MARY ROSE TRUST(THE)

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Compass Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MARY ROSE TRUST(THE) · parent
   1. Mary Rose Trading Limited 100% · Mary Rose shop, hospitality and cafe.
   2. Mary Rose Archaeological Services Limited 100% · Dormant company

Significant events

• “During the financial year, the Mary Rose Trust undertook a strategic review in response to lower-than-anticipated visitor income and fundraising performance.”
• “The joint venture has delivered increased visitation and remains a recognised success within the sector.”
• “Support from the National Heritage Lottery Fund (NHLF) Resilience Fund has been instrumental in enabling the Trust to undertake a series of feasibility studies to inform its five-year strategic and financial sustainability planning.”
• “Following this analysis, a "Business Unit" model was adopted to streamline the organisational structure and reduce the number of layers between the front-line teams and the CEO/Trustees.”
• “Initiatives include: VAT Status Review, Shop and Café Redevelopment, Mary Rose 2.0 Project, Restructuring Support, HR System Implementation, Finance System Upgrade, IT Infrastructure Enhancements, Energy Audit, Environmental Control Feasibility Studies.”
• “In September 2024, the Mary Rose Trust launched brand new workshops - Decoding Diversity and Dive the Mary Rose which have proved incredibly popular to date.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.2%

  £3,612,088 → £3,208,481

• Cash

  -29.3%

  £844,691 → £597,081

• Net assets

  -4.6%

  £26,338,824 → £25,128,165

• Employees

  0%

  67 → 67

• Operating profit

  -85.9%

  -£651,225 → -£1,210,659

• Wages

  +4.2%

  £1,633,246 → £1,702,413

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers