UKAHT IMPACT REPORT 2024-25 | **1 IMPACT REPORT 2024-25**
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## **IMPACT REPORT 2024-25**
## **RESCUING HERITAGE AT RISK**
## **UK Antarctic Heritage Trust**
High Cross, Madingley Road, Cambridge CB3 0ET, UK
+44 (0) 1223 355049 info@ukaht.org | www.ukaht.org
Registered charity (no. 1160847) and company limited by guarantee (no. 09423663).
Cover image: Approaching Blaiklock Island Refuge Design: marciebower.co.uk Images © UKAHT / Michael Duff, Alan Carroll, Margaret Rothera, National Geographic / Disney, @hesterphoto, World Monuments Fund, Sara Jenner/Oceanwide Expeditions.
UKAHT IMPACT REPORT 2024-25 | **1**
**CONTENTS WELCOME** 2–3 **THE YEAR IN HIGHLIGHTS** 4–5 **THE YEAR IN IMAGES** 6–7 **01** 8 **02** 9–10 **WHO WE ARE PROTECT 03** 11–15 **04** 16–17 **DISCOVER, FINANCIAL UNDERSTAND OVERVIEW & VALUE THANK YOU** 18–19
**2**
aeriaL view of Base a, Port Lockroy
## **OUR PATRONS**
## **PATRON**
HRH THE PRINCESS ROYAL
## **VICE-PATRONS**
SIR RANULPH FIENNES
DR DAFILA SCOTT
THE HON. ALEXANDRA SHACKLETON
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Patron HrH Princess
anne at Port Lockroy
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UKAHT IMPACT REPORT 2024-25 | **3**
## **WELCOME**
his past year has been one of progress, resilience and ambition for the United Kingdom Antarctic Heritage Trust. We have made **T** significant headway in our mission to safeguard Antarctica’s rare heritage and share its stories with audiences worldwide, despite the inherent challenges of operating in one of the most remote and unpredictable environments on Earth.
Our conservation programme delivered major successes. At historic Port Lockroy, we completed essential structural repairs and investigations to the main building, Bransfield House, and reopened the museum following the previous season’s avian influenza restrictions. Lessons learned during the avian flu threat strengthened our approach, making this year a successful return to full operations of welcoming visitors, operating the post office and continuing the wildlife monitoring under rigorous biosecurity protocols.
We completed the conservation of Blaiklock, a rare sledging refuge built in 1957, and one of the most inaccessible. This complex project involved stabilising the structure, repairing its fabric and cataloguing and securing its artefacts. Thanks to our field team and generous supporters, Blaiklock now stands secure against the changing Antarctic climate. This achievement was more than a rescue mission - it is a model for protecting vulnerable heritage sites under increasingly challenging conditions.
We also fulfilled our wider commitment to heritage in Antarctica by developing a 10-year strategy with the Foreign, Commonwealth and Development Office (FCDO), creating a framework for safeguarding British heritage across the continent. We also advanced plans for Shackleton’s shipwreck Endurance to become an Antarctic Specially Protected Area. In addition, our team assessed climate risks at multiple sites using cutting-edge technologies and swiftly restored historic buildings at Whalers Bay, Deception Island following vandalism.
Our immersive virtual reality tour brought Antarctica to schools and museums across the UK, British Science Week engaged thousands of young people and our podcast and webinar series connected global audiences with Antarctic science and history. Creative partnerships, including Julia Donaldson’s Jonty Gentoo children’s book, introduced Antarctic stories to a younger audience. Our programmes are enabling more people to explore and connect with this extraordinary place and its future protection.
## **LOOKING AHEAD…**
The year ahead also marks an exciting new chapter. We will shape the next 25 years by creating a masterplan for Antarctic heritage conservation, setting a bold course to protect this fragile legacy in a changing climate. Our outreach will grow, taking immersive virtual reality to new audiences and forging partnerships with organisations like the British Exploring Society to inspire young people nationwide. In conservation, we begin an ambitious three-year programme at Port Lockroy – from roof to foundations – with our expert team working to secure this iconic site for the future, ensuring it withstands the rigours of climate change.
None of this would have been possible without you – our donors, partners, members and friends. Your help enables us to proactively conserve Antarctica’s special places.
On behalf of us all, thank you for your ongoing support. Antarctica matters and together, we can help protect it.
**Camilla Nichol** Chief Executive
**Kim Crosbie** Chair of the Trustees
Beyond conservation, we expanded our impact through storytelling and education.
**4**
## **THE YEAR IN HIGHLIGHTS THANKS TO YOU**
**88,000 PEOPLE EXPLORED ANTARCTICA FROM HOME**
**ENDURANCE POLICIES DEVELOPED**
**recommending an Antarctic Specially Protected Area to secure the wreck’s protection**
**through our Antarctica In Sight programme of community events, talks, podcasts and live webinars**
**RISK OF CLIMATE CHANGE ASSESSED** @ **at fve historic sites through on-site feld work**
**100[+] PARTNERS COLLABORATED** ES **on operational, creative and**
**educational projects**
## **£715 0 ,**
UKAHT IMPACT REPORT 2024-25 | **5**
## **INTERNATIONAL COVERAGE COLLABORATION IN THE YEAR on responsible tourism and included BBC Breakfast, conservation national broadcast, print continued and media around the world** ~~a~~ s ~~ey~~
**on responsible tourism and conservation continued**
**ADVOCACY & EXPERTISE PROVIDED PROTECTION**
**to Antarctica’s special sites and landscapes**
**CHILDREN & FAMILIES**
## **BLAIKLOCK HUT RESCUED**
**downloaded our tabletop glacier activity for British Science Week**
**securing a rare sledging refuge from loss**
**HERITAGE VIRTUAL REALITY WENT ON TOUR**
## **GRAFFITI CAREFULLY REMOVED**
**at the Whalers Bay heritage site after from Hampshire vandalism to Scotland £ RAISED THANKS TO YOU** ~~**[[+]]**~~
## **00** ~~**[[+]]**~~
**our partners, stakeholders, members and donors**
**6**
~~climate risk assessment field work~~
~~Gentoo colony monitored~~
~~new museum interPretation installed~~
~~stripped back: the repair at blaiklock~~
## **THE YEAR IN PICTURES**
—T J Pa Fe ere A - wo—" sy.i” |ealtat | Nea Wt A re - = , g «BE ~~removinG Graffiti vandalism re-feLting BLaikLock island refuGe~~
~~antarctica’s extraordinary ice en route to blaiklock island~~
UKAHT IMPACT REPORT 2024-25 |
**7**
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new artefact conservation
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~~cHarity Patron, HrH Princess anne visits our virtual reality tour~~
~~approachinG blaiklock island refuGe~~
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**8**
## **01 WHO WE ARE**
United Kingdom Antarctic Heritage Trust connects people with the wonder of Antarctica and its remarkable stories of human endeavour. We care for seven designated Historic Sites and Monuments (HSMs), carrying out complex conservation work and advising on Antarctic policy to ensure their long-term protection.
