2024-12-31-accounts

SHEERNESS DOCKYARD PRESERVATION TRUST (A COMPANY LIMITED BY GUARANfEE) REGISTERED CIIARITY NUMBER: 1110812 RtGisfERED COMPANY NUMBER: 09197223 (England and W*lul REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

SHEERNESS DOCKYARD PRESERVATION TRUST ONTENTS OFTHE FINANCIAL ENT 31 DECEMBER 2024 R¢portolth•Trn•t¢o• 1 to 5 Roportolth• Indep•nd•nt Examln4r Stat•m•ntof Flnin¢lal Balin¢• Sh••t Cuh FIThT&at•m• Notm to thoCa•h Flow St&tsm•Tht 10 toth• Flninclal 11 b YJ Oddled Ststthn•nt of Flnandal 21 to 22

SHEERNESS DOCKYARD PRESERVATION TRUST EPORT OFTHE TRUSTEE OR THEYEAR ENDED 31 DECEMBER 2024 The In￿lee$ who arn ax dlrttknrs ofts carfty frf the Fwoses of the Companks 2￿6, present IW rep)rt tAith the finoncial stateryvits 01th8 charity lor the yeareNled 31 Decerrther2024. ThetNslees have adopted the provisons or AcC￿Jnon9 and by Charities.. Ststemenl of Rg))mmendgJ Practi￿ b) charities PTepariThJ theAr axounts in accordarte With the Financil Reporbng Stsndard appli￿ble in thts UK and Republi¢ ol Ireknd IFRS 102) leffective 1 January 20191. OBJECTVrfES ANDACTMTES Mission Statsrnent The￿eeThSs CtKyardPreseNaticffl Truslwasfrwnded In 2014 to¢ampagntrth&preSeNabonoftshlstork￿Itd1MJs in and around Ihe formerRoya NavaE Ct(yard al Sheeffl￿. The S￿MeSs Ocd(yard PreservaioThTrust h&8tsDstrgi¢ ai .To pres￿¥8 f(f Ihe benefilofthe Fe of Slwrw2nd dthe nalton, the histoYKI, ar¢hiithir41 ar¥J oJnsthKJonal herttsge may eyjsl In and aNnd Sheern￿, in p￿tirA￿ar in and ar￿[￿j the fcqrneT Royd N￿al In .Toadvance the pubfrejucatsm and inwin a[￿rt￿trjrar ￿tage0fth1 lo￿1 area Significant athAlles The main actiwty that the Trust has Overs￿ ts the reSt(rt￿ of the ￿kyard Church Imjihlw wikn the fomw Royal Nava D¢yy￿d at sheer1￿S. truste85 have leased thg COrnFktsd biuldirvd bj Medka Lid. run Ihe ￿te as'wand Wotkl, and we are very ￿eased to seethe Church broughlback to lrfe, and the building Ihliving &s an enlSe￿tre, eWts$p￿ café, Imth a Iwde range ofcoNThunity actiwty tsking Fl￿WIthIn ts bU1￿1n9. A seth phase prCle¢l￿r￿JY al initrabon st&Je is to ￿￿SIder a larger presentstion ofthe famous Sheemess Dockyard MTrJel and explore opporbjruties to create 8 public presentaticn of ts enbremodel ￿ enable wsitor ¥lvFUes respondirvJ to this unK4ue and artefxt. Publk B& The Charity has refer￿1 gubjartt in ts ch￿ CcqnmissioTh guidance rffj PUbr￿ b￿efi1When rewewiTrg and and in ￿annIng future actiMts8& In particular. the TrusÈes consfder Flanngj acbwbes Jntrbute b) the th$ oty'ecoyes that they ha￿ seL The TN51eeS¢4￿fiMl thaithey hasE¢onylied th8 duty in settl￿ 1716lolthe CharilEsArt2011 ) ha￿ due regard b) the Chaity CcfnmBskffl's ￿er￿ guh1Bni on Wb1￿ tenefiL Volunteors QJrrenUythe (Tharity doe5 nolutilile vol￿te¢r$ in ts th, olherthan the tUnecc￿￿ltted byTNstees in the￿￿that they do in super*ilng the DrKkyard Church prr4ecland overwng the qjeration ofthe Charity. P4e1

