Finance Score: -5

Governance Score: 6

Support Score: 7

Multiple Deficits: -2
Fundraising costs high: -3

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +7

Overall GiG Score: 8

NATIONAL MARITIME MUSEUM CORNWALL TRUST

To maintain and develop a museum to advance knowledge and promote an understanding of both small boats and their place in people's lives, and the maritime heritage of Cornwall.

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£2,143	£3,238	£-1,094	£309	£23,718	£2,661	9.9	39	143
31/03/22		£2,749	£2,353	£396	£331	£24,950	£3,511	17.9	37	113
31/03/21		£2,006	£1,927	£79	£99	£24,441	£2,600	16.2	32	155
31/03/20		£2,233	£2,710	£-477	£222	£24,416	£2,079	9.2	29	180
31/03/19		£2,291	£2,233	£58	£249	£24,983	£2,343	12.6	30	180
31/03/18		£2,091	£2,603	£-512	£223	£24,900	£2,007	9.3	30	0
31/03/17		£2,440	£2,347	£93	£213	£25,439	£2,194	11.2	30	0
31/03/16		£2,819	£2,674	£145	£464	£25,220	£1,650	7.4	34	0
31/03/15		£2,275	£2,558	£-283	£300	£25,100	£938	4.4	34	0
31/03/14		£2,102	£2,222	£-120	£270	£25,364	£851	4.6	34	0
31/03/13		£1,850	£2,381	£-532	£406	£25,484	£620	3.1	37	0
31/03/12		£1,869	£2,298	£-429	£352	£26,016	£783	4.1	37	0
31/03/11		£1,559	£2,181	£-622	£351	£26,445	£838	4.6	37	0
31/03/10		£2,025	£2,379	£-354	£450	£27,067	£1,086	5.5	38	0
31/03/09		£1,959	£2,400	£-441	£420	£27,421	£1,030	5.2	38	0
31/03/08		£1,573	£1,725	£-152	£441	£27,862	£1,125	7.8	38	0
31/03/07		£3,168	£1,732	£1,436	£429	£28,078	£985	6.8	37	0
31/03/06		£1,619	£1,737	£-118	£0	£0	£0	n/a	0	0
31/03/05		£1,373	£1,635	£-262	£0	£0	£0	n/a	0	0
31/03/04	*	£469	£1,756	£-1,287	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 28.7%
Fundraising Costs/Total Spending: 9.5%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 11%
Liabilities/Income: 133%
Unrestricted Funds/Total Funds: 11%
Reserves/Spending: 9.9 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.7

Asset Split ?

Established: 26 years

www.nmmc.co.uk

enquiries@nmmc.co.uk

01326313388

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Sponsors or undertakes research

Where it operates

Cornwall,

Who it helps

The General Public/Mankind

Who works here?

39 employees
143 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£706,500
National Lottery Heritage Fund	£250,000
Garfield Weston Foundation	£117,650
Ministry for Housing, Communities and Local Government	£32,240

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to National Maritime Museum Cornwall
£0	07/12/2022	'Revitalising the museum’s boat hall'. Grant of £118,500 under DCMS Wolfson Museums and Galleries Improvement Fund (round 14, grant ref. 21866). (WF contributing 50% of total grant of £237,000).
Ministry for Housing, Communities and Local Government - Coastal Communities
£32,240	14/04/2021	The UK coastline plays a vital role in the economy, history and culture of our country. The government is helping coastal communities flourish and strengthen their appeal as places to live, work and ....more The UK coastline plays a vital role in the economy, history and culture of our country. The government is helping coastal communities flourish and strengthen their appeal as places to live, work and visit.
Garfield Weston Foundation - WCF award - COVID19 response
£117,650	12/02/2021	Weston Culture Fund
National Lottery Heritage Fund - Grant to National Maritime Museum Cornwall
£250,000	26/06/2020	COVID19 National Maritime Museum Cornwall
DCMS - Covid-19 Recovery
£485,000	01/04/2020	To support Arts and Culture throughout England
DCMS - NMMC CRF Round 2
£221,500	01/04/2020	To support Arts and Culture throughout England
DCMS - Investment in infrastructure to support our developing major temporary exhibition programme
£96,500	01/04/2019	The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled ....more The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of interpretation. The scheme is open to four categories of museums and galleries.
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£80,000	18/10/2018	Support for exhibitions development and delivery
National Lottery Heritage Fund - Grant to National Maritime Museum Cornwall
£9,300	06/12/2017	Titanic Stories: Contemporary Voices
John Ellerman Foundation - Cornwall
£95,172	23/03/2016 24	Towards the costs of curating the nation's small boats collection and address under-provision in the care, conservation and interpretation of historic small boats and crafts.
National Lottery Heritage Fund - Grant to National Maritime Museum Cornwall
£50,000	16/09/2015	The Enterprise Project
National Lottery Heritage Fund - Grant to National Maritime Museum Cornwall
£75,000	09/07/2014	Viking Voyagers

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 11/12 persons

Age Range of Trustees: 24-78

BEN STATHAM-WILKINS Appointed: 2023, Occupation: Graduate And Early Careers Lead

CORALIE GREEN Appointed: 2021, Occupation: Volunteer & Charity Worker

MICHAEL JOHN CARR Appointed: 2023, Occupation: Naval Architect

SUSAN MARY BRADBURY Appointed: 2023, Occupation: Managing Director

THE HON EVELYN ARTHUR HUGH BOSCAWEN DL Appointed: 2009, Other trusteeships: THE ROYAL CORNWALL AGRICULTURAL ASSOCIATION, THE EVELYN BOSCAWEN TRUST, THE EVELYN BOSCAWEN (KENT) ALMSHOUSES,

DAME SHAN MORGAN Appointed: 2022, Occupation: Retired, Other trusteeship: ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY,

MICHAEL GRIFFITHS Appointed: 2020, Occupation: Retired

PETER WILTON DAVIES Appointed: 2013, Occupation: Retired

ROBERT MICHAEL HOLMES Appointed: 2014, Occupation: Accountant

SIMON CHARLES TREGONING Appointed: 2003, Occupation: Holiday Cottage Agent

SIMON PATRICK SHERRARD DL (Chair) Appointed: 2014, Other trusteeship: THE PHILHARMONIC HALL DIAMOND JUBILEE FOUNDATION,

SAM HUGH D'AQUILAR HUNT Appointed: 2013, Occupation: Heritage Consultant

Legal constitution

Charitable company registered in England & Wales on 02/02/1998, number: 1067884
Registered at Companies House on 08/10/1997, number: 03446298

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR04: 2 days late,

Main office

DISCOVERY QUAY
FALMOUTH
TR11 3QY

Objectives

TO PROMOTE THE EDUCATION OF THE PUBLIC IN THE MARITIME HISTORY AND CURRENT MARITIME DEVELOPMENTS FOR THE BENEFIT OF THE INHABITANTS OF CORNWALL AND ELSEWHERE IN PARTICULAR. ALSO TO ESTABLISH, OPERATE AND PRESERVE A MUSEUM IN FALMOUTH TO DISPLAY THE NATIONAL BOAT COLLECTION OF THE NATIONAL MARITIME MUSEUM AND THE CORNISH COLLECTION EFFECTIVELY IN A WATERSIDE SITE

Defined Area of Benefit:

FALMOUTH CORNWALL

Data Sources