Through our public engagement programmes, we highlight the global importance of Antarctica, helping more people to discover its relevance, understand its history and protect this extraordinary frozen continent that matters to us all.
Collaboration **As iration p** Innovation **Res onsibili p ty** Openness
UKAHT IMPACT REPORT 2024-25 | **9**
In these pages you’ll see examples of what, together, we were able to achieve over the past financial year (May 2024 – April 2025).
## **THANK YOU**
## **02**
## **PROTECT**
## **OUR GOAL:**
repairs to the roof at remote blaiklock
Antarctic heritage sites, artefacts, stories and the historic environment will be preserved into the future.
Preserving Antarctica’s rare and fragile heritage is central to our mission. We take seriously our role as custodians for future generations.
These rare buildings help us to understand the human story of Antarctica. They mark the beginning of the modern era of scientific discovery and international cooperation that defines Antarctica today. Safeguarding these sites, under extreme conditions and in the face of a rapidly changing climate, remains one of our most significant challenges and responsibilities.
**10**
## **NEW HERITAGE STRATEGY DEVELOPED**
UKAHT was commissioned by the UK Government to create a 10-year strategy for the protection of British heritage, ensuring these rare and special sites - from shipwrecks to science bases - are safe for future generations.
## **CLIMATE THREATS ASSESSED**
In early 2025, we, along with consultant Gordon Macdonald gathered climate data at five heritage sites. Using LiDAR, drone photogrammetry and environmental sensors, the project supports UK climate policy and risk assessments for historic wooden structures. It was funded by the European Green Overseas Programme, with transport provided by G Adventures.
## **GREATER PROTECTION FOR ENDURANCE**
Efforts continue to protect Shackleton’s Endurance shipwreck, with plans to designate it an Antarctic Specially Protected Area following the 2024 Treaty meeting in Kochi, extending protection to a 3,000m radius.
## **HISTORIC BUILDINGS RESTORED AFTER GRAFFITI INCIDENT**
In January 2025, we led efforts to remove graffiti vandalism at Whalers Bay, Deception Island, successfully restoring the historic Antarctic site with support from Oceanwide Expeditions, IAATO, the British Antarctic Survey and the FCDO.
## **CARBON LITERACY ACHIEVED**
Everyone at UKAHT completed Carbon Literacy training, gaining awareness of everyday carbon impacts and the skills and motivation to reduce emissions individually, and across the organisation.
## **CASE STUDY: RESCUING BLAIKLOCK ISLAND REFUGE**
Blaiklock Refuge, built in 1957, has long supported Antarctic science. Despite its modest size, it remains one of our most challenging sites to access and conserve. After two failed attempts, UKAHT reached the site in 2022 for emergency repairs and planning. That brief visit revealed urgent conservation needs: torn protective felt, water-damaged panels, hazardous fuel containers, and the need for a full hazard survey and 500-strong artefact inventory. In 2025, we successfully returned to restore the Refuge, marking a major milestone in safeguarding this historic site at the end of the Earth.
Thank you to our Rescue the Refuge and Big Give supporters - your generosity made this vital work possible. We’re also deeply grateful to the British Antarctic Survey, Atlas Expeditions, Quixote and the Ocean Tramp crew, and the New Zealand Antarctic Heritage Trust for their invaluable support.
**“Our 2022 visit revealed an urgent need for conservation. Most of the external felt, which protects the building from water ingress and ice abrasion, had been ripped away. The hardboard wall panels were water damaged and distorted. Fuel needed to be siphoned off and removed from historic containers. Through resilience, teamwork and sheer determination, the field experts completed their task and the building is now secured against the hostile conditions for many years to come”.**
## **Dr Ruth Mullet**
Head of Buildings & Conservation
## > **DRIVING HERITAGE PROTECTION FOR ANTARCTICA**
This year we have strengthened our role contributing to heritage policy for Antarctica. We supported the UK delegation at the Antarctic Treaty Consultative Meeting in Milan, providing expert advice and papers updating on the projects we are leading, including the international working group for climate change risk assessment for Antarctic heritage for the Committee for Environmental Protection. We also shared our expertise through the Scott Polar Research Institute Advisory Board, the South Georgia & South Sandwich Islands Heritage Advisory Panel, the Antarctic Placenames Committee and the International Polar Heritage Committee.
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blaiklock with new felt
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UKAHT IMPACT REPORT 2024-25 | **11**
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blaiklock island from above
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## **03**
## **DISCOVER VALUE UNDERSTAND**
## **OUR GOALS:**
Antarctica and its heritage will be better known and understood
- Inspire more people with the stories and legacy of science, exploration and human endeavour
## People will be inspired to take action for a sustainable future
We know the wonder of Antarctica can captivate people, but for us, it’s about going deeper. We want to help more people truly understand Antarctica – not just as a remote wilderness but as a place of incredible human stories, vital to our planet’s climate, rich in wildlife, history and global importance. By bringing together science, nature, exploration, art, history, and culture, we invite everyone to discover why Antarctica matters to us all.
alan on the ice © alan carroll (historic)
**12**
## **JONTY GENTOO CHARITY PARTNERSHIP**
We became the official charity partner for Jonty Gentoo, the latest book by Julia Donaldson and Axel Scheffler, creators of beloved children’s classics like The Gruffalo, Stick Man, and Zog.
over 20,000 children took part in the schools launch.
## **WILDESTAN ANTARCTICA**
UKAHT partnered with the British Exploring Society to deliver their Wildestan Antarctica, a five-week live educational programme connecting 19 young people across the UK with our Antarctic team at Port Lockroy. Sessions explored wildlife, climate and heritage, concluding with a UK residential.
- 92% participants said “wildestan has helped me see new opportunities or think differently about my future”.
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:
,
port lockroy team with the wildestan flaG
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## **INTERPRETATION REIMAGINED**
We developed new interpretation panels across our museum sites to support visitor learning, featuring powerful first-hand accounts of life on base - the hardships, the humour and the human stories behind the history.
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new interPretation
PaneL at BLaikLock
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## **FREE WEBINARS & PODCASTS**
We delivered a new podcast and webinar series featuring top Antarctic experts in history, science, and policy, reaching thousands of global listeners and viewers eager to explore polar knowledge.
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-
webinars viewed
around the world
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## **ENDURANCE FILM RELEASED**
The Endurance documentary premiered at the London Film Festival on 12 October and was released in UK cinemas on 14 October. The film revealed Shackleton’s ship Endurance in extraordinary 3D detail, captured from 3,000m deep in the Weddell Sea using 25,000 high-resolution images. UKAHT provided the conservation management plan to support the site’s protection.
