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2022-05-31-accounts

Trustees’ Annual Report for the period

From 1 June 2021 To 30 May 2022 Charity name: The Maritime Heritage Trust Charity registration number: 268609

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 (1) To provide for the education and
benefit of the nation facilities and finance
for the discovery repair and reconstruction
renewal replacement maintenance
preservation transportation and (in the case
of vessels) berthing of vessels of national
historic or scientific interest and of buildings
and relics of similar interest and connected
in any way with such vessels or the
construction or use thereof or connected
with war at sea or on inland water or
transport by sea or inland water
(2) To assist co-operate with or make
grants or loans to any charitable
organisation with similar objects.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 The Maritime Heritage Trust has continued
to promote the interests of the historic
vessel sector wherever it can.
- The webinar series has been aimed at
identifying vessel and project issues and
helped identify new thinking for participants
to consider;
- The principal activity by the MHT Friends
organisation was a visit to the Isle of Wight
exploring local maritime museums and
other attractions.
- Working with National Historic Ships we
have continued to lead the Heritage
Harbours project to work with local
communities to help them persuade local
authorities and others to look at the bigger
picture and vessel links with harbours and
their facilities, buildings, artefacts and the
wider cultural heritage in which ships and
boats are part of our identities. One MHT
Trustee led an intensive process of
engagement to encourage take-up of the
concept.
Statement confirming
whether the trustees have		 Para 1.18 It is confirmed that the trustees have had

had regard to the guidance issued by the Charity Commission on public benefit

regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The Trust has supported and contributed to
Crowdfunding to help finance historic
vessel activities for public display and
engagement and filming of these.
Policy on social investment
including program related
investment		 Para 1.38 ---
Contribution made by
volunteers		 Para 1.38 Trustees and advisers work on a voluntary
basis. The only exception has been
engagement of an external consultant to
help carry out the strategic review of the
Trust’s role.
Other ---

Achievements and Performance
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 SORP reference
Para 1.20		 MHT’s main activities have been:
- to build a network for the Heritage
Harbour concept working alongside
National Historic Ships UK and through
liaison with individual ports;
- MHT continues to represent the UK on
European Maritime Heritage (EMH) its work
to promote maritime heritage
internationally;
- To help identify concerns in the historic
vessel community recorded webinars were
held on “Getting on Board- Attracting new
people” and “Creating Community and
Individual Benefits”. Recordings are
available on YouTube;
- A stakeholder and governance Review
was carried out to help update and extend
the role of the charity and prepare for
Board restructure.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 ---
Performance of fundraising
activities against objectives
set		 Para 1.41 ---
Investment performance
against objectives		 Para 1.41 ---
Other ---

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Sufficient cash resources are held that
ensure the ongoing financial stability of the
Trust
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 No specific reserves are held
Amount of reserves held Para 1.22 0
Reasons for holding zero
reserves		 Para 1.22 Establishing specific reserves at this time is
not considered necessary in view of the
cash resources held
Details of fund materially in
deficit		 Para 1.24 ---
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 ---
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Members’ subscriptions supplemented by
gifts or legacies from time to time
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 ---
A description of the principal
risks facing the charity		 Para 1.46 ---
Other ---

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document Para 1.25 Association Model Constitution
How is the charity
constituted?		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Election by members at AGM

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 ---
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 We have reviewed how best to support the
sector and promote maritime heritage in its
widest sense. As a first step we
commissioned an external review including
interviews of a range of people with
interests across the sector. Taking account
of this report, the Board is developing a
new Mission Statement and will be
appointing new trustees.
Relationship with any
related parties		 Para 1.51 ---
Other ---

Reference and Administrative details

Charity name The Maritime Heritage Trust
Other name the charity uses
Registered charity number 268609
Charity’s principal address HQS Wellington
Victoria Embankment
London WC2R 2PN

Names of the charity trustees who manage the charity

1
2
3
4
5
6
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10
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19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
David Treharne
Morgan MBE TD		 Chair (not acting due
to health issues)
John Henry Cleary Deputy Chair and
ActingChair
Dr Raul Scott
Pereira		 Secretary
Brian Andrew
Corbett
Trevor Godbold Treasurer
John H Megoran
Bernard Hales
Richard Albanese
Madeleine Phillips

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 ---
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 ---
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 ---

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
John Henry Cleary Trevor Godbold

Trustee and Deputy Chair		 Treasurer
22 October 2022
22 October 2022
THE MARITIME HERITAGE TRUST THE MARITIME HERITAGE TRUST 268609
Receipts andpayments accounts CC16a
For the period
from		 01June2021 To 31 May 2022
Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£		 Restricted
funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
Subscriptions - Full Members 1,266 - -
-
-
-
-
-
-
-		 1,266 1,818
Subscriptions - Friends 520 - 520 487
Donations 1,301 - 1,301 390
Interest 10 - 10 3
- - - -
- - - -
- - - -
- - - -
Sub total(Gross income for
AR)		 3,097 - - 3,097 2,698
A2 Asset and investment sales,
(see table).
- -
-
-		 -
- - -
Sub total - - -
Total receipts
A3 Payments
- 3,097 2,698
Subscription - EMH 1,277 -
-
-
-
-
-
-
-
-
-		 1,277 1,351
Subscription - HA 175 175 165
Meetings - room hire and travel - -
General Administration 471 471 393
Bank Charges 23 23 31
Events 1,715 1,715 -
ConsultancyAdvice 3,750 3,750 -
- - -
- - -
**Sub total ** 7,411 7,411 1,940
A4 Asset and investment
purchases, (see table)
- -
-
-		 -
- -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- 7,411 1,940
- 4,314 -
- 4,314		 758
- -
-		 - -
35,298 35,298 34,540
30,984 - 30,984 35,298

CCXX R1 accounts (SS)

25/05/2022

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
NatWest Current
NatWest Reserve
PayPal
Details
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
1
-
30,924
-
59
-
30,984
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval

CCXX R2 accounts (SS)

25/05/2022

2