Maritime Belfast Trust
Latest income
£2.6m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net surplus in unrestricted funds of £823,768 for the year and holds unrestricted reserves of £3,876,057. The trustees consider these reserves sufficient for the charity for at least the next 12 months, confirming its status as a going concern. The charity also holds significant endowment funds totaling £76,113,845.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The Board has agreed to increase the level of General Reserves to £2million and, at the end of March 2025, has set aside £1,973,160 towards this objective.” — page 17
Per FY2025 accounts as filed with CCNI.
Payments to trustees: Trustee Gerry Hughes received £1,770 for services provided in relation to the Waterfront Framework.
“Trustee Gerry Hughes recieved payment of £1,770 for services provided in relation to the Waterfront Framework. No trustee was paid or received any other benefits from employment with the charity during the year.” — page 12
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Note 13
“Trustee Gerry Hughes recieved payment of £1,770 for services provided in relation to the Waterfront Framework.” — page 12
Per FY2025 accounts as filed with CCNI.
Trading subsidiary: Titanic Trading Company Limited
“The charity holds 1 share of £1 in its wholly owned trading subsidiary company Titanic Trading Company Limited which is incorporated in the United Kingdom.” — page 14
Per FY2025 accounts as filed with CCNI.