## **WORLD MONUMENTS FUND COASTAL CONNECTIONS**
Port Lockroy featured in the ‘Coastal Connections’ exhibit at the London Design Biennale, a collaboration between World Monuments Fund and English Heritage. UKAHT showcased Antarctic heritage and joined global discussions on safeguarding coastal sites amid climate change challenges.
## **BRITISH SCIENCE WEEK**
For British Science Week 2025, we created a ‘tabletop glacier’ activity to help children explore glacier behaviour and climate change.
over 61,000 younG people and families downloaded the pack and took part.
r= w
**14**
## **CASE STUDY: VIRTUAL REALITY** ~~—~~ **ACROSS THE UK** ~~—————C~~
In spring 2025, we toured England and Scotland with immersive VR experiences, engaging schools, museums and heritage organisations.
Joined by friends from the New Zealand Antarctic Heritage Trust, highlights included stops at the British Antarctic Survey, the Polar Museum and Discovery Point in Dundee. A standout moment was hosting Her Royal Highness Princess Anne, our charity Patron, at Gilbert White’s House & Gardens, where she explored our Antarctic VR and met pupils from Selborne C of E Primary School. The tour deepened public engagement with polar heritage, sparked future collaborations, and showcased the power of digital storytelling in iconic locations across the UK.
hrh the princess royal visits our vr tour in hampshire
UKAHT IMPACT REPORT 2024-25 115
Oh1ENr
**16**
## **04 FINANCIAL OVERVIEW**
**UKAHT’S WORK IS MAINLY FUNDED BY DONATIONS, INCOME FROM OUR PORT LOCKROY AND ONLINE SHOPS, LEGACIES AND GRANTS FROM CHARITABLE TRUSTS AND PARTNERS.**
## **THE SUPPORT WE RECEIVE**
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42% DONATIONS, LEGACIES 2024-25
MEMBERSHIP, GRANTS, TOTAL SUPPORT
EVENTS & SPONSORSHIPS
£1,645,353 56% TRADING
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2023-24 2% POST OFFICE
2024-25
| |
£900K
£800K
£700K
£600K
£500K
£400K
£300K
£200K
£100K
0 TRADING POST OFFICE GRANTS DONATIONS, LEGACIES, INVESTMENTS
SPONSORSHIP,
MEMBERSHIP & EVENTS
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**UKAHT IMPACT REPORT 2024-25 | 17**
## **NOTES FROM 2024-25**
**Trading:** Trade income grew in the year as a result of investments into online retail and our Antarctic season.
**Grants:** Grant funding from a number of generous supporters enabled us to deliver conservation, biodiversity and public engagement projects.
**Fundraising:** Support from our donors and members increased in the year. We are grateful for the generosity of all those joining us on our journey to protect Antarctica’s special places and deliver educational work. Expenditure in fundraising also decreased from the previous Anniversary year.
**Public programming** : Antarctica In Sight delivered webinars, podcasts, films and digital content with and for new audiences across the world.
**Conservation:** A significant conservation season was delivered in Antarctica, with active work at Port Lockroy and Blaiklock Island.
## **EXPENDITURE**
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20% PUBLIC PROGRAMME
26% PORT LOCKROY
2024-25
EXPENDITURE
£1,689,840
24% PENINSULA CONSERVATION
2023-24 29% TRADING COSTS
1% FUNDRAISING
2024-25
£500K
£450K
£400K
£350K
£300K
£250K
£200K
£150K
£100K
£50K
0 PUBLIC PENINSULA FUNDRAISING TRADING COSTS PORT LOCKROY
PROGRAMME CONSERVATION
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## **THANK YOU**
This year, we welcomed new members and supporters united by a shared passion for Antarctica.
We’re especially grateful to the Foreign, Commonwealth & Development Office, as well as the many organisations, companies, trusts and individuals whose support - through donations, membership, logistical help, fundraising and more - made our work in 2024–25 possible.
> > **WE ARE GRATEFUL TO THE FOLLOWING TRUSTS, PARTNERS AND ORGANISATIONS FOR THEIR SUPPORT IN 2024-25:**
## **PATRON**
HRH The Princess Royal
## **VICE-PATRONS**
Sir Ranulph Fiennes Dr Dafila Scott Hon. Alexandra Shackleton
## **MAJOR PARTNERS**
British Antarctic Survey Foreign, Commonwealth & Development Office
Natural Environment Research Council Government of the British Antarctic Territory
## **CONSERVATION AND PROJECT SUPPORTERS**
Alpkit
Animal Friends Breathe HR
Charles Hayward Foundation Darwin Plus Local Garfield Weston Foundation Genesee Valley Trust Company Green Overseas
Hapag Lloyd The Headley Trust Heritage Compass Highgate School HX Hurtigruten Expeditions Iridium Communications The John and Sally Reeve Charitable Trust
Medlock Charitable Trust The Nineveh Charitable Trust Noble Caledonia Charitable Trust Peli Products
Polar Latitudes Polar Routes
Quark Expeditions
Rocky Brands & Xtratuf footwear The Sir Edward Lewis Foundation Ship to Shore clothing Snugpak sleeping bags The Space & Arts Council England
**AND THOSE WHO WISH TO REMAIN ANONYMOUS**
## **VERY SPECIAL THANKS TO**
**OUR MEMBERS, ADOPTERS AND FRIENDS OF ANTARCTICA**
**ALL THOSE WHO DONATED AND FUNDRAISED TO ENABLE OUR PROJECTS THROUGHOUT THE YEAR**
**OPERATOR FRIENDS AND COLLEAGUES**
UKAHT IMPACT REPORT 2024-25 | 19
771ANl< YOMI
**20**
## **05 FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 30 APRIL 2025**
## **United Kingdom Antarctic Heritage Trust**
(A charitable company limited by guarantee) Registered number: 09423663, Charity number: 1160847
## **Heritage Officer**
## **STAFFING**
Ruth Currell
This year we continued to implement the new staffing structure, adding strength and depth to the team ready to deliver the vision.