SHEERNESS DOCKYARD PRESERVATIONTRU REPORT OFThETRUSTEES FCIR THE Y￿R ENDED 31 DECEMBER 21124 Lasl wcigx a fwStCc¥K£i￿ ago. breslore the Futty t4ittJrATrJ aC(ffe￿t d£4hn • L• HwitJe FuThJ. ￿ nwtth lunthr¥J beiNJ a nwnbwol oth¥ trusts, IThlhith￿s. hilh S￿l[￿nI additi￿1 support (oThllng Iran Historic England, and the im￿jing to Pth ui th 2023. th 2024 crf the def&Xs periDa dthe t final ctsYkn dthe (£ffltra Prcq& aTrJ winrdng ts wesbjw FW 0fts%Y￿ xrd. it has also twniled T￿lh liJTa••ts atts RB4 &)Jth E•1 Di M￿￿25, &JMllwJ of th• Operatlon oftlk• Dockyard Chyrth BuiThfjng: This ywa5 Ihe fu51 ￿arth a f￿1 yearofcPerati￿ ofthe ikling, TrMth.l￿￿ w￿ts, cyen WKlerthe c4 P￿1 Arnfrevts ol FruittuAI M The Cafè c(￿tinUeS kngo Irc4n smgth bstri thrthi of&￿, has a large nuffknerof regular¥i$bJr5. the 4xes hc6trwj￿ trAwY¢ •d a raweof Th• Dtttyard Modql: The contrxlf¢((I5pia￿r￿j oflhe tkty Ih)Id desig￿sAndY￿d ShTh Feasltho on a¥h￿l￿5 ￿ d in ntTht M￿m5. Thesm (rf ge¢we￿ n￿db￿ display cases ofdiffwentsizes they deyj WAf fricatgJ, we ncwcl) th￿8y¥￿trdfi the gr￿ knr ofthe restored trKlllding. shoknir¥J rwjd the imbk forthewffir5t tim& The seC1K￿ Ik#Jel ue on d￿p￿Y in the Clyjrch. ts exknt(knh&l￿ar strxe a¥J the supi¥irvJ Nml trn ald txy8rd ￿￿r(L Fundraising ¥liviti rrentyeW&irtrJ the ponliof¥th ￿Dd￿rrfjW0a1Jrtslo9ip[￿the ￿￿j￿ng * as>JualJcperation5 offuttxe hllpsJlsdpLug.

