Registered number: 04459544
Charity number". 1095884
THE SS ROBIN TRUST
(A Company Limited by Guarantoo without a Share Capltal)
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

THE SS ROBIN TRUST
IA Company Limited by Guarantee without a Share Capital)
CONTENTS
Pag*
Company Informatlon
Trustees. Report
Indepond•nl Examlner's Report
Slatgmenl of Financial Aclivilies
Balance She•t
Notes to the Financial Statements
9.16
Page 1

THE SS ROBIN TRUST
(A Company Ltmited by Guaranlee without a Share Capital)
COMPANY INFORMATION
DIRECTORS I TRUSTEES
Robert Bamard
Anthony 8owring
Paul Brickell
David Green
Derek Mann
Eric Reynolds
Kevin Whittle
REGISTEREO OFFICE
The Gale House
Trinity Buoy Wharf
64 Orchard Place
London
E14 OJW
BANKERS
LLOYDS BANK PLC
70- 71 Cheapside
City of London
London
EC2V 6EN
UNITY TRUST BANK PLC
4 Brindleyplace
8irmingham
812JB
COMPANY REGISTERED NUM8ER
04459544
CHARITY REGISTERED NUMBER
1095884
Page 2

THE SS ROBIN TRUST
(A Company Limited by Guarantee without a Share Capilal)
Trustees, Report
The Truslees present their annual report together with the financial statements of the SS Robin Trust for the year
ended 30 June 2024. The Annual Report serves the purposes of both a Trustees, Report and a Directots, Report
under Company Law. The Trustees confimi that the Annual Report and Financial Statements of the charitable
company comply with the current stalulory requirements, the requirements of the charitable company's governing
document and the provisions of the Statement of Recornrnended Practice (SORPI applicable to charits'es preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS102) {effective 1 January 2015) as amended by Update Bulletin 1 (effective January 20151.
Objectlvos and a¢livities
Policies and objectives
The Charity's aims are the restoration, pre5errfation, and maintenance of the steam ship, the SS Robin, for the
education and benefit of the public. The key public benefit of the work of the SS Robin Trust is to preserve this
historic ship and allow as much public access as possible.
The main aim of the Trustees continues to be Ihe restoration of the SS Robin and to find an appropriate way to use
the shlp such that11 not only reflects her heritage and history. bul also has a viable and sustainable future.
In settlng objectives and planning for activitles. Ihe Trustees have given due considerallon to general guldance
published by the Charity Commission felating to public benefit, indudin9 the guldance 'Public benefit.. runnlng a
chanty IP82)'.
Achlovemenl$ and performance
Main a¢hlevements of the Charlty
During the yearto 30 June 2024, the charity sur￿$$fullY maintained the hedlage vessel, the SS Robln, In a condition
at least as good as that al the end of the previous year. Ouring the year the SS Robin was moved lo a new moorlng
at Trinity Buoy Wharf adjacent to where she was built in 1890. A programme of development in the pontoon was
commenced in line with trustees, strategic plan lo enable the SS Robin lo generate a revenue stream through filming
and promotsonal acllvities.
Flnan¢ial r•view
Going concwn
After making appropriate enquiries and reviewing the bank balances and business plan for the next 3 years, the
trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence
for at least 12 months lollowing the approval of Ihese financial Statements.
Flnanclal revlew
During the year the Charity invested heavily in its new mooring for the SS Robin and made a surplus of £267,467
(2023.. £190,478).
Reserves policy
The Trusl seeks to have unreslricled reserles at least equal to six months running costs of the organisation. This is
suffi¢ient lo ensure that cash flow does nol become an issue and allows sufficient ￿SerVeS lo undertake an orderly
wind down of the Trust shoukl the need ever arise. At present this would probably represent a cost in the order of
£50,000 - £60,000. The balance sheet shows that the Trusl complies with this policy.
Page 3

