## **TID 164 PRESERVATION TRUST** 

## **ANNUAL REPORT AND RECEIPTS & PAYMENTS ACCOUNTS** 

**For the year ended 31 December 2024** 

## **COVER PAGE** 

**TID 164 PRESERVATION TRUST Annual Report and Receipts & Payments Accounts For the year ended 31 December 2024** 

**Registered Charity Name:** TID 164 Preservation Trust 

**Charity Structure:** Charitable Trust 

**Principal Trustee:** Mr Glenn Matthews 

**Principal Address:** 167 High Street, Queenborough, Kent, ME11 5AQ 

**Governing Document:** Trust Deed 

**Reporting Period:** 1 January 2024 – 31 December 2024 



## **Contents** 

1. Trustee’s Annual Report 

2. Receipts & Payments Account 

3. Statement of Assets and Liabilities 

4. Notes to the Accounts 

5. Trustee Declaration 



## **1. Trustee’s Annual Report** 

## **Reference and Administrative Details** 

**Charity Name:** TID 164 Preservation Trust **Trustee:** Mr Glenn Matthews **Principal Address:** 167 High Street, Queenborough, Kent, ME11 5AQ **Governing Document:** Trust Deed **Reporting Period:** 1 January 2024 – 31 December 2024 

## **Structure, Governance and Management** 

The trust is governed by a trust deed. The trustee is responsible for the management and administration of the charity. There were no changes to governance arrangements during the year. 

## **Objectives and Activities** 

The trust’s purpose is the **preservation and safe custody of a historic vessel** , which is privately owned by the trustee and leased to the trust. 

The trust undertook **no charitable outreach, fundraising, or trading activities** during the year and remained **nearly dormant** . 

## **Public Benefit Statement** 

The trustee confirms that they have had regard to the Charity Commission’s guidance on public benefit. The vessel remains preserved for future heritage and educational purposes. 

## **Achievements and Performance** 

The trust’s activities were limited to ensuring the vessel remained safely stored and insured. No public-facing or operational activities took place. 



## **Financial Review** 

The trust received **no income** during the year. Payments totalled **£2,180** , consisting of: 

- Mooring fees: £1,440 

- Insurance: £740 

All payments were **personally funded by the trustee** , resulting in a liability owed by the trust. 

The trust held **no reserves** at the start or end of the year. 

The vessel is **not included** in the accounts as it is privately owned and leased to the trust. 

## **Trustee Responsibilities** 

The trustee is responsible for: 

- Keeping proper accounting records 

- Preparing Receipts & Payments Accounts in accordance with Charity Commission requirements 

- Safeguarding the assets of the charity 

The trustee confirms these duties have been met. 



## **2. Receipts and Payments Account** 

**For the year ended 31 December 2024** 

**Receipts £** Donations 0 Grants 0 Other income 0 **Total Receipts 0 Payments £** Mooring fees 1,440 Insurance 740 **Total Payments 2,180** 

**Net movement in funds: (2,180)** 

## **3. Statement of Assets and Liabilities** 



## **As at 31 December 2024** 

## **Assets** 

**£** 

Cash at bank (2,180) _deficit funded by trustee_ Other monetary assets 0 Non-monetary assets held for charity use None **Total Assets (2,180)** 

## **Liabilities** 

**£** Amount owed to trustee 2,180 **Total Liabilities 2,180 Net Assets** 

**£ Net assets at year end 0** 

## **4. Notes to the Accounts** 

## **1. Basis of Accounts** 



These accounts have been prepared on a **Receipts and Payments basis** , as permitted for non-company charities with gross income below the statutory threshold. 

## **2. Related Party Transactions** 

The trustee personally funded all expenditure totalling £2,180. This amount is recorded as a liability owed by the trust. 

## **3. Assets Held for Charity Use** 

The vessel preserved by the trust is **privately owned** by the trustee and **leased to the trust** . It is therefore **not included** in these accounts. 

## **5. Trustee Declaration** 

I declare that the Annual Report and Receipts & Payments Accounts for the year ended 31 December 2024 have been approved by me as trustee. 

**Signed:** Mr Glenn Matthews Trustee 

## **Date: 13 April 2026**