SHEERNE&S DOCKYARD PRESERVATION TRUST FINANCL4LRe¥qEW Fln8ndal wlbon As the mwn o)nstru¢tkffj pha8e oltr DcKkyard Chuth Ralon Prle¢l¢uWettrJ in Juty 2023, 2ff24 w a svjnificanldecrease in ts Ou(q￿ThJ resources for fv ￿arity. The total incJ)ming resou￿e9 ￿re £325,358, down fr £561.358 in tho prioryear. The maicffjty olthi$ in¢ome ¢onn&t8d to th•op8ralng lease forthe c4￿Y8rd Chur¢h bvlldirKJ. Re51ricbJ bJr¥ts 36 at the year end £1,535,728 pofd.. £1,320,592). Unrestrictejj fijnds al Ihe we£lOO,43312023'. £45.￿1. Prlnclpalfundlng sour¢e• Ji Wged fvnds have nrm been ￿th•J. A fvtther gT8nl from th& Art Fund rdattng io the d￿kY&d MI￿1￿ ¥All be corrotet&J once 3D fKanning of the model has been Gorylet￿ In Its new sw8 spaLx In KenL Vle are encrfn)XLg gratelul toau c￿rS￿P￿rt￿s lor giving Sogenem￿￿ to this kndrnth pffjj&L Ros•N•s polt Resfficted fvnds IrKlude any havo boen gr8ntsd b the TnAt for8 purpose such 88 prO￿t wo or conlrlJutkffl8 kj a caphalvths pr(¥ramr Unregth¢led fvnds are ony l￿d$ ￿tch have bw donat￿ to, cyeaml by th8charity, notdeslgnatod agalnsl a parlcular spendlng stre&n and be s￿1 by the chartty to further Ch￿1￿ Resw are mdntlwl to enwrg the ol thè Charfty to manage cashllow LIS￿ and to ￿1t49 It tr) achl84•1ts objacts and aM￿l¢]n$. iJur ¢urMI ro$8r¥8s pol¢y L8 thal w6 ar8 8eeklNJ to ensure Ihal we have suffld•rrt the esumaied ¢osl ol operation ol the Ente￿1198 Centrè for a 016 months Flu$1Vh. Althe startolth•yw, tho of reBer¥eB w￿£45,￿). Al the end o1th62024 firwnc4al perknd, uryestrfthd reser¥85 pre£1iXI,433. Golng eoncém After maknng appropriatè 8nwlrfeJ, and conslderalon of lo￿a$ts prepared for the next12 rnonths, tha trustees have a rea¥on¥bkg expethlSon that th8 <arfty has &Jequats rosources to C￿￿nue in 0wrnl￿8l exlstence for the foreseeable ture. Forthl8 reason, they Contin￿ to adcottho gc4w Knc¢m In pryrfng 8tatorn￿. Thereare no 8pK4ftG arrw81 tho BotholTwsièas at the wnlollhii reptht STRUCTURE, GOVERNANCE ANDIAANAGEMENT Governlng document The charitable ccmpany is ¢ontroll&l by Its go¥￿nIr￿ thyxmM( the Mewmndum & Arlkles ol Assttlauon d8￿j 01h)912014, and a$ amended by yclal wdulon datsd 2IYOW2015, and Co￿tibJ￿8 a ¢onpany, Ilrftfted by guarantee, as defln&a ty the CoryantesAct 2LIJ6. ReGntitm•ntand appOlrth￿nt of nvAtrwt4 s sel In the Artdes alAsK￿ation Ihe Board shall cMsbtolalle8slthree Tru8le88, and r￿mor8th￿ tsvetve. Al the annual genwal mtsng ¢)ne thlrd olthe trustees Thw51retire, with Ihose kngesl in ofke relmro first arK1 Ihe thole• behveen any ol equd Servi￿ bing mJ¢ by drawng lo￿11 Ihe Charity, al tho rrwting al thlch a trustee retires by rotallon, do85 notffill the wancy, tho retiring trustee shati, rftmllwig to ac( be deem&J lo havebeen reapFolnl&l unless at the meetsig il is fe>)]%ed lo fill the vacancy or unless a T￿lUti￿ l¢r the reappdnbmenl of the tNsle8 is put to Ihe m*ling lost F¥OSptheln￿ are recLrnetNled byexi%Ung tyusteestoldnlhe t¢)ard ofinth, LYathwtisements8re in the press. P8g8 3

SHEERNE&S I)OCKYARD PRESERVATION TRUST TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 21)24 TrustoeBxkground & Skm5 as at the slart of)J24. The thirol ts Trus( knin Iws a tr) tt#nft￿n1ty &Ch￿￿rSh1p and man4etn Is Char ol the Tntsi cl the Vlorthw Crn Lrf C￿nn￿licat¥s, and w&4 Chir of the Bwd of East Er#1 Homes, Tijw Hatthts, lryst 1￿JhYd Sq)tar&¥ 2024. was Cllld ExegJb¥ of Slep¥w Qty Fm Wttth Gd￿ Fm Ch￿￿ Ihe SW. Reportlng sInK￿yo Ind￿111￿ and kninlng ol ￿￿InL￿OI updates isswj by the tharity CC4rttni￿. At r• cl tru arpj dthafK￿ of iilerests ry o)nffth ShO￿j duties by sthg inde[￿1 exwl the cm SF matkn. TnLses wve seJvd th￿￿Idua S￿S and experi￿¢8 theycryld brirwJ tthebc•d Dl c1derkJC￿￿o3etsC￿ay1 andowbves. As 7Aith all d￿lIeS we Inl￿1. and kwkes e ' Aith Mig. frfyn the yidi Registe￿1 Compw nw 09197223 •kl Wsl 1160812 2 Nwal Terrxe E121PR

