LYDIA EVA AND MINCARLO CHARITABLE TRUST LIMITED
The trust aims to restore, preserve and maintain its two historic fishing vessels, the 'Lydia Eva' YH89 and the 'Mincarlo' LT412 as floating museums, open to the public to interpret the social history of Great Yarmouth and Lowestoft, together with the story of the vessels themselves.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a loss of £12,272 for the year ended 31 March 2025, funded by drawing down £20,000 from an emergency fund. The Treasurer's report explicitly states the organization is 'broke' and warns that 'The end is now within the next 3-4 years' due to unsustainable operating costs and declining donations. Net assets decreased from £71,581 to £59,309, with cash reserves significantly depleted to cover immediate liabilities.
What the accounts disclose
“Income Donations, gifts and grants 42,198 18,397”
Trustees
- PAUL MITCHELLchair
- Amy Kathleen Whittingstall
- Ernie Artis
- John James Knowles
- Mark Richard Waltham
- Morris Jackman
- Stewart Bowers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £42k | £57k |
| 31/03/2024 | £18k | £18k |
| 31/03/2023 | £22k | £26k |
| 31/03/2022 | £80k | £38k |
| 31/03/2021 | £1k | £44k |
Common questions
Is LYDIA EVA AND MINCARLO CHARITABLE TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a loss of £12,272 for the year ended 31 March 2025, funded by drawing down £20,000 from an emergency fund. The Treasurer's report explicitly states the organization is 'broke' and warns that 'The end is now within the next 3-4 years' due to unsustainable operating costs and declining donations. Net assets decreased from £71,581 to £59,309, with cash reserves significantly depleted to cover immediate liabilities.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 23/06/2005 | £871k | "Save the Lydia Eva" |