PK PORTHCURNO
PK Porthcurno preserves the important historic buildings and collections relating to the telegraph station at Porthcurno. It educates the general public about the history of the telegraph station and provides internationally significant archive and research resources for study of the history of international telecommunications.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £3,068,286, significantly exceeding the trustees' stated policy target of £125,000. Although the charity reported a net expenditure for the year, it holds substantial net assets of £5,116,262 and maintains a healthy cash position, with the trustees confirming no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The target reserves are £125,000.” — page 10
“CEO & Creative Director has use of accommodation in Mercury House as part of the terms of her employment contract.” — page 28
“Spouse of the CEO & Creative Director. Transactions totalling £2,590 (2024: £5,809) took place during the year in relation to exhibition research and curation and some employment.” — page 36
“CEO & Creative Director has use of accommodation in Mercury House as part of the terms of her employment contract.” — page 28
“Spouse of the CEO & Creative Director. Transactions totalling £2,590 (2024: £5,809) took place during the year in relation to exhibition research and curation and some employment.” — page 36
“Some of these activities are carried out through a subsidiary company, Porthcurno Enterprises Limited, which donates its profits to the Trust.” — page 9
Funders the charity credits
- Garfield Weston Foundation
- Cornwall Council
- Arts Council England
- Cable & Wireless
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/12/2021)
Trustees
- Andrew James MacLeod
- DAVID GEORGE FOOT
- Deborah Tritton
- Dr Cassandra Rose Newland
- Gordon Robert Johnston
- JULIE SEYLER
- Richard Charles Perry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £969k | £1.1m |
| 31/03/2024 | £731k | £999k |
| 31/03/2023 | £649k | £886k |
| 31/03/2022 | £1.5m | £920k |
| 31/03/2021 | £376k | £378k |
Common questions
Is PK PORTHCURNO financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £3,068,286, significantly exceeding the trustees' stated policy target of £125,000. Although the charity reported a net expenditure for the year, it holds substantial net assets of £5,116,262 and maintains a healthy cash position, with the trustees confirming no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by RRL LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 10/05/2021 | £16k | Culture Recovery Fund - Grants programme |
| The National Lottery Heritage Fund | 17/08/2020 | £29k | "COVID19:PK Porthcurno" |