REGISTERED COMPANY NUMBER: 05920931 {England and Wales) REGISTERED CHAFUTY NUMBER: 1120476 REPORTQF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 FOR TFIE PEMBROKE DOCK HERITAGE TRUST LIMITED Bevan Buckland Ltd Chartered Accountants Castle Chambers 6 Weslgale Hill Pembroko Pgmbrokeshire SA714LB
THE PEMBROKE DOCK HERITAGE TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2028 Page Report of the Trustees 1 to S Independent Examlnef5 Report Stasement of Flnanclal Actlvltle5 Balance She8t 8 to 9 Note5 lo th¢ Financial Statements 10 10 16 Detailed 5tafement of Flnancial Actlvltles 17 to 18
THE PEMBROKE DOCK HERITAGE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The Iruslees who are also dlrectDrs of the charity for th6 purppses of the Companles Acl 2008, prèsent their report with the financial statements of the charity for the year ended 31 August 2025. The Iru5tee8 have adopted the provisions of AccountirvJ and Repong by Charities= Statement of Recommenderl Practlc8 applicable to charities preparing thelr acc¢15 in accordance with Ihe Financial Reportlng. Stsndard applieabk In th¢ UK and Republic of Ireland (FRS 102) (effective 1 J8nuary 20191. OBJECTIVES AND ACTIVITIES Obl¢ctlve5 and aims The Trust exists to preserv8, PTomDte and celebrate Ihe dch heritage ol Pembroke Docl wilh parkn'cular empaS on the fom)er flylng boat"station and Royal Dockyafd, its people and ils global aviation and rnaitime signlfiGance. Through Ihe Heritage Centre. exhibitions, evertg and outreach acbvities, we alm lo proMdE an engaglng and accessible exper16n(8 for visitorg whil& supporknng edtLation and community involvemenl. Revlew of the year The year trom 1st September 2024 10 31st August 2025 ha5 been one of steady progress, consolidalion and ren6wgJ confidence for the T(ust. Despite a challenglng operating environment, the organisatiDn has slfenglhened ils financial position. improved its vlsltor offer and continued to build strong foundations for future grL)Nth. The Heri18ge Cenirg delivered a varied 8nd engaging programme of exhlbitsons, inclLKling the successful Toy Soldièrs exhlbilion ancl new displays hiohllghling local and national heritage. SignifiGanl progress was also madp on tha relum and inslall8th.on of Ihe RAF Pembroke Dock hAemorial WirKlow, which repre8enlS a major 8ddiilon to th8 Cenlre's colletllon and an important commemorative project. Operationally, the Trust has contlnugd to manage its resourtss car8fully, achieving a stronger-lhan-expecled. financial outcome for the year, vvilh a surplus gènerated through a combination of effective cost conlfol, successful fvndraislng and strong community support. Improvements have also been made lo infrastructure, rnaintenan and IT systsms, alongsid2 ongolng work to enhancE the Cèntre's marketing, digilal presence and visitor expertence. The year also saw increased strategic plannlng, induding the adoption of an updated Business Plan and tho formation of dedicated wor"ng groups lor matkeling, events and fundralsing, p0511ioning the Trust well for the futuro. PublSc benefit Pembroke Dock Heritage TTUSt continues io deliver dear public bEnefit through the preservalion, inlerprelation and prombon of Iccal hefitage. Bull1ng on the work of its predecessor. the Sunderland Trust, the organlsalion ha5 estsblished a distinctive and valu8d heritage attracllon wilhln a relatively short period. Lcxaled within the hisloiic DooKy8rd Ch¥el, th8 Heritage Centre provldes an accessible and engaglng environmgnl for visitors of all ages, offering eyhibilions, events and educat¢onal opportunifjes Ihat bring the area's rtch history to IKe. The Trust works closely with volunteers. cDmfflunty groups and educational 1Stilutions to ensure thal ils activilips are inclusive. relev8nt and aligrd with local and n8tional 18aTning pricrstses. The Centre has become a w811-iegarded visitor destination .and plays 2n Important rale in supporting eommunily engsgomenl, lourism and e wlder regen8ratiDn of Pembroke Do¢. Trustees remain committed to further enhancing the Msilor eXperfen 8nd onsuring Ih3t the Trust continues lo deliver meaningful and lag'ting public tsnef Page 1
