MARITIME ARCHAEOLOGY SEA TRUST
The charity was formed to advance the education of the public in maritime heritage, focusing in particular on maritime archaeological material, including (a) the preservation and investigation of shipwrecked vessels and of historically or otherwise valuable maritime material and (b) the dissemination of the educationally useful results of such investigation to the general public.
Objects
TO ADVANCE THE EDUCATION OF THE PUBLIC IN MARITIME HERITAGE, FOCUSING IN PARTICULAR (BUT WITHOUT LIMITATION) ON MARITIME ARCHAEOLOGICAL MATERIAL, BY SUCH MEANS AS THE DIRECTORS IN THEIR DISCRETION SHALL FROM TIME TO TIME THINK FIT INCLUDING (A) THE PRESERVATION AND INVESTIGATION OF SHIPWRECKED VESSELS AND OF HISTORICALLY OR OTHERWISE VALUABLE MARITIME MATERIAL AND (B) THE DISSEMINATION OF THE EDUCATIONALLY USEFUL RESULTS OF SUCH INVESTIGATION TO THE GENERAL PUBLIC.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £14,256 for the year, yet unrestricted funds remained in a deficit of £54,018. The trustees acknowledge this deficit but express no concerns about continuing as a going concern, citing a £100,000 donation from a subsidiary and further funds expected after the year end to clear the deficit.
What the accounts disclose
“The trustees are aware that at the year end the unrestricted funds were in deficit. They have taken action since the year end to address this and as such they have no concerns about the charity's ability to continue as a going concern.”
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Leadership, per the charity’s website
- Jessica Berry — CEO
- Giles Richardson — Chief Operating Officer
- Mark Blondeau — Director
Structured financials (annual return, FY ending 30/09/2025)
Trustees
- Caroline Tuckett
- Elisabeth Bussey-Jones
- JEAN-MARC JEFFERSON
- MAJOR GENERAL PATRICK ANTHONY JOHN CORDINGLEY DSO OBE
- Mark Blondeau
- PETER CHARLES GOODSHIP
- Professor Dominic Tweddle
- Vice Admiral Sir Anthony Knox Dymock
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £1.3m | £245k |
| 30/09/2024 | £129k | £115k |
| 30/09/2023 | £84k | £162k |
| 30/09/2022 | £274k | £270k |
| 30/09/2021 | £423k | £467k |
Common questions
Is MARITIME ARCHAEOLOGY SEA TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £14,256 for the year, yet unrestricted funds remained in a deficit of £54,018. The trustees acknowledge this deficit but express no concerns about continuing as a going concern, citing a £100,000 donation from a subsidiary and further funds expected after the year end to clear the deficit. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/06/2017 | £378k | "Diving Deep - The Invincible 1744 Project" |
| The National Lottery Heritage Fund | 17/12/2015 | £21k | "Remembrance Wrecks of WW1 and WW2 Pilot Project, II" |
| UK government | — | £225k | Financial Assistance/Support |
| UK government | — | £1.1m | Financial Assistance/Support |