MTB 102 TRUST
Preservation and operation of MTB 102, which is listed on the National Historic Ships Register.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £212,058, up from £193,590 in the prior year, following a net incoming resource surplus of £18,468. The trustees report that systems are in place to mitigate financial risks and confirm there are no uncertainties regarding the charity continuing as a going concern.
What the accounts disclose
Trustees
- RICHARD GEORGE BASEYchair
- MICHAEL SIDNEY HILL
- PHILIP ROSS NORTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £70k | £51k |
| 31/10/2024 | £68k | £60k |
| 31/10/2023 | £66k | £54k |
| 31/10/2022 | £68k | £54k |
| 31/10/2021 | £68k | £56k |
Common questions
Is MTB 102 TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds increased to £212,058, up from £193,590 in the prior year, following a net incoming resource surplus of £18,468. The trustees report that systems are in place to mitigate financial risks and confirm there are no uncertainties regarding the charity continuing as a going concern. Its FY2025 accounts were independently examined.