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← Whitstable Maritime Ltd

2025-03-31-accounts

Registered company number - 9017635

WHITSTABLE MARITIME

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND EXAMINED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

WHITSTABLE MARITIME

CONTENTS

Pages
Legal and administrative information 1
Trustees' Report 2 - 5
Independent Examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 - 14

WHITSTABLE MARITIME

Page 1

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025

President

Gordon J Vincent

Directors (Trustees)

Susannah Gooch Chair Jeffrey P Walford Treasurer George B Green Diana P G Wright Peter D Steen (resigned 10.9.24) Alexander B Archer-Hare Tony Line Juliet Sargeant Simon Reynolds (appointed 22.1.25)

Company secretary

Kathryn A Fielding (previously Wilson)

Company number

9017635

Charity number

1171563

Registered office

The Horsebridge Centre 11 Horsebridge Road Whitstable Kent CT5 1AF

Independent examiner

Mr S J Wren FCCA Accountancy Matters (Kent) Limited The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT11 9DZ

Bankers

Lloyds Bank Plc Ariel House 2138 Coventry Road Birmingham B26 3JW

WHITSTABLE MARITIME

Page 2

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees of the charity (who are Directors for the purposes of company law) present their annual report and financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006 relating to small companies, and 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company was incorporated as a company limited by guarantee on 29 April 2014 and is governed by its Memorandum and Articles of Association. The company was registered with the Charity Commission as from 10 February 2017.

Recruitment and appointment of trustee/directors

To stand for election as a member of Whitstable Maritime’s board requires two Whitstable Maritime members to propose and second the nomination. The proposer needs to write a short citation which is sent to Whitstable Maritime’s board members to enable them to vote on the application ahead of the AGM by proxy, or at the AGM meeting.

Applicants must be aged 16 or over and meet the requirements of the Charity Commission.

Organisational structure

The Board has agreed a maximum of 12 trustees. The Board makes collective decisions and is expected to take individual responsibility for the delivery of the strategic aims. The trustees work collaboratively with each other and with members of the operational teams that are created to focus on major outcomes.

An open AGM is held in November at which Board members are elected. Officers are appointed at the first Board meeting after the AGM. In 2023 the Board agreed to the selection of a Chairperson and the appointment of a non-executive President.

Risk management

Principle risk 1: accident at sea.

Mitigated by adherence to a written code of practice (agreed with the RNLI) and marine insurance.

Principle risk 2: accident at public event. Mitigated by Public Liability insurance.

Principle risk 3: safeguarding of children and vulnerable adults. Mitigated by Safeguarding Policy, responsible Officer, and published event procedures.

OBJECTIVES AND ACTIVITIES

Aims and objectives

Whitstable Maritime is a charity set up to help people experience and benefit from Whitstable's maritime heritage, culture and environment. By working in partnership with the local community and other bodies, we aim to:

WHITSTABLE MARITIME

Page 3

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

Activities and public benefit

Whitstable Maritime exists to help residents, visitors, schoolchildren and students enjoy learning about the town’s connections with the sea, past, present and future.

The first craft being restored is the last surviving oyster yawl built in Whitstable (1906) which is still in its original form. Known as the Gamecock, it has been registered as a National Historic Ship, is recognized as having historical significance and has strong connections with the local community.

The 5K Coastal Trail opened in 2020 provides a platform for related activities along the coast. The 5K Coastal Trail is incredibly popular with locals and visitors alike and is increasingly used as an option within social prescribing.

Whitstable Maritime is closely connected with the Kent Wildlife Trust, the Kent Ornithological Society and the Marine Conservation Society. Promoting the importance of protecting the fragile local environment.

Whitstable Maritime offers a number of work experience and student intern opportunities for local schools and education centres.

Achievements and performance

It is with pride and gratitude that we reflect on another transformative year for our charity. In 2024–2025, we deepened our commitment to preserving and celebrating our coastal heritage, whilst expanding our reach to educate, engage, and empower communities both locally and further afield.

Heritage Skills Programme

This year marked a significant leap forward in our educational mission. Through inspiring partnerships with the Kent Wildlife Trust and the Marine Conservation Society, we supported both student work experience and student internships. Collectively we provided opportunities across a range of areas, including community engagement, social media, restoration work and researching membership programmes.

