NATIONAL MARITIME MUSEUM CORNWALL TRUST

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

To maintain and develop a museum to advance knowledge and promote an understanding of both small boats and their place in people's lives, and the maritime heritage of Cornwall.

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

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).

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Property (HM Land Registry)

7 registered titles in England and Wales held by the charity’s company or corporate body (5 freehold); recorded price paid £1.6m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

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).

Per its annual return, largest income source: Charitable activities (47% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 12.2% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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?

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. 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.

Who funds NATIONAL MARITIME MUSEUM CORNWALL TRUST?

Funders whose own accounts filings name NATIONAL MARITIME MUSEUM CORNWALL TRUST as a grant recipient include THE HEADLEY TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE HEADLEY TRUSTFY2022£10kArts & Heritage - UK Covid-19 Revenue Support Grants.

Government & lottery funding

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

FunderDateAmountPurpose
UK government25/01/2024£499kMuseum Estate and Development fund
The National Lottery Heritage Fund22/06/2020£250k"COVID19 National Maritime Museum Cornwall"
UK government01/04/2019£97kInvestment in infrastructure to support our developing major temporary exhibition programme
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 Community Fund21/08/2006£9kCornish Voices
The National Lottery Heritage Fund23/04/1998£18.4m"Falmouth Maritime Initiative"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE CORNWALL HERITAGE TRUST LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NATIONAL MARITIME MUSEUM CORNWALL TRUST£2.4m£80,001 - £90,000—unclear—no doubt
THE CORNWALL HERITAGE TRUST LIMITED FY2025£1.2m—0unclear—no doubt
THE CORNWALL BUILDINGS PRESERVATION TRUST FY2025£150k—0unclear—no doubt
NMRN OPERATIONS FY2025£21.5m——unclear—no doubt
SS GREAT BRITAIN TRUST FY2025£5.1m£90,001 - £100,0002below—no doubt
CORNWALL HISTORIC CHURCHES TRUST FY2025£333k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.