2025-06-30-accounts

Registered number: 04459544

Charity number: 1095884

THE SS ROBIN TRUST

(A Company Limited by Guarantee without a Share Capital)

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

THE SS ROBIN TRUST

(A Company Limited by Guarantee without a Share Capital)

CONTENTS

	Page
Company Information	2
Trustees’ Report	3-5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
NotestotheFinancialStatements	9-16

Page 1

THE SS ROBIN TRUST (A Company Limited by Guarantee without a Share Capital)

COMPANY INFORMATION

DIRECTORS / TRUSTEES

DIRECTORS / TRUSTEESTRUSTEES	Robert Barnard
	Anthony Bowring
	Paul Brickell
	David Green
	Derek Mann
	Eric Reynolds
	Kevin Whittle
REGISTERED OFFICE	The Gate House
	Trinity Buoy Wharf
	64 Orchard Place
	London
	E14 0OJW
BANKERS	LLOYDS BANK PLC
	70 — 71 Cheapside
	City ofLondon
	London
	EC2V 6EN
	UNITY TRUST BANK PLC
	4 Brindleyplace
	Birmingham
	B1 2JB
COMPANY REGISTERED NUMBER	04459544
CHARITYREGISTEREDNUMBER	1095884

REGISTERED OFFICE

BANKERS

COMPANY REGISTERED NUMBER

Page 2

THE SS ROBIN TRUST (A Company Limited by Guarantee without a Share Capital)

Trustees’ Report

The Trustees present their annual report together with the financial statements of the SS Robin Trust for the year ended 30 June 2025. The Annual Report serves the purposes of both a Trustees’ Report and a Directors' Report under Company Law. The Trustees confirm that the Annual Report and Financial Statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).

Objectives and activities

e Policies and objectives

The Charity's aims are the restoration, preservation, 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 the restoration of the SS Robin and to find an appropriate way to use the ship such that it not only reflects her heritage and history but also has a viable and sustainable future.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

Achievements and performance

e Main achievements of the Charity

During the year to 30 June 2025, with the SS Robin moored at Trinity Buoy Wharf, the charity successfully continued its programme of renovation. Laying wooden flooring in the hold and pontoon has enabled the charity to rent out space to fund further maintenance. Work has started on the floors in the galley and boiler room to enable easier access.

Financial review

e Going concern

After making appropriate enquiries and reviewing the bank balances and business plan for the next 2 years, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for at least 12 months following the approval of these financial statements.

e Financial review

The Trustees have operated the Charity on a breakeven basis in order to maximise the funds available for restoration work. During the year ended 30 June 2025, the Charity made a surplus of £54.

e Reserves policy

The Trust seeks to have unrestricted reserves at least equal to six months running costs of the organisation. This is sufficient to ensure that cash flow does not become an issue and allows sufficient reserves to undertake an orderly wind down of the Trust should 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 Trust complies with this policy.

Page 3

THE SS ROBIN TRUST (A Company Limited by Guarantee without a Share Capital)

Structure, governance and management

e Constitution

The Charity is registered as a charitable company, limited by guarantee without a share capital.

The Charity is constituted under its Articles of Association dated 12 June 2002 and has the registered charity number 1095884.

e Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

e Organisational structure and decision making

Trustees make strategic decisions, set policy and budgets, and review financial information. Contract staff and consultants make operational decisions and report to the Board of Trustees.

e Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and, finances of the Charity, and are satisfied that systems and procedures are in place to mitigate the Charity’s exposure to the major risks.

Page 4

THE SS ROBIN TRUST (A Company Limited by Guarantee without a Share Capital)

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state 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 policies and then apply them consistently; ° observe the methods and principles of the Charities 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 to any material departures disclosed and explained in the financial statements;

• ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements 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 irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

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Mr Eric Reynolds
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Date: 30 March 2026

Page 5

THE SS ROBIN TRUST (A Company Limited by Guarantee without a Share Capital)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES / DIRECTORS OF THE SS ROBIN TRUST FOR THE YEAR ENDED 30 JUNE 2025

| report to the trustees on my examination of the accounts of the Company (the SS Robin Trust) for the year ended 30 June 2025 which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act’).

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 examination, | report in respect of my examination of your company’s accounts as carried out under Section 145 of the Charities Act 2011 (“the 2011 Act"). In carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect:

• e the accounting records were not kept in accordance with section 386 of the 2006 Act; or e the accounts do not accord with those accounting records; or

• e the accounts do not comply with the applicable requirements under Section 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 independent examination.

• e the accounts have not been prepared in accordance with the methods and principle of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts with accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

| have no concerns and 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 understanding of the accounts to be reached.