Whitstable Heritage Coastal Trail

The Whitstable Coastal Trail opened in 2020 provides a platform for related activities along the coast. The Coastal Trail is incredibly popular with locals and visitors alike and is increasingly used as an option by the health service in social prescribing. Work began in 2025 on increasing accessibility and inclusiveness of the trail. Collaborating with Kent University and local charities supporting the deaf and blind, we undertook research into enhancing sections of the Trail with auditory and sensory alternatives in order to increase accessibility to local maritime heritage.

Heritage Preservation & Environmental Protection

The restoration of the historic Whitstable Oyster Yawl Gamecock continues to be a labour of love and a celebration of traditional craftsmanship. Gamecock is the last surviving oyster yawl built in Whitstable (1906) which is still in its original form. Registered as a National Historic Ship, Gamecock recognized as having historical significance and has strong connections with the local community.

WHITSTABLE MARITIME

Page 4

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

Heritage Preservation & Environmental Protection - Cont'd

Whilst planking started at the end of 2024, per plan, the work schedule had to be altered due to 2 factors:

Whitstable Maritime partners closely with the Kent Wildlife Trust, the Kent Ornithological Society and the Marine Conservation Society. Promoting the importance of protecting the importance and fragile local environment. In 2024, our volunteers took part in a series of community beach cleans (including the Great British Beach Clean), helping to remove litter and protect the fragile coastal ecosystem. These events not only improved the local environment but also fostered a strong sense of stewardship and pride among participants of all ages.

Community Engagement and Ongoing Support

Whitstable Maritime, together with our partners Whitstable Improvement Trust, Harbour Boar, Whitstable Dinghy Store and St John’s Ambulance, started planning for the 2025 Whitstable Harbour & Boat Show. Last held in 2019, prior to COVID, there was extensive planning required, starting in Sept 2024 – for the show which was successfully held in Aug 2025. Whitstable Harbour & Boat Show involved live music, historic vessels, interactive displays, and inclusive activities for all ages. The show is an important community, family-friendly event which will showcase Whitstable’s unique coastal heritage and spirit.

We are proud to report that the charity was very successful in securing vital grant funding to support the ongoing work and Gamecock restoration. Generous contributions were secured from the John Swire Charitable Trust, Pilgrims Trust, National Historic Ships and Canterbury City Council’s UKSPF Pride in Place Grant (this was funded by the UK government through the UK Shared Prosperity (UKSPF) - a central pillar of the UK government’s Levelling Up). These grants not only provide financial stability for the project but also serve as a powerful endorsement of our mission to safeguard maritime heritage for future generations. Their support has enabled us to continue engaging the community, training young people, and breathing new life into one of Whitstable’s most treasured symbols.

None of this would be possible without the unwavering support of our volunteers, partners, and donors. Together, we are not only safeguarding our heritage—we are making it accessible, relevant, and inspiring for future generations.

Thank you for walking this journey with us.

FINANCIAL REVIEW

The net surplus for the year was £9,739, but this includes a restricted fund movement of £9,688, and a designated fund movement of £151, so the unrestricted surplus is only £202. As at 31 March 2025 there are total funds of £19,048 to carry forward. However of the £19,048, £15,957 relates to restricted funds and £2 relates to designated funds and therefore there are unrestricted general funds of £3,089 to carry forward to 2025/26.

WHITSTABLE MARITIME

Page 5

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

RESERVES POLICY AND GOING CONCERN

Whitstable Maritime has successfully secured a number of grants to ensure restoration work could continue on the Gamecock for at least 12 months. These grants cover both the labour costs relating to the Shipwright and the raw material (timber) for planned work. Whitstable Maritime remains dependent on grants and there is an ongoing effort to secure funding. In 2025 Whitstable Maritime successfully cleared the first hurdle in its application to the National lottery Heritage Funds. A full application which will include completing restoration and establishing the community engagement model is planned for early 2026 which allows sufficient time for a robust submission to be drafted.

The Coastal Trail remains self-funding with the cost of design and print being adequately covered by local sponsorship and advertisements.

Additional income to cover general running costs are derived from associated activities that Add Value, for example, the sale of branded merchandise and local fund raising activities.

The Whitstable Oyster Yawl, Gamecock, has been professionally valued at £85,000 when fully restored and the quality of the work has led to projections of a second ‘working life’ of 60/80 years. A Marine Surveyor has also judged that she will merit a license for 10 persons, 2 of whom will need to be crew. Should sailing be possible for 8 months each year with only 6 persons paying and 40% of places reserved for Community use at half-price, the annual income could be in excess of £115,000.