THE PEM8ROKE DOCK HERITAGE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 202$ OBJECTIVES AND ACTIVITIES Grant and fundralslng The Trust has continued to secure a rangg of grants and fundraising income to support both core acuvrtles and speclfic prolocls. Key funding achievefftents during the year included-. National Lottery Heritage Funj support for Ine RAF Memorial Wndow project (£11.988', received £5.999 in 2025 accounts and £5.989 in 2026 8ccounlsl Contributions from the RAF Hislorfcal Socièty (£5,000) and public donalicfis via Ju51Giving (over £2,500> Warm Roomg fun¢fing to support oommunity use of the Centre Enhanclng Pembrokeshire Community Engagement funding In addition. a number ol individual oontribulions have further slrengthEned the Trust's financial position. Fundraising aclivilies, including events and community Inlualives, have b88n highly effective, with the 1940s Dan, bria-braC sales and other inltiabves contributing significantly to voluntary income. The Trust has also continued to explo future fUndIg opportunities. indudiro grant applications for exh5on5, infrastructure Improvements and volunle8r d8Y8lopmenl. Volunteers Thg Tru51 remains a volunteer4ed organisatio and Ihe contribution of volunteers conllnue5 10 be centr81 to its Sucrpss. Volunteers support all aspects of the Centre's operations, Irjdudlng front-of-hou8e duties. eoffea bar, events. collechons Managème m8inlen8nce and outreach. During the year, efforts have been made to strengthen volunteer coordinal¥Jn, inEludino the introduction of a Volunteer Coordinator rote and Slructud rolas. Training opportunitie5 have also been provided, includin9 forxl safety IrainSAg and emorgency first aid. Volunteer commitment has been particularly evidarnl in the delivery of events, exhibitions and major prDjects such as the Nlemorial Window installation and preparations for the Royal Vislt. The Truslges extend their sincere thanks to all voluntee[¥ for their dedlcatlon, enthusiasm and ongolng suppart. ACHIEVEPAENTS AND PERFORMANCE Events and tommunlty engagement The Tru81 has delivewd a vlbrant and well-5UPPOrted prugramme of events, reinforcing its role al the heart of the local community. Hlghligh15 included participation in the Welsh Museums Festival, Family Actlvlty Week, and th8 Su55[1 delivery of1hemed exhibitions and school visits. Comrnunily engagement remained slrong throughout the year. with events such 8s the VE Day commemoration and book launch attracllng over 100 attenrjees, alongslde ragular outreach acuvlty with local schools and community groups. The introduction of f8mlly-focus8d activltsgs and a dog-fri8ndly policy has broadened the Centre's appeal and contributed to intreased Msitor engagernenL In a Ceremony in April, Japanese (fiplomat Mr Masaki Ikegl. Envoy Extraor(fjnary and Minister Plenipolenttary of Japan lo the United Kingdom, planted the sapling of a Gingko before a gathering of invited gu8Sts, Iruslees and centr8 volunteer5. He was joined by Captain Shuzo Homma, Naval Attache al the Japanesè Embassy. Tho original Gingko tree, in kne garden of the nearby Master Shlpwright's House. was gifted lo.the Icmin to mark the launch in 1877 of one of the first mcxlem warships for the Imperlal Japanese Naky. Major *undraising and communty events. Including the 19405 VENJ commamorative dance and Armd Forces Day, were partlcularfy 5UCGessful. both in t8ms of att8ndan¢o and raising th9 profile of fhe Trust Collatjoralion wlh local pertn8rs, induding th8 Port Aulhorily, Town Council and regional museums, has further slrengthened IheTru5t's community links. Page 2