THE SS ROBIN TRUST
IA Company Limlted by Guarantee without a Share Capltal
Structure, governance and management
Constitution
The Charity is registered as a charitable company. limiled by guarantee without a share capital.
The Charity is consliluled under its Artides ofAssociation dated 12 June 2002 and has the registered charity number
1095884.
Methods of appointment or glection of Tru$tee$
The management of the Charity 15 the responsibility of the Trustees who are elected and co-opted under the terms
of the Articles of Association.
Organisational.$lructure and decision making
Trustees make strategic decisons, set policy and budgets, and review financial infomiallon: Contract staff and
consultants make operational decisions and report to the Board of Trustees.
Rlsk managèment
The Trustees hav8 assessed the major risks to which Ihe Charity 15 exposed. in particular those related to the
operations and, finances of the Charity. and are satisfied that systems and procedures are in place lo miligate the
Charity's exposure lo the major risks.
Page 4

THE SS ROBIN TRUST
(A Company Limiled by Guarantee without a Share Capital)
Statement of Trustees. responsibilltles
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for
prèparing Ihe Trustees, Report and the financial stalemenls in accordance with ap￿ICable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial year. Under company law the
Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of
the stale of affairs of the Charity and of its incoming resources and application of resources, including its income
and expenditure. for that period. In preparing these financial statements. the Trustees are required to..
select suitable accounting pdicies and then apply them consistently.,
obseNe the methods and principles of the Charits'es SORP (FRS 102)..
make judgments and accounting estimates that are reasonable and prudent-,
state whether applicable UK Accounting Standards {FRS 102) have been followed, subject lo any rnalerial
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concem basis unless It is inappropriate to presume thal the
Charity will continue in busines5.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the
Charity's transactions and disclose with reasonable accuracy at any time Ihe financial position of the Charity and
enable them lo ensure that the financial slatemenls comply with the Companies Act 2006. They are also responsible
for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irre9ularities.
Approved by order of the members of Ihe board of Trustees and signed on their behalf by..
Mr Eric Reynolds
Dale.. 30 March 2025
Page 5

THE SS ROBIN TRUST
(A Company Limited by Guarantee without a Share Capital
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I DIRECTORS OF THE
SS ROBIN TRUST FOR THE YEAR ENDED 30 JUNE 2024
I report to Ihe trustees on my examination of the accounls ol the Company (the SS Robin Trust) for the
year ended 30 June 2024 which are set out on pages 7 10 16.
Responsibilities and basls of report
As the charity trustees of the Company land also its directors for the purposes of company law), you are
responsible for the preparalion of Ihe accounts in accordance with the requ1￿MentS of the Companies
Act 2006 {"the 2006 Acr,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent exarninats'on, I report in respect of my examination of your
company's accounts as carried out under Section 145 of the Charities Act 2011 1"Ihe 2011 Act"). In
arrying out my examination. I have followed all the applicable Directions given by the Charity
Commis&on under section 145{51{b) of the 2011 Act.
Ind¢p¢ndont •xaminer'$ statemont
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examinatlon which give me cause lo believe Ihat in, any material respect:
th'e accounling reGoTds were not kept in accordance with section 386 of Ihe 2006 Act., or
the accounts do not a¢¢ord with those a¢¢ounling records: or
the accounts do not cornply with the applicable requirements under Seclion 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair. view which is not a matter
considered as part of an independenl examination.
the accounts have not been prepared in accordance with the methods and principle of Ihe
Statement of Recommended Practice for accounting and reporting by charities applicable lo
charities preparing their a¢¢ounts with accordance wilh the Financial Reporting Standard
appllcable in the UK and Republic of Ireland IFRS 102).
I have no concerns arKI have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a Proper underslanding of the accounts lo be
reached.
T Whelan ACA
35 Church Meadow
Surbilon
Surrey
30 March 2025
Page 6

THE SS ROBIN TRUST
IA Company Limited by Guarantee without a Share Capital)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR
THE YEAR ENDED 30 JUNE 2024
Oo ooo Lg
IL
LJ
Restricted
funds
2024
Unreslricled
funds
2024
Total
funds
2024
Total funds
2023
Income from:
Tradlng
Oonalions and18gacles
Investments
447
317,268
61
447
317.268
61
210.895
Tolal incom•
317,776
317,776
210,895
Expenditure on:
Charitable activities
50,309
50,309
20.417
Total exp•ndlture
50.309
50.309
20,417
Net movoment In funds
267.467
267,467
190,478
Reconclllallon of funds:
Total funds brought fonvard
Nel movement in funds
14,331
466,300
267,467
480,631
267,467
290.153
190,478
Tolal funds carrled forward
14331
733,767
748,098
480,631
The Statement of Financial Activities includes all gains and losses recognised in Ihe year. Thè notes on pages 9 to
16 form part of these financial statements.
Page 7