SHEERNE&S DOCKYARD PRESERVATION TRUST REPORT OF THE TRUSTEES TThsteos K J (Chan￿) A BJThe {V￿echarnw1 W M Pallli Iwign&J Jw 20241 J E 8ak¥ (freawrtsl C D Foulds Iwrnd Jw AWOe Jwet M 8rw) A K De kknubray{reW S Taykn E J Bamwd Comp•ny 8Krnlwy JE8 STATEMENT 0FTRuST￿ REspowiurEs The tr￿tee8 lfio we also thethtttugof Sh8rn C¥xywd Fbs•vth T￿t￿￿tr purposttolcanpsny lawl rewthL8 for prewiNJ ts Rewt d th• TNees the Slatern￿lS fft a)))rfance akylKabte law 2nd Ccryany regjim the Inses b) prnpwe Invttia eath fmwKaal gr%p a aThJ far vivw 01th8 Stth olaffalrs 01th8 LArfth c(ffiP￿ cltst¢£thr#J rewces and ofr%r¢8s, Inclthlthg th8 Icom and ewdibJTe. ol ts th•itstrA& ¢Jwy that P￿￿j. In finapthl slatthnl￿ts, the trLL4tees ore Io . slsultatrAe •))xnOw (#knaKI then . the meththls CY• S(Tr. ¢ryy rthIn￿in The tyustees are re5porNbie fc( keww r￿d5 ths(kne7hith rea￿atyA awracy al any time the pO￿ti￿ of the (t4e cthYpa)y thqn b thro ttbat the sktThts fAJnply wlth the cAJmp￿ie$kI 20C6. They￿ atso rewsile fty saWir¥J the assets of tsth18t4e(Jynpwyand hence f th Xloras ts tyus u• . there i% Th) rdeVant￿lI knlCffi)K￿ are unalrdtts; aThJ . the twses lakn al s that b) m*e thwn8th of any 1ftfmti￿ and to e5tstlsh that the ahaibjs arè d ttwt wibmwtion. oNYd by orderol the Lwd ￿tr￿le￿on 31 ¥￿￿1 b&bail John Baker nB

SHEERNESS DOCKYARD PRLSERVATION TRu&r REPORT OF THE IN ER TO THETRUST NT EERNESS DOCKYARD ded 31 DKeth2024. Thls reF#)I b maje to the bitstees. as a ttty. 7hilh th8 Iwrrs of rny er¥3￿￿L has been undertaken so that I MWI cany out an E¥anNth of ts ffin•¥ial slatw)Mts in •xe￿o wilh t￿ getwal bytrChJlty rJYmll￿. To thehtlestextenlpwnllbj byla. l th) to anY￿e otrw than the and ts thantls I1￿lee$ asabc IL¥ Ihi% R•sp￿s￿b￿lIlI and bMl¥ olrwt &'nce the grc¢s inc£￿ £250.(rfiO ￿￿ra¥￿[r￿ b8 a ￿￿tsel ofa tojy I5bJ In seGOon 145 of the L I ¢￿￿mI that l am k) uTrlert• the trf•Ae l fA thg knthluie ol Chartw Accwntants th Ery1¥￿ & Wths, tKJ(li88. AglhthtylnAescltrPCC, ii•xarth(￿ ts NuIren￿nIS ofthe Chpffjbes kl 2011 rts irf). I rw th rosp# rl my eyknmlnth dthe PCCS ￿￿Jhtsclths£vjI wthsth145 cl• 2011 Aramd 1445Mbl ¢ltsArt examkndrm ghkng m8caBeto belm that ui any mawl 1gsp¥ mtri rwds venclktytln PCC as ty S•￿1￿101￿ * ( Keilh Raffan FCA Raffan ar*J (>Jthng Ltsl 17 SI￿rs Gardens Covenl G￿den Londcffl, Y￿￿ 9AT

FOR THE DED 31.1224 31.1123 FuNts INCOMEAND ENDlY￿NTs FIKII DOnatiOr￿ 265,517 541, EXPENWURECW Ra￿ng ftllKts 9.447 Chadtsblo admdos Dc¢ky¥d PreseThatit 9),381 gJ,381 1,296, 54,$53 215,136 17475231 Tr•nifors betmon fun 15 54553 215,136 (747,5231 RECONCIUATION OF FUNDS Tola l￿dS bruJghlloThv•d 45W I￿,592 1.366,4rd 1111995

SHEER ATI(IN WA 31.1124 31.1123 FIXED ASSErs Tangit4e Heritage assets 10 11 68.210 68.210 89.477 7.748 997,749 1,038,116 CURREKfASSErs 12 18.167 73.860 76,359 101.682 648a1 824,725 CREDffORS 13 {1250) 18,6191 1496,Y)91 NEfcuRRENT ASSETS I￿.433 1535,728 1,836,161 1.366A72 NEf ASSErs FUNDS Unreslrthl lunth 15 1￿.433 TOTAL FIRIDS 31 Crlobtt 2fo5ar#J ere John Baker iis?.Isz Jhn8