**Operations Officer** Rachel Wilkinson
**Trust and Finance Officer** Shelley Halliwell (joined 10 March 2025, left 26 September 2025)
## **Retail**
## **STAFF LIST 2024-25 CAMBRIDGE TEAM**
Roddy Bedford (left 20 December 2024)
**Communications Officer** Peter Watson
**Chief Executive** Camilla Nichol
**Head of Operations** Sophie Montagne
## **PORT LOCKROY SEASONAL TEAM Base Leader**
## **Head of Buildings and Conservation** Dr Ruth Mullett
Lou Hoskin
**Postmaster** George Clarke
**Head of Development** Camilla Johns
**Shop Manager** Dale Ellis
**Head of Finance** Claudine Maya
**Wildlife Monitor** Maggie Coll
## **Head of Communications and Marketing** Sarah Blythe
**General Assistant** Lisa Ford
**Museum Manager** Aoife McKenna
**Head of Programming and Engagement** Helen Langwick (joined 1 October 2025)
## **CONSERVATION TEAM**
**Artefact Conservator** Lizzie Meek (NZAHT)
**Field Operations Manager** Andrew Jones (left 30 November 2024)
**Conservation Carpenters** Jim Brearley-Ratcliffe Graham Gillie Dale Perrin
**Development and Content Officer** Heather Barrable
**Videography / Photography** Michael Duff
## **BOARD OF TRUSTEES**
The Trust is governed by a Board of trustees. The Articles allow for up to twelve trustees with a minimum number of six. New trustees are appointed by a resolution of the trustees. This year there were twelve serving trustees (listed below) including six newly appointed trustees and two departures, including our longest serving trustee and chair. Trustees shall serve for a period of four years from the date of the meeting at which they were appointed. At the end of their term of office they will be eligible for re-election for a further fouryear term (up to a maximum of three consecutive terms) by majority decision of the remaining Trustees. If a Trustee has served three consecutive terms, they must retire from office at the end of their third term and will only be eligible for re-election if at least one year has elapsed since their retirement.
Trustees normally meet four times per year and there may be occasions for committees to meet in between under the direction of the Board to consider specific matters and then report back to the full Board.
**The Trustees met formally four times this year:** 24 July 2024, 24 October 2024, 29 November 2024, and 05 February 2025.
**The Finance Committee met six times:** 27 June 2024, 25 September 2024, 13 December 2024, 14 January 2025, 12 February 2025, and 11 March 2025.
## **The Audience and Development**
**Committee met twice:**
21 November 2024, 10 March 2025..
## **The Performance and Risk Committee met twice:**
22 October 2024, 08 January 2025.
**The Operations Committee met once:** 09 September 2024
During the full Board meetings, the Trustees agree the policies and broad strategy and priorities for activity for the Trust, monitor and review investments, reserves and risk management policies and examine overall performance of the Trust. The day to day management of the charity, the implementation of the
UKAHT IMPACT REPORT 2023-24 | **21**
strategy and forward plan is delegated to the Chief Executive.
## **Board of Trustees:**
Jamie Anderson Jane Arthur (Vice Chair) Hugh Broughton Kim Crosbie (Chair from 24 July 2024) Oliver Darke Robert Kidby Mehmuda Mian Sumit Paul-Choudhury John Pye (Chair, resigned 24 July 2024) Clive Sanders Victoria Snowden Claire Warrior Tom Wright
## **Finance Committee**
Jane Arthur Kim Crosbie Mehmuda Mian Victoria Snowden (Hon. Treasurer) Claire Warrior Tom Wright
## **Audience and Development Committee**
Jane Arthur Mehmuda Mian Sumit Paul-Choudhury Clive Sanders (Chair) Claire Warrior
## **Operations Committee**
Jamie Anderson Hugh Broughton Kim Crosbie Oliver Darke (Chair)
## **Performance and Risk Committee**
Oliver Darke Hugh Broughton (Chair) Robert Kidby Mehmuda Mian Victoria Snowden
## **Nominations Committee**
## >> **RESERVES POLICY INVESTMENT POLICY**
We are committed to maximising our investment in our charitable activity. To ensure our resilience in the event of a significant unexpected loss of income the Trustees aspire to keep twelve months’ operating costs and commitments as free reserves to enable:
The Trust aims to invest surplus cash funds to achieve a real, above inflation return in terms of the capital appreciation and residual income. The charity invests these funds for the medium to long term on the best terms available for the period of time for which the funds are available. As at 30 April 2025 the charity held £391,564, managed by Investment Fund Services Limited, an investment management firm. The investment policy is monitored and reviewed by the Finance Committee and Chief Executive on a regular basis, the current policy having been adopted in 2012.
- Fulfilment of our charitable commitments: Peninsula Conservation and Programming
- A season’s operation at Port Lockroy
- Operational costs in Cambridge
The reserves comprise the cash and cash equivalent assets of both the charity and the trading subsidiary, as well as the value of any stock inventory.
## > **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The target value of the reserves required is calculated annually alongside the priorities laid out in our strategic plan. On 30 April 2025, the Trust held reserves of £871, 658 (2024: £872,070) which the Trustees consider to be sufficient to meet the criteria above.
The United Kingdom Antarctic Heritage Trust (UKAHT) is a charitable company limited by guarantee and does not have a share capital. The organisation was originally constituted by a Declaration of Trust made on 28 July 1993 and registered as a charity with the Charity Commission on 17 August 1993. On 11 March 2015, following a governance review and under legal advice, a new charity was established and revised Articles of Association for the charity were signed. The order to transfer the assets and liabilities from the old charity to the new was
Any funds over and above the target are eligible for transfer into designated funds for projects that support our charitable aims and deliver the priorities of our strategic plan.
The Trustees will keep the reserves under constant review during the current year to ensure the long-term sustainability of the charity.
## en route to blaiklock
Jane Arthur (Chair) Robert Kidby Sumit Paul-Choudhury Claire Warrior
**22**
authorised on 28 April 2015. The charity was established under a Memorandum of Association which established its objects and powers and it is governed under its revised Articles of Association. In the event of the charity being dissolved, each member promises to pay up to £10 towards the costs of dissolution. UKAHT also operates a subsidiary trading company, Antarctic Heritage Limited (AHL), which was incorporated on 12 May 2005 under a Memorandum and Articles of Association and is a private company limited by shares. All profits from AHL are gifted to UKAHT each year. UKAHT’s purpose is to advance the education of the public in particular by the preservation and protection of their Antarctic heritage. UKAHT achieves its aims through: the conservation and restoration of six HSMs designated under the Antarctic Treaty; working in partnership to deliver a range of public programmes to inspire people to pursue a lifelong engagement with Antarctica; and providing high quality visitor experiences at the heritage sites on the Antarctic Peninsula, notably the museum and Post Office at Port Lockroy with associated trading activity.
## **PUBLIC BENEFIT**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activity. The Memorandum of Association states that the aim of the charity is to ‘advance the education of the public by the preservation and protection of their Antarctic heritage’.
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field team at blaiklock
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## > **RISK MANAGEMENT** ) **REFERENCE AND** The Trustees have a duty to identify **ADMINISTRATIVE** and review the risks to which the **DETAILS**
The Trustees have a duty to identify and review the risks to which the charity may be exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A comprehensive risk management policy and associated risk register and management procedures and documents enable the organisation to identify, assess and manage all potential risks and their potential impacts and controls. These are reviewed on an ongoing basis and inform how the organisation will deliver its objectives.
