What is the financial size of NATIONAL MARITIME MUSEUM CORNWALL TRUST?

NATIONAL MARITIME MUSEUM CORNWALL TRUST is classified as a large charity. In the latest financial year, they reported a total income of £4,789,534 and total expenditure of £2,975,762.

How does NATIONAL MARITIME MUSEUM CORNWALL TRUST allocate its spending?

For every pound spent, approximately 87.1% goes directly to charitable activities. The remaining 12.9% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

What is the workforce structure of NATIONAL MARITIME MUSEUM CORNWALL TRUST?

NATIONAL MARITIME MUSEUM CORNWALL TRUST employs 45 staff members and is supported by 140 volunteers.

Does NATIONAL MARITIME MUSEUM CORNWALL TRUST receive government funding?

To a small extent. Approximately 16.1% of their income comes from government grants or contracts.

Does NATIONAL MARITIME MUSEUM CORNWALL TRUST pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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NATIONAL MARITIME MUSEUM CORNWALL TRUST

#1067884

Charitable company•Large•Registered

www.nmmc.co.uk

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.

Registered address

DISCOVERY QUAY, FALMOUTH, TR11 3QY

Latest HighlightsFY 2024

Income

All sources

£4,789,534

Expenditure

All activities

£2,975,762

Net Reserves

Unrestricted funds

£4,579,756

Total Assets

Gross assets

£28,415,768

Working Capital

Liquidity

£84,291

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

18.5 months

Median: 3.8 monthsTop quartile

Income Growth (1yr)

123.5%

Median: 7.4%Top quartile

Spending Efficiency

87.1%

Median: 97.8%Around typical

Income Concentration

33.2%

Median: 87.9%Top quartile

Fundraising ROI

12.5x

Median: 19.2xAround typical

Income Volatility

66.1%

Median: 20.6%Below typical

Self-Generated Income

70.7%

Median: 82.9%Around typical

3-Year Income CAGR

33.7%

Median: 7.8%Top quartile

Efficiency & Health

Charitable Spending

87.1%

Fundraising Eff.

% income retained

12.5%

Governance Cost

% of expenditure

1.0%

Grant Making

% given away

Debt Ratio

% of assets

6.0%

Survival Ratio

Months of reserves

18.5 months

Income Profile

Donations & Legacies

% of income

8.1%

Government Reliance

% of income

16.1%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 3316

Moderately Concentrated

Trends

Income Growth (1yr)

Year over Year

123.5%↑

Income CAGR (3yr)

Compound growth

33.7%

Volatility

High Volatility

66.1%

Reserves Trend

Direction

Building

Governance

Employees

Staff count

Volunteers

Volunteer count

140

Volunteer Ratio

Per staff member

3.1:1

Revenue/Employee

Per head

£106,434

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

2.2%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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