THE PEMBROKE DOCK HERITAGE TRUST LIMITED REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 AUGUST 2026 FINANCIAL REVIEW Flnanclal ovetvlew The Trust's finanrAal position at thB close of 2024125 is stable, positive and sustainable, providing a str¥)ng foundation as wg move into tho 2025126 financial year. For 2024125, a small uper&lin9 defial had bgen anlicipalèd., however, the Trust 8chieVed 8 surplus of £6.809. This improved outcome reflects stronger-fhanthexpected fundraising. incre8sed Gift Aid recovery and careful CDSI management throughout the year. V1} some Income streams, inclutting 8dmtsslon5 and venu8 hire, were below f0caSt overall performance 8XC8&ded 6xp¢cialions and demonstrates the organisalion's slllence. As at 31st.August 2025, the Trust held nel assets of 298,273. This level of reservès provides both finanaal sÈcurily and fl8xibility. eD5uring the Trust is well placed lo managB futuro comniitments Énd Spond lo emerging opportunities. The balance she81 remains robust, underpinned by pNdent ftnancial management and Gonlrolled liabilities. The budget lor 2025126 has been sel on a catslious and sustainable basls. Income is forecast at £62,400 against projected expenditure of £60,750, resulting in a modest anllapaled surplus Of £1.650. Fundraiglng largels have been set at realistic levels, and event expenditu has been ¢arefully m8naged. Rent has been idenlfied as a key cost pressure. with provi8lon made for 8 Potèntial inrxease sublgct to confirmlon from Pembrokeshire County Coun¢ll. Overall, the Tntsi enters now linanclal year in a stronger position than originally forecast, supported by heahhy rèserves and disciplined financial planning. Nonetheless, rising operating costs particularly in relation to rgTr1-remain a concern, and progressing the Community Asset Transfer or renegoliation of lease terms will be an important priority in maintaining long-term financial sustainability. Reserves pollcy The TSteeS recognlse the importanco of malntainlng adequate financial re88rves to ensure the sta1&lY anrj continuty of the Tnjst's actlvilies. Res8rves are held lo meet short-term op9ralional n88ds. manage unforeseen exp8ndilur8, and 5UPPOrt the ongoing maintenance of th8 Herilagg Centre. Thg level of ieserves is reviowed regularly by the Trustees to ensure it remains appropriale in light of current and anlicipaled finanaal romrnilmenls. The Trust seeks lo balance PTudent financial management with Ihe ontinued investment required to 5UStain and develop its activtti"è& Steps will continue lo be talfen to manage costs effectsvely, strengthen income 8lream5, 8ncJ reduce fjnancial preSSuS where pos31ble. FUTURE PLANS A planned prlvale Royal Vlsit on f1 September 2025 by HRH Thg PrinGess Royol, (D view the RAF Mertnrial Imndow. which will be re-insts118d in the Chapel in early Sgplemb9r 2tT25. Wlh a formal re-de(ficalion, of the window, by the RAF'S Chaplin in Chief, on 26 October 2025. The coming yoar promises lo be an exciting and pivotal period for Ihe Trust. The.official opening of the HMS" Erebus.. From Dockyard lo Discovery exhib&tion in June 2026 will mark a major mlleslone, and we antlcypate increased vtsitor numbers together wllh wlder regional and nelional recognftion of Ihe Herilage Centre. Foll¢Ing the winter dosure, the Cenve wli I reopen lo Ine public on 30 March 2026, wlth a rafreshèd offer Ih8t inclLtdes enhanced