THE SS ROBIN TRUST
(A Company Limited by Guarantee without a Share Capital)
BALANCE SHEET AS AT 30 JUNE 2024
Notes
2024
2023
FIXED ASSETS
Tangible fixed assets
624.202
200,000
CURRENT ASSETS
Debtors
Cash at bank and in hand
32.532
99.699
912
279.719
132.231
280,631
CURRENT LIABILITIES
Creditors: amounts falling due within one year
12
8,335
NET CURRENT ASSETS
123,896
280,631
TOTAL ASSETS LESS CURRENT LIABILITIES
748,098
480,631
CHARITABLE FUNDS
Reslricled funds
Unreslricled funds
13
13
14,331
733.767
14,331
466,300
TOTAL FUNDS
748,098
480,631
The Charity was entitled lo exemplion from audit under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audit for Ihe year in question in accordance with section
476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of finanGial slalernents.
The flnancial statements have been prepared in accordan￿ with Ihe provisions applicable to entities subject to the
small companies regime. The financial statements were approved and aulhorised for issue by the Trustees on
30 March 2025 and signed on their behalf by=_
E Reynolds
Trustee and Director
The notes on pages 9 to 16 fom part of these financial statements.
Page 8

THE SS ROBIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. Ac¢ounling policies
1.1 Basis of preparatlon of financial statements
The financial statements have been prepared in accordance with Ihe Charities SORP IFRS 1021-
Accounting and Reportin9 by Charities.. Statement of Recommended Practice applicable in the UK and
Republic of Ireland {FRS 102) {effe¢tive 1 January 2015). the Financial Reporting Slandard appli¢abl8 in
the UK and Republic of Ireland (FRS 102) and Cornpanies Act 2006.
The SS Robin Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transacts'on value unless otheTh¥ise stated in the relevant
accounting policy.
The financial slatements afe prepared in sterling. the functional currency of the Charity and rounded to
the nearest £.
The ffinancial statements have been prepared to give a 'true and fai¢ view and have departed from ihe
Chafities SORP (FRS 1021 published on 16 July 2014 onty to the exlenl required to provide a 'true and
fair, view. For details of the departure, see note 15.
1.2 Income
All income is recognised once Ihe Charity has entitlement lo Ihe income. it is probable that the incorne
will be received. and the amount of income receivable can be measured reliably.
Donaled services or facilities are fecognised when the Charity has control over the item; any conditions
associated with the donated item have been met.. the receipt of economic benefit from the Charity's use
of the item is probable and that economic benefit can be measured reliably. On receipt, donated
professional services and donated facilities are recognised on the basis of the value of the gift to the
Charity which is the amount the Charity would have been willing lo pay lo obtain services or facilities of
equivalent economic benefit on the open rnarkel: a corresponding amount is then recognised In
expenditure in the period of receipt.
Incorne lax recovefable in relation to investment income is recognised at the lime the investment incorne
is receivable where applicable.
1.3 Company status
The Charity is a company limited by guarantee. The members of the company are the Trustees named
on page l. In the event of the Charity being wound up, Ihe liability in respect of Ihe guarantee is limited
10 £1 per member of Ihe Charity.
1.4 Going concern
The Trustees have prepared the financial statements on the going concem basis as the financial
reserves held at the dale these financial slaternents were approved are sufficient. in the Trustees,
opinion. lo enable the Charity lo Conlinue to operate for al least 12 months from the dale the finanGial
statements were approved.
1.5 Expendltur•
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo
third party., il is probable that a transfer of economic benefits will be required in settlement and the
amount of Ihe obligation can be measured reliably. Expenditure is classified by activity. The costs of each
activity are made up of Ihe total of direct costs and shared costs, including support costs involved in
undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.
Expenditure on charitable activities is incurred on ¢JirecUy undertaking ihe activities which further the
Charity's objectives, as well as any associated support costs.
Page 9