EERNESS DOC D PRESERVA ONTRU CASH FLOW AT EAR ENOED 31 DECEMBER 2024 31.12.24 31.1123 Cash ftOWA from oPwa￿nI actfvlll C&h genetatsd fromqjwalicffls 74 Netcash proMded by Oréralng acbbitss C•ih fiMfr¢m Invmtlng haseoftanglble fix￿ wets Pu￿h&se01 herftsge assets Interost￿vth 11,320.4501 Nel cash u8ed kn InNY8Ong Change In cuh and cmh equlvd•nl¥ In th• reporunq porlod Cath and ca•h equlv41onts alth• blglnnlng oftho r•PO￿Ag perfod 1173,9451 1418,4301 Cath andrA•h oqulvthnts atth••nd ol the reporlng perlod The notssfcym pwlolth88effr*andal stat&n￿ts Page 9

IIOTESTOThE FOR THEYE4R ENDED 31.1124 31.1223 N4t Incomèlorthe pwlod Flnandal AclfvldMI lustm•nts (or. 1747A231 40,SS7 11,(111) 21,099 InteresIrK￿j ImpdM￿l0f1*&1gets 1,147.143 IALYSIS(F CHM4GESIN NEf FUNré At 1.124 CashtrMT At31.12.24 Ca9h P•3e10

EERN IIOTESTOTHE FINAKIALSTATEMWS.contlnwd FOR THEYEAR DED 2024 TtTNsteesaththetrwre¥￿th￿tykn￿ll￿ #￿t￿8¢￿r￿￿yk• 8CttyntirKJ I￿￿￿thatc0ffl￿y ith the reWiren￿ts d the c￿ Ac( gi a true of of afflrs d the ¢xryany a al ts effjd ol the >w. these fin•wl slattywts prepar&J in arKOTdan stsnts hrntoen prep8r•g li •x¢ythO￿th1 Fkn•Kaal Reportr4 StBndwd IFRS102) 8r and Rewbw Ch•ibes.' Slatwtht crf Prxtice to ctsrftsble entities epaArvJthtyrMnts in xC(¥daKet￿ Sknthd102.Tr thc(ThtibJtssa￿tIk Benefit Enty as th ty FRS 101 ItX4￿ ¢ertan imgatlarvah. The￿￿)1 stsknts arÈwepar&l tJKhis thefiJnCb￿d ¢urr of the chaity. The siwknlxcoJnty tswyatrJicltrmelhiwK7alsta6rntsar•8et￿lbeI￿. Th6s8 crf1lc￿ acc0untlnq1udgrrfnw￿ ind kry ￿ure# do•tlmth uncortdnty In I￿ aw)I￿akn of#¢haW$ Fthes, tstrustse$ 8rewiMrwJ lomAhtyrthts, #lmatss t)Jns•lwed bj te relwart Acbjl re9Jlts nw ¢fvrfrorn esl'ms. e reojgnw in the lli thh tr 15 rthised vtse the reli5￿ ￿Y that perbj, or h the AJI ingjrw SlateffthlalFtrwthl enfjlThntl) Ih furth. 6t18 prObab￿tr￿1 the will be recthj ts8wjnt￿ te rdth. Eyndhur• t0thatexFd)thj￿, ftLs probat4e thala m8fer0l￿￿th1c bwffts llbe Ty¥ed ￿ sellem￿tand the ar￿lj￿1 ol the cajftgati￿ &gn to rneasur&J rdw. is 8£(*￿n￿j k¥ on an ￿81$ b&gs th has bep P4e11