displays, Improvements to tha oift shop, and continuad devglopmenl of )Asitor fadlllles. Alongslda thls, we will delivef a sirong programme of èvents, Indudlng Falcon 2026 and Armed Forces Day, bolh expeclgd lo allracl significant public 8ngagemenl We will conts'nu? to expand our educational outreach, worknng dosely with local schools and community groups. In particular. Ihe Erebus exhibition will provide new opportunities for leaming, with resources aligned to the Currteulum for Wales and designed lo refiecl local heritage and contemporary volces. Essential infraslruclL¥re improvements will main a priority and we wlll continue lo pursue capitsl funding opp(xtunllles'lor wider site improvements. As a volunieer-led organlsalion, thè continued commitmt of our volunteofs remalns ¢enlral to our $uccess. We aim lo reuuit additional volunteers, partlcularly lo support front-ofou5e op8rations. education dslivery and the coffee shop, while also slrenglhening voSunlogr support and coordination. Like many small charities, we continue to fac8 financial pffts5ures arising from rising operating costs and limited funding lor core activities. The ongoing maintenance of the G.rade 11 listed historic building also presents challenges. Hcswever, with stron9 community SLlPPOrt, a clear programme of activity, and careful financial manBgemEnl, the Trust is well placed to bulld on the progress of the past year and coniinue to gro.w In the year ahead. Page 8
THE PEMBROKE DOCK HERITAGE TRUST UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2016 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity Is controlled by its governing document, a deod .of trust, and constllLrte'8 a limllgd company. limited by guarydnlee, as d8ffnerl by Ihe Comparries Acl 2006. A¢knowledgemgnts The Trusle&s would like lo expres5 their sincere thanks 10 811 volunteers, supportefs, and fiJnders who have contrlbuled ID the SUC5$ of the Trust over the pasl year. In partlcular, we acknowledge the support of Pembrokeshire County Council, Pembroke DOCK Town Coundl. and our many indiwdual donors. The Trustees remain tiommitted to bull ding on thls progress 2nd ensuring that Pembroke Dock's unlque heritage continues to be preserved and shared for future genèrations. REFERENCE AND ADNIINISTRATIVE DETAILS Reglstered Gomparty ntsmber 05920931 (England and Wales) Regl$tered Charity number 1120476 Registered offlce Royal Dod(yard Ch8P81 MeyriGk Owen Vvay Pembrok8 01)Gk P8fflbtokeshir8 SA72 81 Trustees J A Evans M W Cavan8y G K Clarkst)n R Saldanha Dr A R Watkin Mrs J Phillips T J Clark (resigned 4.11.251 fvlrs P E George T Payn8 Mrs M Wlgglns A J Ludlow P Mltchell Mrs A K Scourfield {appointed 22.10.24) Company Secretary T Payne Independent Examlner Bevan Buckland Ltd Chartered Accountants Castle Chamb8rs 6 Westga16 Hill Pembroke Pembrokeshire SA714LB Page 4
THE PEM8ROKE DOCK HERITAGE TRUST LIMITED REPORT OF THE TRLISTEES FOR THE YEAR ENDED 31 AUGUST 2025 Approved by ord of.the board or trustees on .... Ig /¥N Z<7z6 . and signed on its behalf by.: R Saldanha- Trustee Paga 5
INDEPENDENT EXAMINER'S REPORT TO THETRUSTEES OF THE PEMBROKE DOCK HERITAGE TRUST LIMITED Indepondent examlnerfs report to the trnstees 01 The Pombroke DoGk Heritage Trust Limited I'the Company'l I POrt to the charity tru8tee8 on my examindon of thg accounts of the Compa'ny for the year ended 31 August 2025. Responslbllltlos and basls of report As the chartys trustees of the Company larirl also its directors for the purposes of company law) you are responsible for Ihp preparation of the accounts in accordance Iwlh the requiremants ot tn9 Companies Act 20061'ihe 2006 Act'}. Having sab'sfied myself that the ac¢ounls of th6 Company are not