## **Patron**
HRH The Princess Royal
**Vice-patrons** Sir Ranulph Fiennes Dr Dafila Scott The Hon. Alexandra Shackleton
**Chair of the Board of Trustees** Kim Crosbie
## **Chief Executive**
Camilla Nichol
## **Registered Office**
High Cross, Madingley Road
Cambridge, CB3 0ET
## > **RECRUITMENT OF TRUSTEES**
**Registered Charity Number** 1160847
**Date of Registration** 11 March 2015
The Board is responsible for the process of seeking and evaluating prospective Trustees for appointment, based on an analysis of the skills required. Board vacancies are advertised on the UKAHT website and prospective candidates are invited to submit their CV and the shortlisted candidates are invited to meet existing Board members for an interview and are appointed by a resolution of the Trustees. Upon appointment, new Trustees are given an induction pack which includes full details of their roles and responsibilities, terms and conditions of service and basic information about the Trust and its work. There is usually a followup induction visit and review session arranged with the staff and key Trustees. Follow-up familiarisation sessions in key areas of the Trust’s activities are organised during the first term of their appointment.
**Company Number** 9423663
## **Date of Incorporation**
5 February 2015
**Governing Document** Memorandum of Association 4 February 2015
**Independent Examiners** Chater Allan LLP
**Bankers**
Charities Aid Foundation 25 Kingshill Ave Kingshill, West Malling Kent, ME19 4JQ
## **Solicitors**
Taylor Vinters LLP Merlin Place, Milton Road Cambridge, CB4 0DP
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. On behalf of the Board:
**Kim Crosbie, Chair** Date: 22 October 2025
UKAHT IMPACT REPORT 2024-25 | **23**
## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 APRIL 2025**
I report to the Trustees on my examination of the accounts of the United Kingdom Antarctic Heritage Trust for the year ended 30 April 2025.
## **RESPONSIBILITIES AND BASIS OF REPORT**
## **INDEPENDENT EXAMINER’S STATEMENT**
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
time to relax: weddell seal restinG at blaiklock island
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the ACCA and ICAEW.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Stuart Graham Berriman FCA FCCA**
(Independent Examiner) Date:
Chater Allan LLP Chartered Accountants, 7 Quy Court, Colliers Lane, Stow-cum-Quy, CB25 9AU
**24**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE) ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025**
**----- Start of picture text -----**
Notes Unrestricted Restricted Total 2025 Total 2024
funds funds £ £
£ £
INCOME
Donations and legacies 2 484,301 231,673 715,974 548,867
Other trading activities 3 927,850 - 927,850 815,818
Investment income 4 1,529 - 1,529 2,194
Total 1,413,680 231,673 1,645,353 1,366,879
EXPENDITURE
Costs of generating funds: 5
-
Charity 17,090 17,090 78,170
Subsidiary 922,367 - 922,367 909,164
Charitable activities:
Project costs 6 453,127 268,458 721,585 567,257
Support costs 7 28,612 186 28,798 52,846
Total 1,421,196 268,644 1,689,840 1,607,437
Net (losses)/gains on 13 6,775 - 6,775 36,869
investments
Net income/(expenditure) (741) (36,971) (37,712) (203,689)
- -
Transfers between funds 4,058 (4,058)
Net movement in funds 3,317 (41,029) (37,712) (203,689)
Reconciliation of movement in funds:
Total funds brought forward
Charity 1,307,717 59,546 1,367,263 1,462,793
-
Subsidiary (395,881) (395,881) (287,722)
Total 911,836 59,546 971,382 1,175,071
Total funds carried forward 915,153 18,517 933,670 971,382
Made up of:
Charity funds in group 1,305,490 18,517 1,324,007 1,367,263
balance sheet
-
Funds (deficit)/retained (390,337) (390,337) (395,881)
in the subsidiary
Total 915,153 18,517 933,670 971,382
**----- End of picture text -----**
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities The notes on pages 28 to 37 form part of these financial statements.
UKAHT IMPACT REPORT 2024-25 | **25**
## **CONSOLIDATED BALANCE SHEET AT 30 APRIL 2025**
**----- Start of picture text -----**
Notes 2025 2024
£ £
FIXED ASSETS
Tangible assets 10 19,279 27,238
CURRENT ASSETS
Stocks 185,131 180,310
Debtors 12 168,501 141,313
Investments 13 391,564 384,789
Cash at bank and in hand 313,480 366,517
Total 1,058,676 1,072,929
CURRENT LIABILITIES
Creditors: amounts falling 14 144,285 128,785
due within one year
Net current assets 914,391 944,144
Net assets 933,670 971,382
FUNDS
Unrestricted funds 17
General funds 1,227,856 1,180,083
Designated funds 77,634 127,634
Funds within non-charitable subsidiary (390,337) (395,881)
Restricted funds 17 18,517 59,546
Total 933,670 971,382
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibility for
- a. ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and
- b. preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for
each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees on 23 October 2025 and were signed on its behalf by:
## **Kim Crosbie**
Chair
The notes on pages 28 to 37 form part of these financial statements.
**26**
## **PARENT BALANCE SHEET AT 30 APRIL 2025**
**----- Start of picture text -----**
Notes 2025 2024
£ £
FIXED ASSETS
Tangible assets 10 12,474 15,601
Investments 11 1 1
Total 12,475 15,602
CURRENT ASSETS
Debtors 12 911,746 771,393
Investments 13 391,564 384,789
Cash at bank and in hand 76,140 227,777
Total 1,379,451 1,383,960
CURRENT LIABILITIES
Creditors: amounts falling 14 67,919 32,299
due within one year
Net current assets 1,311,532 1,351,661
Net assets 1,324,007 1,367,263
FUNDS
Unrestricted funds 17
General funds 1,227,856 1,180,083
Designated funds 77,634 127,634
Restricted funds 16 18,517 59,546
Total 1,324,007 1,367,263
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibility for
- a. ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and
financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees on 23 October 2025 and were signed on its behalf by:
## **Kim Crosbie**
Chair
- b. preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each
UKAHT IMPACT REPORT 2024-25 | **27**
## **CONSOLIDATED CASH FLOW STATEMENT AT 30 APRIL 2025**
**----- Start of picture text -----**
Note 2025 2024
£ £
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash used in operating activities a) (49,379) (240,108)
CASH FLOWS FROM INVESTING ACTIVITIES:
**----- End of picture text -----**
|Purchase ofplant and equipment||(5,187)|(13,115)|
|---|---|---|---|
|Dividends and interest from investments||1,529|2,194|
|Net addition/(disposal) of investments||-|3,116|
|**Net cash (used in)/provided by investing activities**||**(3,658)**|**(7,805)**|
|||||
|**Change in cash and cash equivalents in the reporting period**||**(53,037)**|**(247,913)**|
|**Cash and cash equivalents at the beginning of the reporting period**||**366,517**|**614,430**|
|**Cash and cash equivalents at the end of the reporting period**|b)|**313,480**|**366,517**|
|||||
|**Net (expenditure)/income for the reporting period**||**(37,712)**|**(203,689)**|
|Depreciation charges||13,146|10,271|
|Losses/(gains) on investments||(6,775)|(36,869)|
|Dividends, interest and rents from investments||(1,529)|(2,194)|
|Decrease/(increase) in stocks||(4,821)|(93,946)|
|Decrease/(increase) in debtors||(27,188)|48,845|
|(Decrease)/increase in creditors||15,500|37,474|
|**Net cash infow/(used) in operating activities**||**(49,379)**|**(240,108)**|
|Cash at bank and in hand||313,480|366,517|
## **NOTES TO THE STATEMENT OF CASH FLOWS**
a) Reconciliation of net income for the year to net cash flow from operating activities b) Analysis of cash and cash equivalents
The notes on pages 28 to 37 form part of these financial statements.