HEERNESSOOCKYARD PRESERV NOTESTO THE FINA TAT NTS. contlnued EMBE DEO ACCOLIMTING POUCES.conllnu•d TangIbh￿Qd I￿reCIa￿onI5 providwj atthefdlowing annual rates In sxderto%thte off eath asset Mltseslmaled uselul nre. anland fflathinwy Flxtures and ffltiNJ$ compulerqulpn￿t 25% on rnst 25% on oxt . 33% on t￿t H•rflAge a•Mts tage a5¥ets are￿￿j at¢osl, netofdopreXla￿ and any for1mpth￿L The herftag8 asset has Pr￿0th t4en under ¢on9trth, wltrb rA)nIn￿l￿ C4)m￿8￿ng In J￿ 2023, Th9 tyjllolng was trwhtin b use In Juty 2023 from whl¢h polnldowKa8tifm shothd owy. The herftage asset wa5 in115dty dcnated to the Tru$l and re¢cqnlwJ at £1. Regloratkffl c(ts 8re ¢apltalW and then hnpthd sothatthe asset Ishdd at its esOmabJ F#)sl restoralion Wdlue. In 2020 the thartty ￿re the Sheemess Oc¢kyaTd Il&Jel by EnglS$h Herttsge, thich 68 belie￿￿ to ha¥ ¢I9Sndly prtyjuced by John Rffinlg as p8rt of the Oockyards expanslon woths vthl¢h teg8n on 23rd Ewwnber1813. As inlorrnation on the c051 orvlualon of w8lcannol b8 obtaned ala cost comMe￿ra￿ lth the ben•fft to tho ￿er$ ol these acC￿nts, In accudanc4 ￿1h the Charfles SORP, this wei h not rwnlsed ￿thIn the tharitys a8$8ts. Jo to theeonlderable o)nserv8lbn daftdt In thè Church prw thecosts Incuffed on the prlwer• p￿OUSty Impared ￿ a strai9hl lino bas1$ at a rth 0187% rwnlsJ fv valueoflhe bulldlng a 88mdl % cl the totd prdeclcost Re$t¢rnOM ¢osls are then ¢8pltalsed and then Im￿red so thalthe a5881 1$ hdd bt Its ￿tirnated post resbx8tton value. The Church Bullthng vluatton wa$ 4$8098ed by C&xtons Chartwed &JMyLYs kn May 2018, The ¢o$l ￿ Ihe pro1￿¢ actiity was lully re¢conlsd In 2023 the ¢Jpenthg ol th• bulkltng, resullng In thè eApltllsation ol Ihe asset and Ihe lntr0lu¢ts￿ of deprtt4alon on a fity year basls of uBeful li18 ol a55eL The feciynised doPf8ciati¢n in 2024 was £19,100, rwulttn9 In rei8Sned wdelvahje of£929,539 on th•b8￿r￿9 theeL T•MUon The chBrfty Isexemptfrom¢orporadon taxeffj Its charftabie Fund ac¢ounUng Unre8lrfcbJ fundscan be uwj Ina¢¢￿￿ant￿w)th Ih8rtbaAtabl&obves alth8 dl8crolonoftho tsust88 Restii¢ted fund$ ¢an only be used lu parbuilar resiricted wrposes within the oble¢ts ol th&Ch￿ty. RestrKttons ise when swfwJ by the dcfflororAth8n funds are rdsed farparti￿larreSIriCkn1 PWFoses. Furthar•Wanalion oftha naturo and puwofeilund18lnduded kn the no to theilD8nTr81 $tstmnl& Page 12

NOTESTOTIE 31.1124 31.1123 IL17 31.1124 31.1223 11417 NG FUNDS 31.1124 31.1223 447 tsi Pap 13

SHEERNESS DOC HE F114ANCIAL STATEMENTS. contlnued FOR THE YEAR EN ED 31 DECEM NEf INCOM8(EXP&4DITURE) NetlThxfflWlexFthliture) siaied after￿￿￿￿tt￿bThj1.. 31.1224 31.12.Z3 Auditus, renwneratic Dewe¢ialon.owned asts 1.487 5,663 TRUSTEES, REMUNWTION AND 8￿FITs There we notty$t' remnpJatM orOthWb￿fils1oT the Year￿thd 31 De¢emt•2024 norfor tr* y Trusiw. &XPthBOB L￿rAig Ihe year ended 31 December 2024, no trustees rdmbwwj expww {2023.' (￿e trustee VdS rn￿[$ed •ywof£4331 as f￿10￿:. K Mwre- Launth Event COMPARATIVES FOR THESTATEMEiifoFFINANCL4LACTIVTfiES fvnd INCOMEAIID ENDOWMENTSFROM Ctfflations and bJaaes 541,313 541,940 I1￿5￿￿1 irKc¢ne 19.418 19,418 EXPENDITURE ON RaI￿￿J￿n￿ 9.447 9,447 CharltableactsSAlle D￿ky￿ Preservatir 8.305 1,288,831 1,296,936 NEf INC¢MIEIIEXPENDifuRE) 9,7¥2 (757,3151 (747,5231 Page14 oJntinu&l..