required to audited uryler P2rt 16 of the. 2006 Act and are eligible for Independent 8xaminalion, I r9POrt in respect of my examinatlDn of your charity's accounts as carr5e¢ out under Socllon 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carying out my examinaiion I have followed th8 Directions given by the Charity Commisslon untter Section 14515) {b} of Ihg 2011 A¢1. Independent examinels stalement I have completed my examination. I confirm that no matters havè coma.lo my aiienlion in connection with thè examination giving me cause to belleve-. aecounting records were not kept in rospect of the Compar]y as required by Section 386 of the 2Ct16 Act., or the acwunls do not accord with those rrdS., or the aoGouTrts do rKJt ¢ompty with the accounting requirements.of Section 396 of th8 2008 Act other than any requirement that the accounts give a true and fair view whlch is not a matter considered as part of on independent examination., or the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice lor accounting and reporting by charities (applicable to charities prep8rlng Iheiraccounls in accordance with Ihe Flnancial Reporting Standard Èpplicable in the UK and Republlc of Ireland (FRS1021). I hawe no concerns and have come across no other matleTS in ctsnneclion with the examlnatlon to whh attention shguld b8 drawn in this report in order to enable a proper urxlerslandlng of the accounls to be reached. Caroline Vvheeler Bevan Buckland Ltd Chartered Accountants Caslle Chambèrs fj Wè5tgaie Hill Pambroke Pembrokeshir SA714LB Date: . Page 6
THE PEMBROKF DOCK HERITAGE TRUST UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED SI AUGUST 2025 2025 Total funds 2024 Tol rund5 Unrestricted Restn"cled fund fund Note5 INCOME AND ENDOWMENTS FROM Donations and legaGie5 34.463 14,913 49,376 52.851 other trading activsties Investmt incomo 46,042 797 46,042 28,612 807 Total 14.913 82.070 EXPENDITURE ON Charitable activltles Delivery of Ihe charilies obj8cl$ 14.913 89.406 NET INCOMEt(EXPENDITURE) 6,a09 8,809 3,279 RECONCILIAnON OF FLINDS Totsl funds broughtforward 91,464 91,464 88,1 TOTAL FUNDS CARRIED FORWARD 98.273 91,4e4 The noles form part of these financial slalements Pa9e 7
THE PEMBROKE DOCK HERITAGE TRUST LIMITED BALANCE SHEET 31 AUGUST2025 2025 2024 Notes FIXED ASSETS Tangible 85Sèts 15.393 CURRENT ASSETS Stocks Debtors Cash at bankBnd in hand 10 11 3,984 1,730 97.138 4,294 3,072 80,834 102,852 88,200 CREDITORS Amounts falllng due within one year 12 (13,7421 17,510) NET CURRENT ASSETS 89,110 80.690 TOTAL ASSETS LESS CURRENT LIABILITIES 104,503 98,793 CREDITORS Amounts fallin9 due aRer more than one y.ear 13 18,2301 17,3291 NET ASSETS 91,464 FUNDS Unrestricted funds 98,2n TOTAL FUNOS 98.273 The Lerilable company is entitled lo exomplionfrom audit under Section 477 of the Companies Aci 200.6" for the y8ar ended 31 Augu512025. ThE members have not required the company to obtain an audit of Ils financlai slalements for IhE year ended 31 August 2025 in accordance wh Section 476 of the Companles Acl 2006. The Injstees acknowledge thair responsibS1ilies for {8} ensuring that the Laritable company kogP5 accounting records that comply with Sections 386 and 387 of th8 Companles Acl 2aos and (b) preparing Inancial slalements which gwe a true and fair Mew of the stale of affalrs of Ihe chanlable company as al tha end of each financial year and of 115 surplus or det(cil for each financlal year in a¢Gordance with Ihe requirements of Sectlons 394 and 395 and which Othe]86 comply with the requirements of Ihg Companies Act 21XJ6 relallng to financial stalementy, so far as applicable lo thè charitable company. The nofes form part of these financlal statements Page 8 continued...