**28**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
As permitted by Section 408 of the Companies Act 2006, the Income and Expenditure Account of the parent company is not presented as part of the financial statements. The consolidated financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The United Kingdom Antarctic Heritage Trust meets the definition of a public benefit entity under FRS 102.
## **COMPANY STATUS**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## **BASIS OF CONSOLIDATION**
The group financial statements consolidate the financial statements of the charity and its subsidiary undertaking, Antarctic Heritage Limited, at 30 April using acquisition accounting.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **TAXATION**
The charity is exempt from corporation tax on its charitable activities.
## **GOING CONCERN**
The Trustees have undertaken a thorough assessment of the Charity’s financial position and are confident in its capacity to manage operational and strategic risks effectively. They acknowledge the resilience demonstrated by the Trust in responding to the challenges of the Covid-19 pandemic and the outbreak of Avian Influenza in Antarctica. Looking forward, the Trustees remain vigilant to the continuing risks posed by international developments that may impact the Charity’s ability to operate effectively in the Antarctic region.
The Trustees have a reasonable expectation that the Charity’s available financial resources, including anticipated future funding income, will be sufficient to meet its liabilities as they fall due. They continue to uphold a policy of prudent financial management, with an intent to ensure the reserves are maintained at a level sufficient to support operations for a minimum of one full operational year.
The trustees have noted the increase in debt between the trading company and the charity and have initiated measures to restructure costs between the two entities in the forthcoming financial year which will more accurately represent the individual positions of AHL and AHT.
UKAHT IMPACT REPORT 2024-25 | **29**
The Trustees will closely monitor the unfolding season and remain prepared to take responsive decisions to address emerging challenges, ensuring that both the Charity and its trading subsidiary are able to meet their strategic objectives. The Trustees’ commitment to maintaining a sustainable reserve policy underpins their confidence that the Charity remains a going concern.
## **FINANCIAL INSTRUMENTS**
The parent and group only have financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
The charity has designated certain funds for specific purposes. These are explained in more detail in note 17 below. The trustees have decided that setting aside funds in this way is a useful financial discipline which will help the charity to make the best use of its resources even though there is no legal force to these designations.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **INVESTMENTS**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
## **GAINS AND LOSSES**
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised gains and losses are combined in the Statement of Financial Activities.
## **DEBTORS**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **CASH AT BANK AND IN HAND**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **LIABILITIES AND PROVISIONS**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the group anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS**
The group operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
**30**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **2. INCOME FROM DONATIONS AND LEGACIES**
**----- Start of picture text -----**
Unrestricted Restricted Total 2025 Total 2024
funds funds £ £
£ £
Membership received 163,990 - 163,990 150,473
-
Gift aid 6,851 6,851 9,142
Grants 50,000 231,673 281,673 194,164
-
Donations 134,653 134,653 65,090
-
British Antarctic Territory post office 34,385 34,385 30,772
-
Legacies 29,006 29,006 17,248
-
Sponsorship 5,000 5,000 5,000
-
Event income 46,626 46,626 43,815
-
Gifts in kind 13,790 13,790 33,163
Total 484,301 231,673 715,974 548,867
**----- End of picture text -----**
## **3. OTHER TRADING INCOME**
**----- Start of picture text -----**
Unrestricted Restricted Total 2025 Total 2024
funds funds £ £
£ £
-
Subsidiary company turnover 927,850 927,850 815,818
Total 927,850 - 927,850 815,818
**----- End of picture text -----**
## **4. INVESTMENT INCOME**
**----- Start of picture text -----**
Unrestricted Restricted Total 2025 Total 2024
funds funds £ £
£ £
DIVIDENDS AND INTEREST
-
Charity 1,467 1,467 2,192
Subsidiary 62 - 62 2
Total 1,529 - 1,529 2,194
**----- End of picture text -----**
## **5. COST OF GENERATING FUNDS**
**----- Start of picture text -----**
Unrestricted Restricted Total 2025 Total 2024
funds funds £ £
£ £
Fundraising expenditure 17,090 - 17,090 78,170
Antarctic Heritage Ltd:
-
Cost of sales 487,880 487,880 501,321
-
Administration costs 434,487 434,487 407,843
- - - -
Investment managers fees
Total 939,457 - 939,457 987,334
**----- End of picture text -----**
UKAHT IMPACT REPORT 2024-25 | **31**
## **6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
**----- Start of picture text -----**
Unrestricted Restricted Total 2025 Total 2024
funds funds £ £
£ £
Grants awarded 100 - 100 -
Project costs 148,500 246,798 395,298 302,263
Salaries and wages 304,527 21,660 326,187 264,994
Support and governance costs 28,612 186 28,798 52,846
Total 481,739 268,644 750,383 620,103
Activities in the year: Public Peninsula Total 2025 Total 2024
engagement conservation £ £
£ £
Grants awarded 100 - 100 -
Project costs 162,987 232,310 395,298 302,263
Salaries and wages 163,094 163,094 326,187 264,994
Support and governance costs 14,399 14,399 28,798 52,846
Total 340,580 409,803 750,383 620,103
**----- End of picture text -----**
## **7. SUPPORT AND GOVERNANCE COSTS**
**----- Start of picture text -----**
General Governance Total 2025 Total 2024
support £ £ £
£
Trustees meeting expenses - 3,002 3,002 1,778
Bank charges 5,376 - 5,376 6,217
Travel 4,889 - 4,889 19,633
Insurance 1,048 - 1,048 7,780
Postage and stationery 10 - 10 -
-
Membership and subscriptions 1,283 1,283 1,223
Staff training 448 - 448 190
IT and software 458 - 458 -
Independent Examiner’s fees - 5,380 5,380 500
Professional fees - - - 450
Sundries 294 - 294 360
-
Depreciation 6,610 6,610 4,811
- - -
PR and marketing 9,904
Total 20,416 8,382 28,798 52,846
**----- End of picture text -----**
**32**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **8. STAFF COSTS**
|Wages and salaries|**Total 2025**
£
469,677|**Total 2024**
£
380,073|
|---|---|---|
|Social securitycosts|47,970|34,307|
|Pensions
**Total**|27,989
**545,636**
**2025 No.**|23,420
**437,800**
**2024 No.**|
|**The average monthly number of employees**|||
|**during the year was as follows:**|||
|Management and administration|5|5|
|**Number of employees whose total employee**|||
|**benefts are in the following range:**|||
|£60,000-£70,000|1|1|
## **9. TRUSTEES’ REMUNERATION AND BENEFITS**
There were no Trustees’ remuneration or other benefits for the year ended 30 April 2025 (2024: None).
