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 c*arfty 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 CtK*yardPreseNaticffl Truslwasfrwnded In 2014 to¢ampagntrth&preSeNabonoftshlstork￿Itd1MJs
in and around Ihe formerRoya NavaE Ct(*yard al Sheeffl￿.
The S￿MeSs Ocd(yard PreservaioThTrust h&8tsDstr*gi¢ ai
.To pres￿¥8 f(f Ihe benefilofthe F*e 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¢y*y￿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 en*lSe￿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• Hwit*Je 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 ctsY*kn 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 bstr*i 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 Feasl*tho
on a¥h￿l￿5 ￿ d* in n*tTht M￿m5. Thesm (rf ge¢we￿ n￿db￿ display
cases ofdiffwentsizes they deyj WAf f*ricatgJ, 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
t*x*y8rd ￿￿r(*L
Fundraising ¥liviti
rrentyeW&irtrJ the po*nli*of¥th ￿Dd￿rrfjW0a1Jrtslo9ip[￿the ￿￿j￿ng * as>Jual*Jcperation5 offuttxe
hllpsJlsdpLug.

SHEERNE&S DOCKYARD PRESERVATION TRUST
FINANCL4LRe¥qEW
Fln8ndal wlbon
As the mwn o)nstru¢tkffj pha8e oltr* DcKkyard Chuth R*alon 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 K*nc¢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 m*tsng ¢)ne thlrd olthe trustees Thw51retire, with Ihose kngesl in ofke relmro first arK1 Ihe thole•
behveen any ol equd Servi￿ bing m*J¢ 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 W*ttth G*d￿ 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. TnLs*es wve seJv*d th￿￿Idua S*￿S and
experi￿¢8 theycryld brirwJ t*thebc•d Dl c1derkJ*C￿￿o3etsC*￿ay1 andowbves.
As 7Aith all d￿lIeS we Inl￿1. and kwkes *e ' *Aith M*ig. frfyn the yidi
Registe￿1 Compw nw
09197223 •kl W*sl
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 l*fio we also thethtttugof Sh8rn C¥x*ywd Fbs•vth T￿t￿￿tr* purposttolcanpsny lawl
rewthL8 for prewiNJ ts Rewt d th• TN*ees the Slatern￿lS fft a)))rfance akylKabte law 2nd
Ccryany regjim the Ins*es b) prnpwe Invttia eath fmwKaal gr%p a aThJ far vivw
01th8 Stth olaffalrs 01th8 L*Arfth 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
. s*lsultatrAe •))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 tsth*18t4e(Jynpwyand hence f
th X*loras ts tyus* u•
. there i% Th) rdeVant￿lI knlCffi)*K￿ are unalrdtts; aThJ
. the tws*es 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
bytr*ChJlty 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.
AglhthtylnA*escltr*PCC, 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
Tt*TNsteesathth*etrwre¥*￿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
¢x*ryany a al ts effjd ol the >w. these fin•wl slattywts prepar&J in arKOTdan
sts*nts 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* th*c(ThtibJtssa￿tIk
Benefit Enty as th ty FRS 101
ItX4￿ ¢ertan i*mgatlarvah*. 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 lom*Ahtyrthts, #lmatss
t)Jns•lwed bj te relwart Acbjl re9Jlts nw ¢*fvrfrorn esl'm*s.
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 bw*ffts *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$8ts.
Jo to theeonlderable o)nserv8lbn daftdt In thè Church prw thecosts Incuffed on the pr*lwer•
p￿OUSty Impared ￿ a strai9hl lino bas1$ at a rth 0187% rwnls*J 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￿¢ acti*ity 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&ob*ves 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 puwofe*ilund18lnduded 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 as*ts
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
heri*e 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
Frethc*J
thxkyard awrth
I73.￿ ￿.1￿1 283.487 37,
Totsl net(knq8 In
aM*aftwdep￿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
agre*n￿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 irK*Jthl
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
TOT*L FUNDS
P4e 18

SHEERNESS DOCKYARD
ATIO
NOTES TOTHE F
EME
DECEMBE
REND
20
1& MOVEMENT IN FUNDS. c(rfnued
CoTrwrthenetmovemenltn fvnds, Inl*jd￿ 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￿ Cb*yard 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