MV BALMORAL FUND LIMITED
For the public benefit to preserve and exhibit in sailing condition the historic vessel MV Balmoral and to advance the education of the public through the provision of educational material relating to the industrial and maritime historic period represented by MV Balmoral and the architecture of the surrounding coastline.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £12,657 for the year, resulting in a decrease in total funds from £281,197 to £268,540. The trustees acknowledge that while the financial position remains strong, further significant funds are required to restore the vessel to sailing condition. The charity holds £94,777 in cash reserves against a stated policy target of retaining £20,000 to £40,000.
What the accounts disclose
“In 2024 payments totalling £12,248 were made to a trustee for restorative work undertaken on MV Balmoral and in managing the drydocking of the ship. The arrangements for these payments were approved by the trustees in accordance with The Charities Act 2011 and Charity Commission guidance (Trustee expenses and payments [CC11]). No such payments were made in 2025.” — page 34
“During the period the Fund made grants of £1,500 (2024: £6,081) to the subsidiary.”
“Trustees of the group made donations to MV Balmoral Fund Limited totalling £120 (2024: £3,585).” — page 34
“During the period the Fund made grants of £1,500 (2024: £6,081) to the subsidiary.”
“Trustees of the group made donations to MV Balmoral Fund Limited totalling £120 (2024: £3,585).” — page 34
“During the period the Fund made grants of £1,500 (2024: £6,081) to the subsidiary.”
“Trustees of the group made donations to MV Balmoral Fund Limited totalling £120 (2024: £3,585).” — page 34
“The charity owns the whole of the issued share capital of White Funnel Limited, a trading subsidiary.” — page 27
Register events
- Received assets from another charity (22/02/2023)
Trustees
- William Benjamin Boultchair
- Andrew David Westmore
- DAVID GWYN BASSETT
- Dominic James Mc Call
- John Robert Thomas
- Stephen Paul Colledge
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £132k | £144k |
| 31/10/2024 | £354k | £128k |
| 31/10/2023 | £93k | £131k |
| 31/10/2022 | £77k | £99k |
| 31/10/2021 | £77k | £77k |
Common questions
Is MV BALMORAL FUND LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £12,657 for the year, resulting in a decrease in total funds from £281,197 to £268,540. The trustees acknowledge that while the financial position remains strong, further significant funds are required to restore the vessel to sailing condition. The charity holds £94,777 in cash reserves against a stated policy target of retaining £20,000 to £40,000. Its FY2025 accounts were independently examined.
Who funds MV BALMORAL FUND LIMITED?
Funders whose own accounts filings name MV BALMORAL FUND LIMITED as a grant recipient include THE ORR MACKINTOSH FOUNDATION LIMITED.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ORR MACKINTOSH FOUNDATION LIMITED | FY2025 | £10k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 22/01/2024 | £248k | "Save MV Balmoral for Bristol and Beyond" |
| UK government | 13/11/2023 | £10k | Community Engagement Fund |