T Whelan ACA 35 Church Meadow Surbiton Surrey

30 March 2026

Page 6

THE SS ROBIN TRUST

(A Company Limited by Guarantee without a Share Capital)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025

		Restricted	Unrestricted	Total
		funds	funds	funds	Total funds
		2025	2025	2025	2024
		£	£	£	£
Income from:
Trading	2	-	30,194	30,194	447
Donations and legacies	3	-	18,582	18,582	317,268
Investments	4	-	-	-	61
Total income		*	48,776	48,776	317,776
Expenditure on:
Charitable activities	5-8	-	48,722	48,722	50,309
Total expenditure		-	48,722	48,722	50,309
Net movement in funds		-	54	54	267,467
Reconciliation offunds:
Total funds brought forward		14,331	733,767	748,098	480,631
Net movement in funds		-	54	54	267,467
Totalfundscarriedforward	13/14	14,331	733,821	748,152	748,098

The Statement of Financial Activities includes all gains and losses recognised in the year. The 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 2025

BALANCE SHEET AS AT 30 JUNE 2025	BALANCE SHEET AS AT 30 JUNE 2025	BALANCE SHEET AS AT 30 JUNE 2025	BALANCE SHEET AS AT 30 JUNE 2025
Oa
	Notes	2025	2024
		£	a
FIXED ASSETS
Tangible fixed assets	9	606,894	624,202
CURRENT ASSETS
Debtors Cash at bank and in hand	11	26,726 114,532	S2532 99,699
		141,258	132,231
CURRENT LIABILITIES
Creditors: amounts falling due within one year	12	-	8,335
NET CURRENT ASSETS		141,258	123,896
TOTAL ASSETS LESS CURRENT LIABILITIES		748,152	748,098
CHARITABLE FUNDS
Restricted funds	13	14,331	14,331
Unrestricted funds	AS	733,821	733,767
TOTALFUNDS		748,152	748,098

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the 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 to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 30 March 2026 and signed on their behalf by:-

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E Reynolds ag
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Trustee and Director The notes on pages 9 to 16 form 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 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102)Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Companies 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 transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, the functional currency of the Charity and rounded to the nearest £.

The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities SORP (FRS 102) published on 16 July 2014 only to the extent required to provide a ‘true and fair’ view. For details of the departure, see note 15.

• 1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Donated services or facilities are recognised 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 to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to investment income is recognised at the time the investment income 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 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.4 Going concern

The Trustees have prepared the financial statements on the going concern basis as the financial reserves held at the date these financial statements were approved are sufficient, in the Trustees’ opinion, to enable the Charity to continue to operate for at least 12 months from the date the financial statements were approved.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party; it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the 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 directly undertaking the 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 2025

1. Accounting policies (continued)

1.6 Tangible fixed assets

Fixed assets are stated at historical cost, net of depreciation and any impairment.

Depreciation is provided on all tangible fixed assets except the SS Robin heritage asset. Depreciation is calculated at rates to 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 Heritage assets

The heritage asset in the accounts is capitalised and classed as such because it is the world's oldest complete steam coaster and is in the process of being restored to its original condition so as to 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 showa true and fair view. See note 15 in the financial statements.

The policy with respect to impairment reviews of the heritage asset is an annual impairment review that compares the value to the insurance valuation. Impairment losses are recognised in the Statement of Financial Activities incorporating the Income and Expenditure Account.

• 1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event if it is probable that 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 amount 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 provide.

Provisions are measured at the best estimate of the amounts required to 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 reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

1.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

• 1.9 Fund accounting

General funds are unrestricted funds which are available for use at 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 2025

Restricted funds are funds which are to be used in accordance with specific restrictions 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 the notes to the financial statements.

2. Income from trading

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2025	2025	2025	2024
						£	£	£
Income	from	filming	&	events	-	30,194	30,194	447
TOTAL					-	30,194	30,194	447

3. Income from donations and legacies

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2025	2025	2025	2024
		£	e	£
Donation		15,000	15,000	300,000
Donation-in-kind		3,582	3,582	17,268
TOTAL		18,582	18,582	317,268

The donations in kind in 2025 and 2024 were provided by Urban Space Holdings Ltd which paid for services on behalf of the Charity and confirmed to the Trustees that the amount would not be repayable. There is no restriction on this donation-in-kind.

4. Investment income

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2025 2024
£ £
Bank interest - unrestricted . 61
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1. Analysis of expenditure on charitable activities

Summary by fund type

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2025	2025	2025	2024
			£	£	£	£
Restoration	&	Preservation	-	48,722	48,722	50,309

Page 11

• THE SS ROBIN TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

6. Analysis of expenditure by activities - unrestricted

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|||||||| |---|---|---|---|---|---|---| |Activities| |undertaken|Support|Total|Total| |directly|costs|funds|funds| |2025|2025|2025|2024| |£|£|£|£| |Restoration|&|preservation|40,911|7,811|48,722|50,309|

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||||||| |---|---|---|---|---|---| |Analysis|of support|costs|-|Total|Total| |unrestricted|2025|2024| |£|£| |Rent|&|rates|2,632|18| |Heat,|light,|water|104|113| |Office|costs|1,831| |Insurance|4,046|3,962| |Legal|&|professional|170|159| |Marketing|-|2,335| |Computers|782|820| |Bank|charges|77|177| |7,811|9,415|

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1. Staff costs

The average number of staff employed by the Charity during the year was nil (2024: nil).

