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 Repo￿ng 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
emp￿a￿S 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. Bull￿1ng 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 aligr*d 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￿, bri￿a-braC sales and other inltiabves contributing significantly to voluntary income.
The Trust has also continued to explo￿ future fUndI￿g opportunities. indudiro grant applications for
exh5￿￿on5, 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 Slructu￿d 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 Su￿￿55[￿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 Ikeg￿l. 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. V￿1}￿ some Income streams, inclutting 8dmtsslon5 and venu8
hire, were below f0￿caSt 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 confirm*lon 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 T￿SteeS recognlse the importanco of malntainlng adequate financial re88rves to ensure the sta￿1&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 preSSu￿S 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 commitm￿t of our volunteofs remalns ¢enlral to our $uccess.
We aim lo reuuit additional volunteers, partlcularly lo support front-of*ou5e 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 SUC￿5$ 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 r￿rdS., 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 wh￿h
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
Investm￿t 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 L*erilable 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 w￿h Section 476 of the Companles Acl 2006.
The Injstees acknowledge thair responsibS1ilies for
{8}
ensuring that the L*aritable 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 Repo￿n9 Slandar
applIC8b￿ in the UK and Republic of1￿12nd, 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
Na￿Onal 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 t￿slee5, 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 8￿fect5 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
GU￿nI 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 TR￿ST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - coTrt"Knued
FOR THE YEAR ENDED 31 AUGUST 2025
15. IIqOVEMENT IN FUNDS- contlnued
Net m0ven￿￿t 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 a￿ount 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 reSou￿e5 expetyjed
89,406
78,791
Net Income
3.279
Th16 page doe5 nOtfO￿ part of the stolulory fin8ndal statements
Page 19