, while free reserves (excluding fixed assets) were in deficit by £272,145. The Trustees maintain that the charity has adequate resources to continue as a going concern for the foreseeable future.

What the accounts disclose

Highest-paid employee band: £80,001 - £90,000 — above the median for charities its size (£70k)
“In the band £80,001 -£90,000” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: six months' expenditure (held: £4.1m)
“The Trustees intend to continue to rebuild free reserves to represent six months' expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming Audit Limited. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — National Maritime Museum Cornwall Trust (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.4m
Total spending
£3.0m
Cost of raising funds
£294k
Reserves (reported)
£4.1m
Employees
51

Reported reserves equal ~16.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
31/03/2025£2.4m£3.0m
31/03/2024£4.8m£3.0m
31/03/2023£2.1m£3.2m
31/03/2022£2.7m£2.4m
31/03/2021£2.0m£1.9m

Common questions

Is NATIONAL MARITIME MUSEUM CORNWALL TRUST financially healthy?

The accounts state that total group reserves decreased to £25,677,660 from £26,712,864 in the prior year, driven by a net expenditure of £1,035,204. Unrestricted funds stood at £4,089,214, while free reserves (excluding fixed assets) were in deficit by £272,145. The Trustees maintain that the charity has adequate resources to continue as a going concern for the foreseeable future. Its FY2025 accounts were audited by Bishop Fleming Audit Limited.

What does the highest-paid employee of NATIONAL MARITIME MUSEUM CORNWALL TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund22/06/2020£250k"COVID19 National Maritime Museum Cornwall"
The National Lottery Heritage Fund06/12/2017£9k"Titanic Stories: Contemporary Voices"
The National Lottery Heritage Fund16/09/2015£50k"The Enterprise Project"
The National Lottery Heritage Fund09/07/2014£75k"Viking Voyagers"
The National Lottery Heritage Fund29/03/2012£50k"NMMC Corporate Plan 2012 - 2016"
The National Lottery Heritage Fund05/08/2009£30k"Our Lighthouse Heritage"
The National Lottery Heritage Fund21/08/2006£10k"The Group Will Develop A New Pilot Museum Theatre Programme Featuring Local Cornish Life History. The Work Will Be Led By The Cornish Theatr"
The National Lottery Heritage Fund23/04/1998£18.4m"Falmouth Maritime Initiative"