The underlying weakness is the Charity’s reliance on Volunteers, especially those which can support Gamecock restoration work. Whilst the number of volunteers has been increased, it remains challenging to find competent Volunteers who retain their support over several years.

PLANS FOR THE FUTURE

Looking ahead, the ongoing work to preserve the historic Whitstable Oyster Yawl Gamecock remains a central focus, with a projected timeline of 3–4 years to complete the full restoration, depending on resources and funding. Due to planned engineering works in the harbour, Gamecock will need to be moved in 2026, an effort which requires planning and additional resources. To support this and other initiatives, we are actively pursuing new funding streams, including a potential bid to the National Lottery Heritage Fund. Continued fundraising will be essential to sustain our momentum and ensure the longterm success of our heritage programmes.

Our need for volunteers remains, especially those with woodworking or traditional craft skills who can support the restoration. We also plan to expand our internship and work experience opportunities programmes, offering more young people the chance to gain hands-on experience with the charity. Enhancements to the Heritage Coastal Trail are on the horizon, as we deepen our collaboration with deaf and blind charities to improve accessibility and the experience.

Based on great feedback from 2025 Whitstable Harbour & Boat Show, plans are already in progress regarding a repeat event in August 2026! And discussions have started around Heritage Harbour Status for Whitstable which would mark a significant milestone in recognising the town’s rich maritime legacy and its continued role as a working harbour.

These future plans reflect our unwavering commitment to inclusion, education, and the preservation of Whitstable’s unique coastal legacy.

Signed on behalf of the Board of Directors by :

……………………. Susannah Gooch - Director

Date :

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF

Page 6

WHITSTABLE MARITIME

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 7 to 14.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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.

S J Wren FCCA Accountancy Matters (Kent) Limited Chartered Certified Accountants The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT12 6FA

Date :

WHITSTABLE MARITIME

Page 7

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME
Other trading activities :
Fundraising
Donations and grants
2
Bank interest receivable
TOTAL INCOME
EXPENDITURE
Costs of raising funds
3
Expenditure on charitable activities
3
TOTAL EXPENDITURE
NET (EXPENDITURE) / INCOME AND
NET MOVEMENT IN FUNDS
FOR THE YEAR BEFORE TRANSFERS
Transfers between funds
10
NET MOVEMENT IN FUNDS
Balance as at 1 April 2024
BALANCE AT 31 MARCH 2025		 Unrestricted Designated Restricted
funds
funds
funds
£
£
£
514
-
-
1,483
-
34,434
2
1,999
-
34,434
180
-
-
1,768
-
24,746
1,948
-
24,746
51
-
9,688
151
(151)
-
202
(151)
9,688
2,887
153
6,269
3,089
2
15,957		 Total
Total
funds
funds
2025
2024
£
£
514
715
35,917
6,500
2
-
36,433
7,215
180
317
26,514
26,826
26,694
27,143
9,739
(19,928)
-
-
9,739
(19,928)
9,309
29,237
19,048
9,309

WHITSTABLE MARITIME

Page 8

BALANCE SHEET AS AT 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling due within one
year
8
NET ASSETS
9
Represented by:
FUNDS OF THE CHARITY
Restricted funds
10
Unrestricted funds :
Designated funds
10
General funds
10
TOTAL CHARITY FUNDS		 1,213
20,480
21,693
(2,647)		 2025
£
2
70
10,333
10,403
(1,247)
19,046
19,048
15,957
2
3,089
19,048		 2024
£
153
9,156
9,309
6,269
153
2,887
9,309

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under s.477 Companies Act 2006 and no members have deposited a notice under s.476 requiring an audit.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 of the Act for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 295 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with the Charities SORP FRS102.

These accounts were approved and signed for issue by the trustees on

……………………. ……………………. Jeffrey Walford - Director Susannah Gooch - Director

Company Registration Number - 9017635

WHITSTABLE MARITIME

Page 9

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

The 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 the Republic of Ireland FRS 102 (effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 and the Companies Act 2006.

Whitstable Maritime meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The principal accounting policies adopted are as follows:

a) Preparation of the accounts on a going concern basis

There is currently adequate grant funding in place for 2025/26,and the accounts have therefore been prepared on a going concern basis as the charity has sufficient liquid reserves to fund its operational expenditure in the coming year.

b) Income

All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

The following specific policies are adopted and applied to particular categories of income :

Voluntary income by way of grants and donations is included in the statement of financial activities when receivable.