## **Trustees’ expenses and insurance**
Trustees’ expenses of £180 were paid to one trustee in the year ended 30 April 2025, which was donated back to the charity, (2024: two trustees, £190). Included in insurance in support costs is a charge of £1,048 (2024: £730) for Trustees’ Indemnity Insurance.
## **10. TANGIBLE FIXED ASSETS – GROUP AND PARENT**
**----- Start of picture text -----**
PLANT AND MACHINERY ETC.
Group Parent
£ £
COST
At 1 May 2024 45,143 21,808
Additions 5,187 3,483
At 30 April 2025 50,330 25,291
DEPRECIATION
At 1 May 2024 17,905 6,207
Charge for year 13,146 6,610
At 30 April 2025 31,051 12,817
NET BOOK VALUE
At 30 April 2025 19,279 12,474
At 30 April 2024 27,238 15,601
**----- End of picture text -----**
UKAHT IMPACT REPORT 2024-25 | **33**
## **11. FIXED ASSET INVESTMENTS – PARENT**
**----- Start of picture text -----**
Total 2025 Total 2024
£ £
UNLISTED INVESTMENTS
Net book value 1 1
There were no investment assets outside the UK.
The company’s investments at the balance sheet date in
the share capital of companies include the following:
ANTARCTIC HERITAGE LTD
Nature of business: Sale of goods and souvenirs
Class of share: Ordinary
Percentage holding: 100%
Aggregate capital and reserves (390,336) (395,880)
**----- End of picture text -----**
## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**----- Start of picture text -----**
Group 2025 Parent 2025 Group 2024 Parent 2024
£ £ £ £
Other debtors 168,501 95,538 141,313 45,826
- -
Amounts due from subsidiary 816,208 725,567
Total 168,501 911,746 141,313 771,393
**----- End of picture text -----**
## **13. CURRENT ASSET INVESTMENTS – GROUP AND PARENT**
The investment is held by Aberdeen Investments, a professional management firm.
**----- Start of picture text -----**
2025 2024
£ £
MARKET VALUE
As at 1 May 2024 384,789 351,036
Additions net of cash movement 325,000 350,000
Disposals net of cash movement (325,000) (353,116)
Revaluation 6,775 36,869
As at 30 April 2025 391,564 384,789
Historical cost 350,000 350,000
**----- End of picture text -----**
**34**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR – GROUP AND PARENT**
**----- Start of picture text -----**
Group 2025 Parent 2025 Group 2024 Parent 2024
£ £ £ £
Trade creditors 25,482 3,697 64,177 8,456
Social security and other taxes 13,860 8,780 4,607 1,122
Accruals and deferred income 57,754 48,430 23,570 22,072
Other creditors 47,189 7,012 36,431 649
Total 144,285 67,919 128,785 32,299
**----- End of picture text -----**
## **15. MOVEMENT IN FUNDS – PARENT**
**----- Start of picture text -----**
At 1 May Incoming Resources At 30 April
2024 resources expended/ 2025
£ £ transfers £
£
Unrestricted funds:
General fund 17 1,180,083 492,543 (444,771) 1,227,855
Designated fund 17 127,634 - (50,000) 77,634
Restricted funds 16 59,546 231,673 (272,702) 18,517
Total 1,367,263 724,216 (767,473) 1,324,006
**----- End of picture text -----**
## **16. RESTRICTED FUNDS – PARENT**
**----- Start of picture text -----**
At 1 May Incoming Resources At 30 April
2024 resources expended/ 2025
£ £ transfers £
£
3D Modelling Project 20,000 2,406 (16,929) 5,477
Biosurvey Project 10,765 4,825 (11,535) 4,055
- -
NLHF Grant Heritage Innovation Fund 4,058 (4,058)
Safeguarding Britain’s Antarctic Heritage:
Endurance CMP 20,173 50,000 (36,269) 33,904
The Space Wearing Antarctica Project 4,550 1,433 (400) 5,583
-
Garfield Weston Foundation 25,000 (19,450) 5,550
- -
Blaiklock conservation 145,509 (145,509)
- -
Nineveh Trust 2,500 (2,500)
Green Overseas Fund - - (36,052) (36,052)
Total funds 59,546 231,673 (272,702) 18,517
**----- End of picture text -----**
UKAHT IMPACT REPORT 2024-25 | **35**
>> **3D Modelling Project:** This fund relates to a **The Space Wearing Antarctic project:** grant made by the Association of Independent Funding from The Space via Arts Council England Museums to enable a project to deliver a virtual to support Wearing Antarctica, the social media reality experience to schools in Scotland in public engagement project. partnership with Education Scotland.
> **Garfield Weston:** Funding from Garfield Weston Foundation to support delivery of the Antarctica Insights youth programme, a UK wide community and education programme.
> **Biosurvey Project:** This fund comprises the Foundation to support delivery of the Antarctica proceeds of public donations via a campaign Insights youth programme, a UK wide community through The Big Give to enable a scientific study and education programme. of the biodiversity of our historic sites on the > **Blaiklock conservation:** Donations submitted Antarctic Peninsula.
**Blaiklock conservation:** Donations submitted to our Big Give Christmas campaign and wider appeal for support towards conservation work at Blaiklock during the 2024/25 season.
> **NLHF Grant Heritage Innovation Fund:** appeal for support towards conservation work at To explore the challenges facing heritage Blaiklock during the 2024/25 season. organisations in recruiting specialist trades for > **Nineveh Trust:** Funding from Nineveh Trust to
To explore the challenges facing heritage organisations in recruiting specialist trades for the conservation of 20th century heritage sites, with a view to identifying actions to improve the availability of specialist practitioners skilled in the conservation of 20th century materials and structures.