THE PEMBROKE DOCK HERITAGE TRUST LIMITED BALANCE SHEET- conllnued 3.1 AUGUST 2026 These financlal stslements have been prepared in accordance with the 5xovisions applicable lo chaTllable companies subJ8Ct to the small companies regim8. ial statements were approved by the Board of Trustees and 8uthodsed for l$sua on o.1.6.... and were signed on ils behalf by.. The finan G K Cleit(son- Trustee .knJ ('J M WCav2ney- tee R Saidanha- Trustee The notes form part of these financial statements P8ge 9
TFIE PEMBROKE DOCK HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ACCOUNTING POLICIES Basls of preparlng the financial statements The finanrial sktements of the charitable Company, whlch is a public benellt entity urider FRS 102. have b8en prepared in accordan with Charitles SORP (FRS 1021 'Accounling and Reporting by Chaftties: StalemEnt of Rpcommenrjed Practice applicable to charities preparSng their aGcoun15 Iri accordance with the Financlal Reporting St8ndard applicable in the UK and Rgpublic of Irdand IFRS 1D21 {effeclive 1 January 2019),. Finanual Reportlng Slandard 102 The Financial Repon9 Slandar applIC8b in the UK and Republic of112nd, and tho Companies Act 2CK)S. The financial statements have been prepaTed undgrthe bislorical c05t CDnventson. Income All Income 15 reGognised in the Statement of Financial AclhAltes once the charity has entiuement to th8 fund5. ti 15 probablg that the income will be receiveQ and the amount can b8 measurod r81iably. Expenditur Liabilities afft CogniSed as expenditure as soon as there is a IEgal or constructive obligation eommlthng the Gh8rlty lo that axp&ndituro. It Is probable that a transfer of economic benefits will be required in selllement and tho amoun* of lh¢ obligation can be measured reliobly. Expendllure Is 8eLounted for on an accruals basis and has been classified under headings that aggregale all cost relatgd to Ihe category. Where costs cannot be diredy allribtrted to Particular headings they have been allocal8d to activities on a basis consislenl with the use of resources. Tangible fixed a¥sets' DepreciatKJn ig provlded at the followlng annual rates In order lo write. off each asset over its estimated useful Ilfe. Plant and equipment 15% dUcing balan Stock5 Sio¢ks are valued at the knwer of cost and nel reallsable value, after making dua allowance for obsolete and slow movbng Items. Taxatlon The charity is gxompt from corporation tax on its tharitable activities. Fund acGouDting .Unrpslricl8d fvnds can be used in accordance with the thanl8blè oty"eGtfves at the dlscreion of Ihp Irustees. Restricted funds can only ba used for party"Gular restrictgd purposes within the objects of the charity. Resiriclion9 arlse when speofted by the dorDr or when funds are raised for particular restricted purpo88S. lurther explanation of Ihe nature and purpose of each fund Is includeo in the notes to tha financial staLements. Hire purchase and leaslng commitments Renlsls paid under operallng le88es ar8 Charged to Income and expenditLTe account on a straight line bass over the period of Ihelgase. Penslon costs and other post4etirement benefits The chafitabl¢ company operates a defined contribution pension scheme. Conlribullons payat4o to thè charitable compan15 pension scheme are charged to the Swement of Financld Activities in Ihe period to which they relate. Grant Income Revenue grant Ineornè is recoonised al the dale of ce[pl. Page 10 ontlnued...
THE PEMBROKE DOCK HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST2026 ACCOUNTING POLICIES - contlftued Herltage assets The Irusl holds a number of artifacts that are considered heritage 8s$ets Th96e ilams arB not recognised in the balance sheet as c05t infomiation Ss not readily avallable and Ihe Irustees befieve that the benefits of obtaining valuatioris for Ihese artifacts would not justify the CDSI. N¢ady all th8 items are thought lo have a finandal value of less than "£50 and as far the trustees are awwe nD indimdual item is worth more Ihan £8QO. Th& Intention of the Iru8tees IS to liold these item5 Df memorabilia in good condition for display in the future however, subject to tho approval of the trustees items may be dispjsel of. Th15 woullj only happen in exceptional drcumslancps for examp(e when an rtem can not be propety displayed or the dlspcEal proc2eds could be used to purchase a better example. In addilion to U)? varied items of memorabllia the trust also has rèspon$lblllty' for tho war tim$ fying Ix>al SundeTland Flying Boat T9044. This is curyenlly submergod on tha b8d ol the river Cleddau and as 5uth can not bè valued. DONATIONS AND LEGACIES 2025 2024 Donations Gift aid Grants subscripb.ons Admissiong 3.647 3,755 18,913 785 2.328 3,640 22,158 745 49 378 52,&51 Grants received, induded in the above, are as follow8: 2025 2024 Pembrokeshire County Council Pembrok8 Dock Town Council PAVS Herilagg Lollery Fund Federation of Museums and Art Galleries of W81es Wglsh Govemment Tesco- Groundwork UK GEM Cymru Kids in Museum South Hook LNG NaOnal Grid Community Matters Fund 7,302 3,QDQ 2,112 5,999 50 6,938 3.OOQ 500 6,000 375 1.500 500 1,145 2.200 18,913 22.158 Page 11 ontlnue¢J...