All expenditure is accounted for on an accruals basis and includes VAT where applicable. Where such costs relate to more than one functional cost category they have been split on an estimate of time spent. Expenditure is shown as :

Charitable expenditure - comprises those costs incurred by the charity in the delivery of its activities and services. It includes both those costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, including governance costs (costs associated with meeting the constitutional and statutory requirements of the charity and includes the Independent Examiners fee).

d) Tangible fixed assets

Tangible fixed assets costing more than £200 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows :

Fixtures, fittings & equipment 15% reducing balance Gamecock Oyster Yawl 10% straight line

e) Fund accounting

Unrestricted funds are donations and other income receivable without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.

WHITSTABLE MARITIME

Page 10

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

f) Significant judgements and estimates

No significant judgements or estimates have had to be made by the Trustees in preparing these financial statements

2
DONATIONS AND GRANTS
Unrestricted
funds
£
Grants:
Whitstable Improvement Trust
-
Canterbury City Council
-
The Pilgrim Trust
-
John Swire 1989 Charitable Trust
-
National Maritime Museum
-
Other donations
1,483
1,483
3
EXPENDITURE
Unrestricted
funds
£
Costs of raising funds :
Fundraising event costs
-
Publicity
180
180
Costs directly allocated to activities
Boat repairs & running costs
-
Boat insurance
-
Storage and mooring fees
-
Depreciation
151
Coastal trail costs
-
Support costs
Insurance
459
Printing, postage and stationery
-
Legal and professional fees
352
Travel expenses
100
Depreciation
-
Governance costs
AGM costs
-
Companies House fee
34
Accountancy
672
1,768
1,948		 Restricted
funds
£
5,000
9,800
4,200
5,000
500
9,934
34,434
Restricted
funds
£
-
-
-
24,272
366
-
-
108
-
-
-
-
-
-
-
-
24,746
24,746		 Total
funds
2025
£
5,000
9,800
4,200
5,000
500
11,417
35,917
Total
funds
2025
£
-
180
180
24,272
366
-
151
108
459
-
352
100
-
-
34
672
26,514
26,694		 Total
funds
2024
£
5,000
1,000
-
-
-
500
6,500
Total
funds
2024
£
137
180
317
23,024
183
-
602
1,627
417
-
288
-
-
-
13
672
26,826
27,143

WHITSTABLE MARITIME

Page 11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4 NET INCOME 2025 2024
£ £
This is stated after charging:
Depreciation 602 602
Loss on disposal - -
Independent Examiner's remuneration :
-
Independent Examiners' fee		 672 672
-
Provision of bookkeeping software		 317 288

5 INFORMATION REGARDING EMPLOYEES

The charity had no employees during either year.

No trustees received remuneration or were reimbursed travel or meeting expenses from the charity during the year (2024 - £Nil).

The total employee benefits (including employers national insurance) of the key management personnel of the charity were £Nil (2024 - £Nil)

6
FIXED ASSETS
Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Disposals
Charge for the period
As at 31 March 2025
Net book value
As at 31 March 2025
As at 31 March 2024		 Fixtures,
fittings &
equipment
£
4,956
-
-
4,956
4,955
-
-
4,955
1
1		 Gamecock
Oyster
Yawl
£
6,020
-
-
6,020
5,868
-
151
6,019
1
152		 Total
£
10,976
-
-
10,976
10,823
-
151
10,974
2
153

WHITSTABLE MARITIME

Page 12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7
DEBTORS
Other debtors
Prepayments
8
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals
Deferred income
9
ANALYSIS OF NET ASSETS BETWEEN FUNDS
General
funds
£
Fixed assets
-
Current assets
5,736
Current liabilities
(2,647)
Net assets as at 31 March 2025
3,089
General
funds
£
Fixed assets
-
Current assets
4,134
Current liabilities
(1,247)
Net assets as at 31 March 2024
2,887		 Designated
funds
£
2
-
-
2
Designated
funds
£
153
-
-
153		 2025
£
-
1,213
1,213
2025
£
1,975
672
-
2,647
Restricted
funds
£
-
15,957
-
15,957
Restricted
funds
£
-
-
-
-		 2024
£
-
70
70
2024
£
-
1,247
-
1,247
Total
£
2
21,693
(2,647)
19,048
Total
£
153
10,403
(1,247)
9,309