**Nineveh Trust:** Funding from Nineveh Trust to support delivery of the Wildestan project during 2024/25 season. A programme for young people aged 14-17 years which nurtures life skills and confidence through learning about Antarctica and its rare heritage.
## » **Safeguarding Britain’s Antarctic Heritage:** >
> **Green Overseas:** Funding from Expertise France in support of understanding how climate change impacts on UK Antarctic Heritage sites. Includes testing a new climate change tool for heritage.
Endurance CMP. As the statutory heritage advisor to the Foreign, Commonwealth and Development Office and the Government of the British Antarctic Territory, this is the first instalment for a three-year agreement to deliver projects to support delivery of the UK’s obligations under the Antarctic Treaty, and BAT’s heritage strategy. In year one this is to develop a Conservation Management Plan for HSM 93 the wreck of Endurance.
**----- Start of picture text -----**
chinstrap penGuin visits port lockroy
**----- End of picture text -----**
lonG-standinG penGuin monitorinG with the british antarctic survey
**36**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS – GROUP AND PARENT**
||**Fixed assets**
**tangible**
£|**Fixed assets**
**investments**
£|**Net current**
**assets**
£|**Total**
**2025**
£|
|---|---|---|---|---|
|Unrestricted funds:|||||
|General Fund|12,474|1|1,215,381|1,227,856|
|Designated funds:|||||
|Public Engagement Fund|-|-|52,634|52,634|
|Conservation Fund|-|-|25,000|25,000|
|Restricted funds|-|-|18,517|18,517|
||12,474|1|1,311,532|1,324,007|
|Subsidiary|6,805|-|(397,142)|(390,337)|
|**Total**|**19,279**|**1**|**914,390**|**933,670**|
> **Public Engagement Fund:** This fund was designated to support public engagement activity in FY 2023-24, in particular digital programming and engagement projects.
> **Conservation Fund:** This fund was designated to support heritage conservation in Antarctica during season 2024-25 with a focus on the remedial conservation programme at Blaiklock Hut and structural works on Bransfield House at Port Lockroy.
**----- Start of picture text -----**
blaiklock island John rothera, 1957
**----- End of picture text -----**
UKAHT IMPACT REPORT 2024-25 | **37**
## **18. RELATED PARTY DISCLOSURES**
Transactions with wholly owned trading subsidiary Antarctic Heritage Limited:
|**Loans**|**Received in**
**the year**|**Interest**
**charged in**
**the year**|**Paid in the**
**year**|**Debtor at**
**30 April**|
|---|---|---|---|---|
|30 April 2025|(339,360)|-|430,000|816,208|
|30 April 2024|(263,103)|14,816|500,000|725,567|
Gift aid from the trading subsidiary in the year £Nil (2024: £Nil). The balance owing at the end of the year was £Nil (2024: £Nil).
## **19. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES**
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Unrestricted Restricted Total 2024
funds funds £
£ £
INCOME
Donations and grants 357,703 191,164 548,867
-
Other trading activities 815,818 815,818
-
Investment income 2,194 2,194
Total 1,175,715 191,164 1,366,879
EXPENDITURE
Costs of generating funds
-
Charity 78,170 78,170
Subsidiary 909,164 - 909,164
Charitable activities:
Project costs 357,613 209,644 567,257
Support costs 40,936 11,910 52,846
Total 1,385,883 221,554 1,607,437
-
Net gains/(losses) on investments 36,869 36,869
Net income/(expenditure) (173,299) (30,390) (203,689)
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**38**
## **PARENT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025**
||**2025**
£|**2024**
£|
|---|---|---|
|**INCOME**|||
|**Donations and grants**
Membershipreceived|163,990|150,473|
|Event income|46,626|43,815|
|Gift aid|6,851|9,142|
|Grants – unrestricted|50,000|3,000|
|Grants & donations – restricted|231,673|191,163|
|Donations received – individual|76,065|58,577|
|Donations received – corporate|58,588|6,513|
|British Antarctic Territory post office|34,385|30,772|
|Legacies – unrestricted|29,006|17,248|
|Legacies – restricted|-|-|
|Sponsorship|5,000|5,000|
|Gifts in kind
**Total**|13,790
**715,974**|33,163
**548,866**|
||||
|**Other trading activities**|**-**|**-**|
|Gift aid from trading company|-|-|
|**Total**|**-**|**-**|
||||
|**Investment income**|||
|Interest on AHL loan|-|14,816|
|Dividends and interest
**Total**|1,467
**1,467**|2,192
**17,008**|
|**TOTAL INCOME**|**717,441**|**565,874**|
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landscapes of antarctica
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UKAHT IMPACT REPORT 2024-25 | **39**
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2025 2024
£ £
EXPENDITURE
Costs of generating funds
Fundraising expenditure 17,090 78,170
-
Investment managers fees
Total 17,090 78,170
Charitable activities
Salaries and administration 326,188 264,995
Grants given 100 -
Public engagement –
unrestricted expenditure 36,698 23,261
designated fund expenditure 25,000 25,466
restricted expenditure 101,289 69,838
Peninsula conservation –
unrestricted expenditure 61,801 82,997
-
designated fund expenditure 25,000
restricted expenditure 145,509 100,700
Total 721,585 567,257
Other administrative costs
Trustees’ meetings and induction 3,002 1,778
Bank charges 5,376 6,217
Travel 4,703 7,723
Travel – Restricted expenditure 186 11,910
Insurance 1,048 7,780
Postage, stationery and books 10 -
Membership and subscriptions 1,283 1,223
Staff training 448 190
IT and software 458 -
Independent Examiner’s fees 5,380 500
Professional fees - 450
Sundries 294 360
Depreciation 6,610 4,811
-
PR and marketing 9,904
Total 28,798 52,846
TOTAL EXPENDITURE 767,473 698,273
Investment asset gains/(losses) 6,775 36,869
Net income/(expenditure) (43,257) (95,530)
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**40**
**“YOU CAN NEVER FORGET WHAT YOU EXPERIENCED AND WHAT YOU SAW... I KNEW I WAS GOING TO THE** _ Bl **ANTARCTIC. I WAS TAKEN BY SURPRISE** —_, —_ **WHEN I GOT THERE, HOW BEAUTIFUL IT WAS REALLY” John Rothera, Surveyor** Falkland Islands Dependencies Survey 1956-1960
~~above the ice, blaiklock conservation expedition, 2025~~
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DISCOVER
UNDERSTAND
& VALUE
PROTECT ANTARCTICA
AND SAVE ITS HERITAGE
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## **UK Antarctic Heritage Trust**
High Cross, Madingley Road, Cambridge CB3 0ET, UK
+44 (0) 1223 355049 | info@ukaht.org | www.ukaht.org
Registered charity (no. 1160847) and company limited by guarantee (no. 09423663).