THE PEMBROKE DOCK HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 AUGUST 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundralsing events Shop incomp Cafe inGome Venue hire .Wisitor seNlces 24,449 8,353 12,070 720 450 6,163 8,902 10,452 2,690 405 INVESTMENT INCOME 2025 2024 Deposit aCCOL*nt interest 797 607 NET INCOMEIIEXPENDITURÉ) Net inGornellexpendilurel is slal&J afterchargingl(creditingl'. 2025 2024 Depreciatlon - owned 8s881s 3,187 TRUSTEES. REMUNERlkTION AND BENEFITS There were no tslee5, remuneration or olher benefits for the year ended 31 August 2025 nor for the year ended 31 August 2D24. TNslees' expenses Thore were no Irusiee$' expenses pald for the ye8r end80 31 August 2025 nor for the year ended 31 August 2024. STAFF COSTS The 8veragg monthty numbgr of employees during the year'was as follows.. 2025 2024 Administration and management" No employe8s rgcelved emoluments in axcess of £60,000. Page 12 continued_.
THE PEMBROKE DOCK HERITAGE TRUST UMITED NOTES TO THE FINANCIAL STATEVIENTS - Gontinued FOR THE YEAR ENDED 31 AUGUST 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslncted lund Restricted tund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 40,567 12,284 52,851 Other trading 8cIIvsties Inveslment incoma 28,812 807 28.612 607 Total 82.070 EXPENDITURE ON GhaAtable actlvlt185 Ddivery of the Gharities objects 66,507 12,284 78.791 NET INCOME 3.279 3,279 RECONCILIATION OF FUNDS Total funds bri)ughl forward 88,185 88,185 TOTAL FUNDS CARRIED FORWARD 91464 91,464 TANGIBLE FIXED ASSErs Plant and equipment COST At 1 September 2024 and 31 August 2025 91,965 DEPRECIATION At 1 September 2024 c.harge for year 73.882 At 31 August 2025 76,572 NET BOOK VALUE At 31 August 2025 Al 31 Augusl 2024 18,103 As stated in the accounting policies no amount is included in fixed assets for the value of heritage assets. both 8fect5 and Sunderland Flying Boat T9044. Page 13 continued...
THE PEMBROKE DOCK HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE YEAR ENDED 31 AUGUST 2025 10. STOCKS 2025 2024 Blooks 3,984 4,294 11. DEBTORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade dèbtors Prepaymwnts 1,700 1,372 1.730 3.072 12. CREDITORS: AhlOUNTS FALUNG DUEWIThIN ONE YEAR 2025 2024 Trade oroditors Creditcard Accrued e¥pens85 Defetred grants 11,655 264 724 1.099 1,461 13,742 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2U25 2024 Deferred grants 6,230 14. ANALYSIS OF NET ASSETS BEIWEEN FUNDS 2025 Tolal funds 2024 Totsl funds Unrestricted Resiricled fund fund Fixed assets GUnI assets Cuwl liabilities Long term liabiliti85 15,393 102,852 113.742) 6,230 15,393 102,852 (13,7421 6.2301 18,103 88,200 17.510) 7,329 98.273 91.464 1S. MOVEMENT IN FUNDS Net movement in fun¢Js Al 31.8.25 At 1.9.24 Unrestricted funds General fund 91.464 8,809 98,273 TOTAL FUNDS 98.273 Page 14 conts'nued...