WHITSTABLE MARITIME

Page 13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10 MOVEMENT IN FUNDS
Restricted funds
Coastal trail
Gamecock
Harbour Day
Total restricted funds
Designated funds
Fixed assets fund
Total designated funds
Unrestricted general funds
Total funds		 As at
1 04 2024
£
27
6,242
-		 Income Expenditure
£
£
2,584
(108)
24,969
(24,638)
6,881
-
34,434
(24,746)
-
-
-
-
1,999
(1,948)
36,433
(26,694)		 Transfers
As at
31 3 2025
£
£
-
2,503
-
6,573
-
6,881
-
15,957
(151)
2
(151)
2
151
3,089
-
19,048
6,269
153
153
2,887
9,309

RESTRICTED FUNDS

Coastal trail

The Coastal Trail benefitted from a £1,500 donation from the Port of London Authority in April 2024 together with several £200 donations from local businesses which replenished the Coastal trail finances as no major outgoings were incurred this financial year.

Gamecock

During the year the charity benefitted from grants of £9,800 from Canterbury City Council, £5,000 from the John Swire 1989 Charitable Trust, £4,200 from The Pilgrims Trust and £500 from the National Maritime Museum plus a donation of £4,000 from the Whitstable Oyster Company Limited and other smaller donations to be used towards the further restoration of the Gamecock. The Gamecock is currently sitting on Whitstable Harbour East Quay. Further funding is required in order to fully restore the boat.

Harbour Day

It was decided during Autumn 2024 that Whitstable Maritime would take a lead in running Harbour Day 2025 which was to take place in August 2025. The Whitstable Maritime Commercial Instant Access bank account was used to collect donations/grants (£5,000 from Whitstable Improvement Trust plus other smaller donations) and pay out expenditure such as Insurance during early 2025, these costs have been prepaid and will be shown as costs in the 2025/26 accounts, the year in which the 2025 Harbour Day will take place.

DESIGNATED FUNDS

Fixed asset fund

This fund represents the charity's net book value of the fixed assets at the balance sheet date and has been created as these funds are not readily available for the charity's operational expenditure.

WHITSTABLE MARITIME

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10 MOVEMENT IN FUNDS - PREVIOUS YEAR

Restricted funds
Coastal trail
Gamecock
Designated funds
Fixed assets fund
Total designated funds
Unrestricted general funds
Total funds		 As at
1 04 2023
£
463
23,293		 Income Expenditure
£
£
1,191
(1,627)
5,973
(23,024)
7,164
(24,651)
-
-
-
-
51
(2,492)
7,215
(27,143)		 Transfers
As at
31 3 2024
£
£
-
27
-
6,242
-
6,269
(602)
153
(602)
153
602
2,887
-
9,309
23,756
755
755
4,726
29,237

RESTRICTED FUNDS

Coastal trail

During the year the charity received £1,000 from Canterbury City Council towards the redesign and reprinting of the Coastal Trail leaflets.

Gamecock

During the previous year, the charity was awarded grants of £24,000 from the Fred Goldfinch Deceased Charitable Will Trust, £1,000 from Shepherd Neame Ltd and £203 of other donations to be used towards the Shipwrights costs for further restoration of the Gamecock. During the year the charity received £5,000 from Whitstable Improvement Trust, and also received other donations and sponsorship income to be used for the materials for the Gamecock restoration. The Gamecock is currently sitting on Whitstable Harbour East Quay. Further funding is required in order to fully restore the boat.

DESIGNATED FUNDS

Fixed asset fund

This fund represents the charity's net book value of the fixed assets at the balance sheet date and has been created as these funds are not readily available for the charity's operational expenditure.

11 MEMBERS LIABILITY

Every member of the company undertakes to contribute such amount as required (not exceeding £10) to the company's assets if it should be wound up while they are members or within one year of ceasing to be a member, for payment of the company's debts and liabilities contracted before they cease to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of rights of the contributories among themselves.

12 CORPORATION TAXATION

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 RELATED PARTY TRANSACTIONS

During the year donations totalling £4,000 were received from Whitstable Oyster Company Limited a company in which George Green (a trustee of the charity) is a director and has a significant financial interest

The charity did not undertake any other transactions with related parties that require disclosure.