Mourne Heritage Trust
Latest income
£1.1m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £74,060 for the year ended 31 March 2025, resulting in a decrease in total funds to £1,101,288. The trustees note that current economic conditions create uncertainty regarding the charity's ability to secure core funding, though they maintain a going concern basis due to secured funds until March 2028 and adequate working capital projections.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000
“One employee received remuneration amounting to more than £60,000 during the year (2024 — 1).” — page 11
Per FY2025 accounts as filed with CCNI.
Going concern: doubt noted
“The Charity is reliant on its Core Funding from a number of third-party organisations. The current economic conditions create some uncertainty particularly over the ability of the charity to secure core funding.” — page 16
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Commercial room hire charges paid to a business owned by director David Maginn.
“During the year the Charity held meetings at business premises owned by director David Maginn. Commercial room hire charges, totalling £240 (2024 - £500) were paid to the business with regard to provision of this service.” — page 16
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 1
“One employee received remuneration amounting to more than £60,000 during the year (2024 — 1).” — page 11
Per FY2025 accounts as filed with CCNI.
Largest income source: Northern Ireland Environment Agency (36% of income)
“The major source of core operating income is grants received from Northern Ireland Environment Agency.” — page 11
Per FY2025 accounts as filed with CCNI.