HE TESTO THE FINANCIAL STATEMENTS. conllnuod OR THE YEAR COMPARATIVES FOR The STATEMENT OF FINIJICIALACTMTIES.¢onllnued Unreslri(tsJ Reslri¢bJ Total Thj lunds Translas lunds RECONCILLATION OF FUNDS Totsl knds broughltopKd 36,9 1077,007 2,113,995 TOTPL FUNDSCARRIED FORWARD 10. TAJIGIBLE FIXEO ISSETS anland machSnery and flttlng$ Computer ulp)ient Al 1 Decwnber 2024 13,860 87,077 3,272 104,209 At31 D&?mber2024 DEPRECIATION At1 DK¢mbw2024 Charge k)ryear At31 D8¢4mber 2024 NEf 800KVALUE Al 31 Decwnber X)24 Al 31 Decenknr 2023 11. HERITAGE ASSErs 14RKEfvALUE At1 January2024 InV•Thr￿Trts Al 31 De¢¢rrthr 2024 FROM￿Ns ch￿ge forypar Paue15

S TOTrE F]NAI￿lAL STATEM&4TS. ¢￿tinued FOR THE YEAR 11. At 31 Al 31 X)23 NEf BOOK V￿VE herie byts dwitry freeldl d Ihe Dcty land, wa5 agftto the in 2016 is 7raxl &c(yJrts &£112023: £11 •J ts Rsbywj trAhfjr#J. Ythed as tdjw. Purcha88s ch￿tr bylnr• 417 Totslcharyelor 1147143 417 Nrt£hange in wets tknkyard Cthurth FrethcJ thxkyard awrth I73.￿ ￿.1￿1 283.487 37, Totsl net(knq8 In aMaftwdep￿Ikn {19.1(#4 166.w W190 283.487 37,ffi5 Pwp16

SHEERNESS DOCKYWPRESERVATIONTRUST NOTES TO THE FINANCIALSTATEMENTS. contlnued RTH OED 11 DEBTORS: AMOUNTS FALUNG DUEWITHIN OIIEYEAR 31.1124 31.12.23 Otherdebb)Ts VAT 18,467 15,731 53 1& CREDITORS: AMOIthNTS FALLV4G ouewffHIN ONE YEAR 31.12.24 31.1123 Trade cTrJKc Other GTErfItOf5 Ac¢Nals andd￿eTh￿ v￿Me 8,619 9.377 285,517 221 14 SECURED DEBTS The tharity ￿￿ved grant funding from the Nalicffld Heritsge Mwnorid Fund, more ccffimnly known as Nationa Heritage Lottery Fu￿, tryrtds the refu￿lshmentOf￿eEkneemesS ￿kyard Churth. As partoflhegrant agren￿l, tharity 8gr¢ed to a number of conditions ilh rellards to how the fuThJing shal b8 spent and on sune ofthe uses ofthe Ctw Church wn the olthe resbratscffl ths. The National Heritage V￿rnc￿al Fund hdd afixgj tharge over the Sheeme55 tk)ckyard Church. whiL ilholds as urity $￿Id any sums b￿)Ille paydtle to thwn arising Irom a breach ofthe trn and conditsw olthe grant l￿d1ftg. 1& MOVEMENT IN FUNDS Net Trans Al 31.1224 At1.124 In bjnts fijnds UnreStric￿fUfids Gen￿ (und 54553 IIXI,433 Rtstrlct￿ lundi RestrJrationofShe8mes6Dockrdrd Churth Art$￿ 1,028,116 29,876 239,314 115,5001 18,678} 253,920 1,521.352 14,376 inkna[￿e Fund 21 1 S35 728 TOTAL FUNDS Page17