8. Trustees' remuneration and expenses

During the years ended 30 June 2025 and 2024, no Trustees received any remuneration 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 2025

9

Tangible fixed assets

	Plant&	Heritage	Total
	Machinery	Vessel
	£	£	£
Cost
As at1 July 2024	432,681	200,000	632,681
As at 30 June 2025	432,681	200,000	632,681
Depreciation
As at 1 July 2024	8,479	-	8,479
Depreciation charged in the year	17,308	-	17,308
As at 30 June 2025	25,787	-	25,787
Net book value
At 30 June 2025	406,894	200,000	606,894
At30June2024	424,202	200,000	624,202

10 Heritage assets

	SS Robin was acquired by the Trust for	a nominal £1 and all works capitalised at	historic cost value. The	historic cost value. The
	heritage asset insurance valuation consists ofboththeSS Robin 1890 riveted steam coasterand the attached pontoon. This is a departure from SORP (FRS 102) to showa true and fair view ofthe assets value in the
	accounts. See note 15 for further information.
11.	Debtors		2025	2024
			£	£
	Due within one year:-
	Other debtors		21,582	120
	Prepayments & accrued income VAT		4,000 1.144	- 32,412
			26,726	32,532
12.	Creditors: A ts falling d ithi reditors: Amounts falling due within oneyear		2025	—
			£	£
	Accruals and deferred income		-	8,335

Page 13

' "6 THE SS ROBIN TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

13. Statement of funds

Statement of funds - current year

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|July|Income|Expenditure.|30|June2025| |2024£|£|£|£| |Unrestricted|funds| |General|Funds|—|all|Funds|733,767|48,776|(48,722)|733,821| |Restricted|funds| |Fixed|Asset|Fund|14,331|-|-|14,331| |Total|of funds|748,098|48,776|(48,722)|748,152|

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Fixed Asset Fund - this represents the historic cost value of capital expenditure during the initial restoration phase less any subsequent impairment of the fixed assets.

Statement of funds - prior year

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Balance at
Balance 30 June
1 at 2024
July 2023 Income Expenditure £
£ £ £
Unrestricted funds
General Funds- all funds 466,300 317,776 (50,309) 733,767
Restricted funds
Restricted Asset Fund 14,331 - 14,331
Total of funds 480,631 317,776 (50,309) 748,098
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Page 14

' * THE SS ROBIN TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14. Analysis of net assets between funds

Analysis of net assets between funds

Analysis of net assets between funds
	Restricted	Unrestricted	Total
	funds	funds	funds
	2025	2025	2025
	£	£	£
Plant & machinery	-	406,894	406,894
Heritage assets	14,331	185,669	200,000
Current assets	-	141,258	141,258
Total	14,331	733,821	748,152
Analysisofnetassetsbetweenfunds- prioryear	Restricted	Unrestricted	Total
	funds	funds	funds
	2024	2024	2024
	£	£	£
Plant& machinery		424 202	424,202
Heritage assets	14,331	185,669	200,000
Current assets	-	132,231	132,231
Creditors due within one year	-	(8,335)	(8,335)
Total	14,331	733,767	748,098

15. Related party transactions

During the year, the Charity received the benefit of a donation of £15,000 (2024: £300,000) and a donationin-kind of £3,582 (2024: £17,268) from Urban Space Holdings Ltd, a company linked by a trustee/director in common with the Charity. These donations were treated as unrestricted. Sales for event space were made to Urban Space Holdings Ltd and its subsidiaries during the year amounting to £21,750 (2024: £nil). At 30 June 2025 £10,200 was owed by Urban Space Holdings Ltd (2024: ENil).

The Charity made purchases for rent and associated premises costs of £3,114 in the year ended 30 June 2025 to Urban Space Management (TBW) Ltd a company related to the Charity by a common director/trustee (2023: £3,094).

16. Departure from SORP and FRS 102

The Charity has combined the SS Robin and pontoon as one heritage asset. The Trustees consider that the pontoon enables the ship to be held and monitored for its historical and cultural importance.

Therefore, the Trustees consider it to be appropriate to recognise the ship and the pontoon as one asset.

The Trustees have also departed from FRS 102 (section 17: Property, Plant & Equipment) treating the pontoon as an inseparable asset, although it could be sold separately if an alternative could be found.

As the ship meets the definition of a heritage asset, and presentation of the ship is the objective of the charity, the Trustees consider recognising the ship and pontoon together as a single heritage asset to be a true and fair reflection of the circumstances of the asset, and so departure from section 18 of the SORP by including the pontoon in heritage assets is appropriate.

Page 15

_'

© THE SS ROBIN TRUST

• (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

The insurance valuation combines both the pontoon and the steam coaster together in the valuation and does not separate the assets for valuation purposes. The steam coaster and pontoon have historically been treated as a heritage 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 that the accounts present a true and fair view.

Page 16