THE SS ROBIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. Accounling polici08 (continued)
1.6 Tangible fixed assots
Fixed assets are stated al historical cost. nel of depreciation and any impairment.
Depreciation is provided on all tangible fixed assets except the SS Robin heritage asset. Depreciation is
calculated al rates lo write each asset down to its estimated residual value evenly over its expected
useful life as follows..
Mooring piles and brow
over 25 years straight line
1.7 Herltage assets
The heritage asset in the accounts is capitalised and classed as such because il is thè worid's oldest
complete steam coaster and is in the pr￿esS of being restored to ils original condition so as lo be open
to the public. The Trustees annually value the heritage assets in accordance with their insurance
valuation as there is no available, appropriate market valuation. The insurance valuation also includes
the pontoon that the vessel is currently resting on. This is a departure from SORP {FRS 102) to ensure
the accounts show a true and fair view. See note 15 in the financial slatemenls.
The policy with respect lo impairment reVieV￿ of the heritage assel is an annual irnpaimienl review that
compares the value lo the Insurance valuation. Impairmenl losses are recognised in the Slalemenl of
Financial Activities incorporating the Income and Expenditure Account.
1.8 Doblors
Trade and other debtors are recognised at the settlement amount after any trade dis¢ounl offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
1.9 Cash at bank and In hand
Cash al bank and in hand includes cash and short-lemi highly liquid investments with a short maturity of
three months or less from Ihe date ol acquisition or opening of the deposit or similar account.
1.7 Llablllll?s and provlslons
Liabilities are recognised when there is an obligalion at the Balance Sheet dale as a result of a past
event il it is probable thal a transfer of economic benefit will be required in settlement. and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amounl that the Charity anticipates it will pay to settle the debt or the
amount It has received as advanced payments for the goods or services it must provlde.
Provisions are measured al Ihe best eslimale of the amounts required lo settle the obligation. Where the
effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that ￿fie¢t$ Ihe risks 5peafic to the liability. The
unwinding of the dI￿Ount is recognised in the Statement of Financial Activities as a finance cost.
1.8 Financial instrum•nt$
The Charity only has financial assets and finanoal liabilities of a kind Ihat qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlemenl value with the exception of bank loans which are subsequently measured
at amortised r05t using the effective interesl method.
1.9 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Page 10

THE SS ROBIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
Restricted funds are funds vthich a￿ to be used in accordance with specific restriclions imposed by the
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted fund
is set out in Ihe noles to the financial slalemenls.
2. Income from trading
Restricted Unrestrlcled
funds
funds
2024
2024
Total
funds
2024
Tolal
funds
2023
Income from filming & events
447
447
TOTAL
447
447
3. Income from donations and legacies
Restrlcted Unrostrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Oonation
300.000
300,000
200.000
Oonation-in-kind
17.268
17.268
10.895
TOTAL
317,268
317,268
210,895
The donations in kind in 2024 and 2023 were provided by Urban Space Ltd which paid for services on behalf
of the Charity and confirmed to the Trustees Ihal the amount would not be repayable. There is no restriction on
Ihls donalion-in-kind.
4. Investmenl Income
2024
2023
Bank interest - unreslricted
61
Analysls of expenditure on charltable actlvltles
Summary by fund type
Reslricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Restoration & Preservation
50.3
50,309
20,417
Page 11

THE SS ROBIN TRUST
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
6. Analysis of exponditure by activities . unre51ricled
Activities
undertaken
direclly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Restoration & preservalion
40,894
9.415
50.309
20,417
Analysis of gupport costs-
unro$trict•d
Total fund•
2024
Total
funds
2023
Rent & rates
Heal, lighl, vmler
Office costs
Insurance
Legal & professional
Marketing
Computers
Bank charges
18
113
1.831
3.962
159
2,335
820
9,085
256
1,404
2,782
430
177
97
9,415
14.054
7. Staff costs
The average number of staff employed by the Charity during the year was nil (2023.. nil).
Trusto09' remuneratlon and expenses
During the years ended 30 June 2024 and 2023, no Truslees received any remunerallon or other benefits or
were reimbursed for expenses.
Page 12