SHEERNESS DOCKYARD PRESERVATIONTILIST TESTO THE FINANCIALSTATEMENTS.eontlrtu FOR EYEAR 8IIED 31 DECal8ER 2024 1& MOVEIIEMT IN FUNDS. ¢￿th￿ Netn1)vfy￿In irKJthl unr•thCt￿fvndl era knvj 59,841 15288) R••trfct•J ￿nd¥ 2￿,517 126JJl 115.5C(Il 239.314 115.5txii TOTAL FUNDS 331,191 55.W 269,689 1.1.23 31.12.23 UnrMtslct•d lun 1.999.541 717.gJ5 (35,6131 {8.6781 1118rn 53.9201 1,028,118 29,876 12,8ri m￿1en￿Al Fund TOTL FUNDS P4e 18

SHEERNESS DOCKYARD ATIO NOTES TOTHE F EME DECEMBE REND 20 1& MOVEMENT IN FUNDS. c(rfnued CoTrwrthenetmovemenltn fvnds, Inljd￿ in theabove a￿ &sfdbA%' th￿rnIng R89)w¢6s klovemenl in ￿[￿J6 UnTestrlctedfunth Genera fund C45 110,2511 19,7941 Rmtrfcted fundi Resloration of Sheeme&sOod(yard Chl 531,122 10,0)) 11,248,81n 11,322) 13S,614} 12 1717,5051 18,6781 35,6131 Arts lund Swth Borough thndlfvrKI TOTAL FUNDS The Th￿re￿d purwofo8th rosbfctsd lundls a8 101b￿. Rutoratton of Shmrnom Dockyard ChuKh The charfty has r￿e￿Id fvnds Irom nume￿$ lundlng tojles and Indi￿d￿lIs, are reslrfcied to the cc4ts of the restoration woths ol the Etheeffess Dxtyard Church. Upon COrn￿.0n of the restOTation, the buildlrq Is restrfctsd foru&e todevelop a'Sheemes5 Enknprfse C4ntr&' and forlhe resloraith pro1￿110 deliv8ra pwramme of hehtsgg Including sit&b8sed 8PPTenlceShipsltr￿neeshlps, ¥r4unte8r trdnlng, guth lours, rces Icq 8cIKds, arKI woleS￿l￿al sharfngtherftsge careers awarfj)ess events. Art• Fund Fundwig from them FuThl Is rgstrkted kn LTh8eM, rfrslte and Inteyet tho Sheem8$9 IIKthI. Ful￿ng rttdv&J frorn thg Queenboruuth Fishery Trust to be u4eJJ &Y￿rdS the IIACE lumiknrn tnslalled wlthln th• cafè and C￿thing ere Sw•lo Borough Councll Fund Funthng r8c¢i%vJ from Swele BLYough cou￿1 to supportthe charfty5 sheeM￿ Cbyard prdK Pag819

SHEERNESS DOCKYARD PRE ON TESTO THE FINANCIAL STATEMENTS. contlnu FOR THE DED 31 DECEMBER 20 16. RELATED PARTYDISCLOSURES In 2024 therewere ￿ rdated party transacti￿. thcluthrttj &￿a&C￿s, enbbes thalthe tDJStee&we vcl¥&J irL DJrtng thg year ￿ded 31 De¢ernbeT 2023, the tharitabk ￿TrY ￿e]￿d a grant of £10,01)O frun aJ￿enboTOUgh Fisheries, a tn￿t in wh￿h A De Moubray, who was al thatpoinl a Trustee ¢fthe 0￿yard TNSL IYd5 also a trustee. Seenots 8kwdeknlsoftran$ti￿s Irusiee5. Pag8 20

FOR THE DEO 31 DECE￿ 2024 31.1124 31.1123 Grants 265517 ￿Ll3 265.677 541yO 11417 Totsl InGL¥Mg 325,358 1,358 Ral8lng dortatlmwMItsyo 9,447 Charitabl•*thTitro9 Insuran LW( heal I1￿￿1￿j Corwjttants 5.420 {14,386) YI.709 28,219 13,551 31103 13,385 6.324 GTI)unds& 1147143 11721 1,248,¥21 Entthuwj 471 Supportcosts ndries 13 P¥21

DEfAILEDSTATrIENT FOR THE YEAR DIDED31 DEC￿ 2024 31.1124 31.1223 BrO￿htfCTh￿d Bank dwyes 1ird 1772 17.415 104 1,617 11215 Fix•Jres th fftbrrf Heril>Jeasset2 IT elp￿seS 1831 5.7 N8t I￿)￿￿1 l•ywdlttnl