THE PEMBROKE DOCK HERITAGE TRST LIMITED NOTES TO THE FINANCIAL STATEMENTS - coTrt"Knued FOR THE YEAR ENDED 31 AUGUST 2025 15. IIqOVEMENT IN FUNDS- contlnued Net m0vent in funds. included in the above are as folluws.. Incomlng fesourc95 Rgsuurces expend&d Movement in funds UnTEStricted funds General fund 174,493) 6.809 Restrlcted funds Resiricled Fund 14,913 114,913) TQTAL FUNDS 96,215 89,406) Comporatlves for movement in funds Net Movement in funds At 31.8.24 At 1.923 Unrestricted fvnds Genei81 fund 88,185 3.27 91,464 TOTAL FUNDS 3.279 91,484 Comparallve net movement in furKls. Sncluded in tha above are as follows.. Incoming resources Resour¢e$ expended ovement in funds UnrEstricted funds G¢neral nd 69,786 {66,507) 3279 Re5tri¢ted funds Reslocted Fund 12,284 (12,2841 TOTAL FUNDS 8,7911 3.279 A cuml year 12 month5 and prioryear 32 months comb5ned P05ition is as follows.. Net movement in fuNIs At At 1.9.23 Unrestricted funds Ggnerd fund 88.185 10,088 98.273 TOTAL FUNDS 98,273 Page 15 Contsnued..
THE PEMBROKE DOCK HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - cofttlnued FOR THE YEAR ENDED 31 AUGUST 2025 15. MOVEMENT IN FUNDS- contlnued A curr8nl year 12 manlhs and pior year 12 months combined net movement in funds. includ8d In th& abov8 are as follows.. R8sources expended MDvemenl in funds r8sourc8S Unrestrfcted funds Gèn8ral fund 151.088 (141.L]001 10,088 RestrlGted lunds Restricted Fund 27,197 127.197) TOTAL FUNDS 178.285 (168,197) 1& RELATED PARTY DISCLOSURES The Trust purchased book5 to Ihe value of ENil (2024 £2B6> from John Evans, a Trustee. All transactions were at market value and no amounts were outstanding at the year end. 17. VOLUNTEER HOURS No 8dJusiment has bean induded In the aGcounts to refl8Ct the value of volunteer lime. Page 16
THE PEMBROKE DOCK HERITAGETRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 INCOMEAND ENDOWMENTS Donatlons and legacies Donaion5 Gilt aid Grants Subscriptions Admlssions 3,647 3,755 18,913 785 22,276 3,840 22,158 745 23,980 19,376 52,851 Othertradlng actlvitles Fundraislng events Shop income Cafe incorne Venue hire Visilor services 24.449 8,353 12,070 720 450 6,163 8,9)2 10,452 2,690 405 46.042 28.612 lftvestment Income Deposit aount interesl 797 607 Total Incomlrtg resources 96.215 82,070 EXPENDITURE Charitable actSYltles. Wages Pensions Purchasgs Event costs Cafe expen58s 10,543 397 5,227 11.761 4,502 317 3,527 2,989 3.142 32.530 19.423 Support Costs Management. 5undries Accounl8ncy 675 1.72D 553 1.600 2,395 2,153 Finance Credilcard charges 1.058 1,292 Other Rate5 Bnd waer Insur8nce Lbght and he81 Carded foNard 552 6,861 2,836 10,249 152 4.649 10,923 This pagg does not ft)ryn part of the slalulory financial statemonts Page 17
THE PEMBROKE DOCK HERITAGE TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Other Brought forvlard Telephone Postag8 and sialionery SLtb5cripliDns and memberships Small equipment 8nd repairs t)isplays and archNe m81erials Advertising and marketing Cleaning Rent and storage cosis Proled expenses Firg prevonlion and Security ilo off of bad debt Equipmenl depreciation Release OF c?ptal grants 10,g23 2,553 2,979 2,072 968 3,404 105 3,137 1,245 3,455 6B8 2,380 1,473 9,141 13.442 337 6,000 3,187 1,5221 21,810 299 65,92.3 Total reSoue5 expetyjed 89,406 78,791 Net Income 3.279 Th16 page doe5 nOtfO part of the stolulory fin8ndal statements Page 19