THE SS ROBIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
Tangiblo fixed asse15
Plant &
Mathinery
Heritage
Vessel
Total
C05t
As at 1 July 2023
Additions
200,IXIO 200,000
432.681
432,681
As at 30 June 2024
432.681
200,O¢Y) 632,681
Depreciation
As at 1 July 2023
Depreclation charged in the year
8,479
8,479
As at 30 June 2024
8.479
8,479
Net book value
AI 30 June 2024
424.202
200,000 824,202
AI 30 June 2023
200,000 200,000
10 Herltage assets
SS Robin was acquired by the Trust for a nominal £1 and all works capitalised al historic cost value. The
heritage asset insurance valuation consists of both Ihe SS Robin 1890 riveted steam coaster and the attached
pontoon. This is a departure from SORP (FRS 102) to show a true and fair view of the assets value In the
accounts. See note 15 for further infomation.
11. Debtors
2024
2023
Due withln one yoar:.
Other deblois
Prepayments
VAT
120
412
500
32.412
32,532
912
12. Croditors: Amounts falllng due wilhln on• year
2024
2023
Accruals and deferred income
8,335
Page 13

THE SS ROBIN TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
13. Statement of funds
Statement of funds - current year
Balance at
30 June
2024
Balance at 1 July
2023 £
Incomè Expendilure
Unrestricted funds
General Funds- all Fun(Is
466,300
317,776
(50,3091
733,767
Restri¢lod funds
Fixed Assel Fund
14,331
14.331
Total of funds
317 776
748.098
Fixed Asset Fund {Cfossrall Loan) - this represents the historic cost value of capital expenditure during the
initial restoration phase less any subsequent impaimienl of the fixed assets.
Statement of funds- prior year
Balance at
30 Jun•
2023
Balance •1
1 July 2022
Income
Expondlture
Unrestricted funds
General Funds all funds
275,822
210,895
(20.417)
466,300
Rg$tricled funds
Restricled Asset Fund
14.331
14,331
Total of funds
290,153
.210,895
20,417
480.631
Page 14

THE SS ROBIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
13. Anatysis of net assets between funds
Analysls of net assets between funds
Reslricted Unrestricted
funds
funds
2024
2024
Total
furMIs
2024
Plant & machinery
424,202
424,202
Heritage assets
Current assets
Creditors due within one year
14,331
185.669
132.231
(8.3351
200.000
132,231
(8.335)
Total
14,331
733,767
748.098
Analysis of n•1 assets betwoen funds - prior yoar
Restrlcled Unrestflcted
funds
funds
2023
2023
Total
funds
2023
Heritage as5els
Current assets
Creditors due within one year
14.331
185,669
280.631
200,000
280,631
Total
14,331
466,300
480,631
14. Related party tran$a¢lion$
During the year. the Charity received the benefit of a donation of £300,000 (2023: £200,000) and a donallon-
In-kind of £17,268 (2023.. £10,895) from Urban Space Holdings Lid a company linked by a trusleeldireclor in
common with the Charily. These donats'ons are treated as unrestricted. No amounts were paid lo Urban Space
Holdings Ltd during the year or prior year and no services or benefits were 9iven to it or ils director during
elther of those years. Al 30 June 2024 £nil was owed lo Ufban Space Holdings Lld12023'. £Nil). The Charity
made payments for rent and associated premises Costs of £3,094 in the year ended 30 June 2024 to Urban
Space Management ITBW) Ltd a company related to the Charity by a common directorllrustee12023.' £1,531).
15. Departuro from SORP and FRS 102
The Charity has combined the SS Robin and pontoon as one heritage asset. The Trustees consider thal the
pontoon enables the ship to be held and monitOTed for its historical and cultural importance.
Therefore. the Truslees consider it to be appropriate to recognise the ship and the ponloon as one asset.
The Truslees have also departed from FRS 102 (section 17- Property. Plant & Equiprnenll Irealing the
pontoon as an inseparable asset. although it could be sold separately if an altemative could be found.
As Ihe ship meets the definition of a herilage asset, and presenlakn'on of the ship is the objective of Ihe charity,
the Trustees consider recognisin9 the ship and pontoon togelher as a single heritage asset to be a Irue and
fair reflection of the circumstances of the assel. and so departUTe from section 18 of the SORP by including
the pontoon in heritage assets is appropriate.
The insurance valuation combine both the pontoon and the steam coaster together in the valualion and does
not separate the assels for valuation purpose5. The steam coastef and pontoon have historically been treated
Page 15

THE SS ROBIN TRUST
{A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
as a herilage asset held at cost until the completion of capital works. A separate valuation of both assets is
not available.
No further departures from the SORP or FRS 102 have been made and the Trustees are confident Ihat Ihe
accounts present a true and fair view.
Page 16