MARITIME ARCHAEOLOGY TRUST
Promotes interest, research and knowledge of maritime archaeology and heritage around the globe with core activities concentrated in Great Britain and in particular Hampshire and the Isle of Wight.
Financial health, per its FY2025 accounts
The charity reported a surplus of £372,404 for the year ended 31 March 2025, increasing its total funds to £703,887. The trustees state that reserves of £704,584 (including restricted funds) are above the stated minimum policy target of £200,000, which is intended to cover approximately six months of core staffing costs. The accounts indicate a stable financial position with no material uncertainties regarding going concern.
What the accounts disclose
“During the year G Momber received emoluments of £62,113 and no other employee received emoluments in excess of £60,000 (2024: none).” — page 15
“The Management Committee has reviewed the Charity's need for reserves in line with the guidance issued by the Charity Commission and has agreed that the Reserve should not fall below a minimum of £200,000, to enable the Trust to fund approximately six months core staffing costs” — page 4
“The wholly owned trading subsidiary, Maritime Archaeology Limited, which is incorporated in England and Wales, is now in its twenty-first full year of operation.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DR N C FLEMMING
- David Maurice Adams
- Dr Rosemary Helen Farr
- FRANCIS JOHN GREEN
- MARY RACHEL MONTAGU-SCOTT
- Philip Peter Shears
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £751k | £378k |
| 31/03/2024 | £336k | £281k |
| 31/03/2023 | £377k | £337k |
| 31/03/2022 | £331k | £256k |
| 31/03/2021 | £284k | £304k |
Common questions
Is MARITIME ARCHAEOLOGY TRUST financially healthy?
Per its FY2025 accounts: The charity reported a surplus of £372,404 for the year ended 31 March 2025, increasing its total funds to £703,887. The trustees state that reserves of £704,584 (including restricted funds) are above the stated minimum policy target of £200,000, which is intended to cover approximately six months of core staffing costs. The accounts indicate a stable financial position with no material uncertainties regarding going concern. Its FY2025 accounts were independently examined.
Who funds MARITIME ARCHAEOLOGY TRUST?
Funders whose own accounts filings name MARITIME ARCHAEOLOGY TRUST as a grant recipient include THE ADRIAN SWIRE CHARITABLE TRUST, THE SCORPION CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2021 | £20k | |
| THE SCORPION CHARITABLE TRUST | FY2025 | £5k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 24/03/2023 | £10k | "Celebrating 50 years of Solent Protected Wrecks" |
| The National Lottery Heritage Fund | 12/01/2022 | £222k | "Fathoming the Future: Developing Digital Engagement with Maritime Archaeology to Develop Resilience" |
| The National Lottery Heritage Fund | 24/08/2020 | £10k | "COVID19: Maritime Archaeology Trust" |
| The National Lottery Heritage Fund | 05/02/2020 | £10k | "Periscopes & Propellers: Presenting the Submarine Heritage of the Isle of Wight" |
| The National Lottery Heritage Fund | 20/03/2019 | £87k | "D-Day Stories from the Walls: Recording heritage and disseminating the untold stories of WW2 troops" |
| The National Lottery Heritage Fund | 25/06/2015 | £85k | "Push the boat out: navigating future funding for the Maritime Archaeology Trust" |
| The National Lottery Heritage Fund | 21/10/2013 | £10k | "Underwater, underfunded and under researched: developing support for maritime archaeology" |
| The National Lottery Heritage Fund | 21/09/2012 | £1.2m | "Forgotten Wrecks of World War One: Remembering and commemorating through archaeology" |
| The National Lottery Community Fund | 28/05/2009 | £10k | Maritime Memories: An Island's Past Coming to Life |
| The National Lottery Heritage Fund | 18/09/2008 | £359k | "Maritime Archaeology: Engaging New Audiences" |
| The National Lottery Heritage Fund | 13/08/2008 | £48k | "Archiving the historic shipwreck site of HMS Invincible" |
| The National Lottery Heritage Fund | 11/06/2008 | £9k | "This Group Raises Awareness Of The Maritime Archaeological Heritage. The Project Will Provide Training To Local Volunteers Which Will Enable" |
| The National Lottery Community Fund | 10/06/2008 | £9k | Forgotten Foreshore Features |
| The National Lottery Heritage Fund | 18/04/2007 | £25k | "Southampton Young Archaeologists Dive in!" |
| The National Lottery Heritage Fund | 21/11/2006 | £10k | "This Charity Will Train Extra Volunteers And Raise Its Profile By Advertising The Groups Work." |
| The National Lottery Community Fund | 16/11/2006 | £10k | Maritime Matters! Community Involvement in Archaeology |
| The National Lottery Heritage Fund | 20/07/2006 | £47k | "Recording Archaeological Remains on the River Hamble" |
| The National Lottery Heritage Fund | 30/03/2006 | £5k | "With Help From A Lottery Grant This Group Will Run, In Partnership With Hurst Castle Management, A Fun Packed Family Weekend At Hurst Castle" |
| The National Lottery Community Fund | 30/03/2006 | £5k | Heritage Weekend |
| The National Lottery Heritage Fund | 07/07/2005 | £17k | "Dive On To Victory" |
| The National Lottery Heritage Fund | 11/03/2004 | £22k | "The Waters of the Wight - Assessing Our Maritime Past:" |
| The National Lottery Heritage Fund | 07/08/2002 | £16k | "SUBMERGED SECRETS OF THE WIGHT: Enabling Community Access To Their Underwater Heritage" |