IPSWICH MARITIME TRUST LIMITED
Maritime talks, exhibitions and allied charitable activities in Ipswich and Suffolk
Objects
TO PROMOTE THE EDUCATION OF THE PUBLIC IN MARITIME HISTORY AND THE SCIENCE OF SHIPPING AND RELATED SUBJECTS CAPABLE OF ACADEMIC STUDY ESPECIALLY IN RELATION TO SUFFOLK. (FOR FURTHER DETAILS SEE CLAUSE 3(B) OF MEMORANDUM AND ARTICLES OF ASSOCIATION).
Financial health, per its FY2025 accounts
The charity holds unrestricted reserves of £54,793, which the trustees state are required to bridge the gap between spending and income and cover funding shortfalls for charitable activities. The accounts were prepared on a going concern basis, with trustees expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The financial statements were subject to an independent examination rather than a full audit.
What the accounts disclose
“Our reserves are required to bridge the gap between spending and received income, and to provide funds to cover our various charitable activities. Our Window Museum is part of a hoped-for larger group and for this reason, together with our aspiration to have a Maritime Museum in Ipswich, that we need reserves to cover any funding shortfall that may arise as this develops.” — page 4
Policies the charity declares
- Complaints handling
- Conflicting interests
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 15
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 10
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 10
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/12/2022 (received 15/01/2024, 76 days after the 31/10/2023 due date).
Trustees
- Andrew Harston MBE
- Catherine Elizabeth Shelbourne
- Councillor Adam Rae
- Richard Fayers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £115k | £98k |
| 31/12/2024 | £11k | £14k |
| 31/12/2023 | £13k | £17k |
| 31/12/2022 | £13k | £16k |
| 31/12/2021 | £12k | £12k |
Common questions
Is IPSWICH MARITIME TRUST LIMITED financially healthy?
Per its FY2025 accounts: The charity holds unrestricted reserves of £54,793, which the trustees state are required to bridge the gap between spending and income and cover funding shortfalls for charitable activities. The accounts were prepared on a going concern basis, with trustees expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The financial statements were subject to an independent examination rather than a full audit. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 13/03/2025 | £135k | "The Ipswich Heritage Harbour Project - Phase 1: mobilisation-&-testing" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE I T F SEAFARERS TRUST | 1 | £283k |
| E B M CHARITABLE TRUST | 1 | £104k |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £20k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £20k |
| JOHNNIE JOHNSON TRUST | 1 | £13k |
| THE ROZAC CHARITABLE TRUST | 1 | £12k |
| LLOYD'S REGISTER FOUNDATION | 1 | £10k |
| THE GEOFF & FIONA SQUIRE FOUNDATION | 1 | £9k |
Charities like this
- CITYCOAST TRUST
- M O CHARITABLE TRUST
- INTERNATIONAL CHRISTIAN MARITIME ASSOCIATION
- ISLINGTON BOAT CLUB
- CHARITWORTH LIMITED
- THE STROUDWATER TEXTILE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| IPSWICH MARITIME TRUST LIMITED | £115k | — | 0 | unclear | — | no doubt |
| CITYCOAST TRUST | £467k | — | 0 | below | — | no doubt |
| M O CHARITABLE TRUST | £146k | — | 0 | within | — | no doubt |
| INTERNATIONAL CHRISTIAN MARITIME ASSOCIATION | £231k | — | — | unclear | — | no doubt |
| ISLINGTON BOAT CLUB | £190k | — | 0 | unclear | — | no doubt |
| CHARITWORTH LIMITED | £3.3m | — | 0 | unclear | — | no doubt |