NATIONAL MARITIME MUSEUM CORNWALL TRUST

1. NATIONAL MARITIME MUSEUM CORNWALL TRUST 2000-08-22 → present
2. NATIONAL AND CORNWALL MARITIME MUSEUM TRUST 1997-10-08 → 2000-08-22

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

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. NATIONAL MARITIME MUSEUM CORNWALL TRUST · parent
   1. Discovery Quay Enterprises (Trading) Limited 100% · Cornwall · Running commercial trading operations at the Museum
   2. Discovery Quay Enterprises Limited 100% · Cornwall · To provide boat storage and other facilities for the Museum
   3. Discovery Quay Square Limited 100% · Cornwall · Ownership and operation of a public amenity open square for events adjoining the Museum
   4. Discovery Quay Property Limited 100% · Cornwall · Dormant company

Significant events

• “Museum was closed for six weeks from 8 January until 16 February 2025 to replace high-level windows as part of the MEND capital project.”
• “Tony Pawlyn, a longest serving Trustee and Head of the Bartlett Maritime Research Centre and Library, died on 8th May.”
• “In June, Trustees created a new role of 'Honorary Commodore' to recognise outstanding contributions to Britain's small boats or significant commitment to National Maritime Museum Cornwall.”
• “In September, Museum Volunteers were shortlisted for the Kings Award for Voluntary Service 2024 and presented with a certificate.”
• “The Gosling Foundation awarded a grant of £15,000 towards the costs of reengineering the boat pool.”
• “On 30 October, Arts Council England awarded a £75,000 National Lottery Project Grant for the temporary exhibition SURF!.”
• “The Museum received an anonymous, unrestricted donation of £125k (including gift aid).”
• “First exhibition of the year mounted in the Bridge Gallery to celebrate the 200th anniversary of the RNLI, featuring works by Kurt Jackson.”
• “In late March, decision taken to research and build a replica of a WW2 espionage boat; work began in September.”
• “In April, a co-curated exhibition opened in the Balcony Gallery to mark the 100th anniversary of the Sunbeam yachts.”
• “Towards the end of April, a 1965 VW split-screen camper van was purchased for the forthcoming SURF! exhibition.”
• “In late November, 'Resilience' exhibition opened in the Bridge Gallery as part of a series of experimental exhibitions.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -49.6%

  £4,789,534 → £2,412,516

• Cash

  -40.3%

  £902,432 → £538,735

• Net assets

  -3.9%

  £26,712,864 → £25,677,660

• Employees

  +13.3%

  45 → 51

• Profit before tax

  -135.4%

  £2,906,998 → -£1,029,777

• Wages

  +17.3%

  £777,673 → £912,576

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