FURNESS MARITIME TRUST
To advance the education of the public by the establishment of a Maritime Museum in the Borough of Barrow-in-Furness and to collect, preserve restore, improve enhance, use and maintain features and objects of historical, industrial and social interest relating to the past and in particular the Maritime history of the Furness District.
Financial health, per its FY2025 accounts
The accounts state that net assets increased to £308,746.35 as of 31 March 2025, driven by a significant individual bequest of £190,000. The charity reported no creditors and maintained unrestricted reserves of £308,746.35, indicating a strong liquidity position with no stated financial risks or dependencies.
What the accounts disclose
“During 2024-2025, £195,525.50 was collected with £190,000 from an individual bequest and the balance in general donations, £2,507.53 was earned in bank interest.” — page 1
Trustees
- Frank Cassidy
- SUSAN MICHELLE ROBERTS
- Therese Assouad
- Westmorland and Furness Council
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £198k | £47k |
| 31/03/2024 | £11k | £211 |
| 31/03/2023 | £29k | £10k |
| 31/03/2022 | £88k | £10k |
| 31/03/2021 | £9k | £0 |
Common questions
Is FURNESS MARITIME TRUST financially healthy?
Per its FY2025 accounts: The accounts state that net assets increased to £308,746.35 as of 31 March 2025, driven by a significant individual bequest of £190,000. The charity reported no creditors and maintained unrestricted reserves of £308,746.35, indicating a strong liquidity position with no stated financial risks or dependencies.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEADLEY TRUST | 1 | £10k |
| THE LESLIE SMITH FOUNDATION | 1 | £7k |
Charities like this
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- BURGHLEY HOUSE PRESERVATION TRUST LIMITED
- TRINITY BUOY WHARF TRUST
- HOLMFIRTH CIVIC HALL COMMUNITY TRUST
- YORK CIVIC TRUST
- MERLIN THEATRE TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FURNESS MARITIME TRUST | £198k | — | 0 | unclear | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |
| BURGHLEY HOUSE PRESERVATION TRUST LIMITED | £17.7m | over £60,000 | 10 | unclear | — | no doubt |
| TRINITY BUOY WHARF TRUST | £430k | — | 0 | below | — | no doubt |
| HOLMFIRTH CIVIC HALL COMMUNITY TRUST | £222k | — | 0 | unclear | — | no doubt |
| YORK CIVIC TRUST | £500k | — | 0 | above | — | no doubt |