NATIONAL MARITIME MUSEUM CORNWALL TRUST
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.
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
“In the band £80,001 -£90,000” — page 30
“The Trustees intend to continue to rebuild free reserves to represent six months' expenditure.”
Funders the charity credits
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr Patrick John Newberrychair
- Coralie Green
- Dame Shan Morgan
- Dr Jo Esra
- Margaret Ellen Winser
- Michael Griffiths
- Michael John Carr
- ROBERT MICHAEL HOLMES
- Sam Hugh D'Aquilar Hunt
- Susan Mary Bradbury
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE HEADLEY TRUST | FY2022 | £10k | Arts & Heritage - UK Covid-19 Revenue Support Grants. |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 25/01/2024 | £499k | Museum Estate and Development fund |
| The National Lottery Heritage Fund | 22/06/2020 | £250k | "COVID19 National Maritime Museum Cornwall" |
| UK government | 01/04/2019 | £97k | Investment in infrastructure to support our developing major temporary exhibition programme |
| The National Lottery Heritage Fund | 06/12/2017 | £9k | "Titanic Stories: Contemporary Voices" |
| The National Lottery Heritage Fund | 16/09/2015 | £50k | "The Enterprise Project" |
| The National Lottery Heritage Fund | 09/07/2014 | £75k | "Viking Voyagers" |
| The National Lottery Heritage Fund | 29/03/2012 | £50k | "NMMC Corporate Plan 2012 - 2016" |
| The National Lottery Heritage Fund | 05/08/2009 | £30k | "Our Lighthouse Heritage" |
| The National Lottery Heritage Fund | 21/08/2006 | £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 Fund | 21/08/2006 | £9k | Cornish Voices |
| The National Lottery Heritage Fund | 23/04/1998 | £18.4m | "Falmouth Maritime Initiative" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HMS VICTORY PRESERVATION ENDOWMENT FUND | 1 | £11.8m |
| THE BANISTER CHARITABLE TRUST | 1 | £341k |
| THE DUKE OF CORNWALL'S CHARITABLE FOUNDATION | 1 | £85k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £50k |
| THE NISBET TRUST | 1 | £31k |
| Norwich Freemen's Charity | 1 | £25k |
| THE ARCHITECTURAL HERITAGE FUND | 1 | £19k |
| ALAN BOSWELL GROUP CHARITABLE TRUST | 1 | £10k |
Charities like this
- THE CORNWALL HERITAGE TRUST LIMITED
- THE CORNWALL BUILDINGS PRESERVATION TRUST
- NMRN OPERATIONS
- SS GREAT BRITAIN TRUST
- CORNWALL HISTORIC CHURCHES TRUST
- NML FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |
| THE CORNWALL HERITAGE TRUST LIMITED | £1.2m | — | 0 | unclear | — | no doubt |
| THE CORNWALL BUILDINGS PRESERVATION TRUST | £150k | — | 0 | unclear | — | no doubt |
| NMRN OPERATIONS | £21.5m | — | — | unclear | — | no doubt |
| SS GREAT BRITAIN TRUST | £5.1m | £90,001 - £100,000 | 2 | below | — | no doubt |
| CORNWALL HISTORIC CHURCHES TRUST | £333k | — | 0 | unclear | — | no doubt |