CHARITY COMMISSION FOR ENGLANO AND WALES Trustees. Annual Report for the period From 6 April 2023 Period start date To 5 April 2024 Period end date Charlty name: SEVERN PRINCESS PRESERVATION TRUST Charity registration number: 1179131 Obpctives and Activities SORP reler Summary of the purposes of Ihe charity as set out in its overnin ckncumerit Summary ol the main aclNilies in relatKin to those purposes for the pubbic benefit, in particular. the activities, prqects or serVi￿S identiliod in the actx>unts. Slatement confirming whether the tsustees have had regard to the guidance ISSU8d by the Chafity ComnNssion on publi benefit Parn1.17 To preserve tho Severn Princess as an authentic representation of river trans ort aGf035 the River 8¢v•rn Para I.17￿d 1.19 Preservation work is carried out by the Trustees and a small group of volunteors wblh the aim of presentlng thp boat to the publi¢ as a museum piece. Pava 1.18 The Trustees have regard to the Charity Commission Guidance. Additional inforniation (optional) You ma thcose to indude further statements where Televant about.. SORP relerenr Para 1.38 No grants made Policy on grant making P*a 1.38 Policy on social investrnent including program related investment Pard 1.38 Without the work of the volumeers, t boat would have remasned unr•cognisable as tho proud v￿$0{ that she used to be. Now, she is recognisable althou h far from finished. Contribution made by volunteers Other Achievements and Performance SA)RP relere The Sevem Princess sfts on the bank of the River Wye r￿r the old Chepstow Shipyard where the firth car carrying Sevem Ferry (The Princess Ida) was buih. Some of Nelson's Trafalgar shlps w•ro also bullt there as were the deck soclions of the first Severn Bridge. Onco the Old Passage Severn Ferries had finished their daily work on the crosslng between Beachley and Aust (both slipways in England) the boats made way to b anchored in the Rlver Wye for the nighL almost opposite where the Severn Princess now Iles. Summary of the main achievements of the tharity, identifying the differ8n￿ Ihe charity's work has made to the cir￿MstanceS of its beneficiafies and any W￿er benelils to soaety as a whole. Para 1.20 Addttlonal Informatlon (optional) You ma chcose to indude further ststements where relevant ab(MJt: The obp¢tives have always been to gradually improve the condition of the Severn Princess, year on year. Rust has been removed. palnt applled. the deck preserved and the tufntabie re*lted 5n the wèll. Achievemenls against objectives set a 1.41 Fundralsing has been slow and inadequate for need. Restrictions to tho aGcess whilst the old shipyard Is being repurposed as houslng will end and then the project wlll be able to raise It's profile. Perfomance of fundraising activities against ob]ectives sei Para 1.41 Investrneni performan against objeaives P*a 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 The account is in credit to tho sum of £553.85 which is £80.82 less than the same time last year. Statement eXplain￿g the policy for holding re%rves slatin are held Arnount of res8Nes held Reasons for holding zero reserves Delails of fund mater￿lty in deticit ExpFanation of any uncertainties about the charity continuing as a going Con￿rn PaTa 1.22 The Trustees aim io keep a float of £500 in the a¢¢ount to service unexpocted Costs £500 Monlgs ral$od are spont on the work of reservation Mo deficlt in funds PdTa 1.22 Para 1.22 Parè 1.24 Yes, we are uncertaln about the future. Fundraislng is always a problem and there Is also the threat of vandalism. Additlonal informati¢>n (optional) You ma choose to include further slaten*nts wherè relevant about: Funds raised from talks, walks and vlslts to the site. Families with an interest and individuals have made donatlons. Gwont Association of Voluntary Organlsations have made sl nlflcanl iants The charity's principal SoUr￿S of funds lincluthng any fundraising) Pwa 1.47 No funts available for Invostment Investment policy arKI objectives induding any social investment policy a(*)pttsY Pw# 1.46 Lack of funds Extension of tho Wales Coastal Path near to tho boat that whllst a posltlve in some ways. may allow undeslrable activity A description ol the principal risks facing the charity Pwa 1.46 Oth8f Structure, Governance and Management Descrption of charty's trusts.. Type of goveming document P*a 1.25 Tr41St dood How is the charity constituied? Pala 125 10 Trusiee selection meth(yJs including details of any constitutKJnal provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trustees have remainod the same for some years and currenl Trustees would consider an application made by a third Additional information {optional) You ma th¢xsse io include furiher statsments where ielevant ab(￿1. Policies and pioce(Juies adopted for the induction arK1 training of trust88S Para 1.51 Tho charity's organisation31 structure and any wider netsvork with which the charity works Pafa 1.51 Relationship with any related parties 1.51 h8r Reference and Administrative details Chari name Other name the thari uses islered chari number Charity's principal address Sevem Prin￿SS PreseThat￿n Trusl 1179131 Silverpill LcKJge. 3 St Ann Street Chepstow Monmoulhshire NP16 SHE Names ol the charty Irustees who manage the charty Dates xtod 11 for whole Trustw nam• Oflle• (11 any) Njmtr of person lor body) ¢ntitled Ini trustee Ifan Tim Ryan Susan Kingdom Mark Taylor Richard Jones 10 12 13 14 15 16 18 19 20 orate trustees- names of the direclois al the date the re Dlr•ctor name ortwasa roved Name of trustees h)Iding title to property belonging to the chartty 0￿¢5 acted rf not for whole Tru$t•È nam• Funds held as custodian trustees on behalf of others Description ot Ihe assets hekl in this capa(ity Name and objects of the harity on whose behalf the assets are held and how this falls Within the ¢U51iyJian chartty's oty'ects Details of arrangements for safe custody and Se9rega￿n of suth assets from the charity's ovm assets Addltional Information (optlonal) Names and addresses of advisers (Optional inforMatk￿) Type of Name Address adviser Name ol ¢hid •xeGUtive or names of senlor staff membws (Optlonal inforrnation) Exemptions from disclosure Reason for non4iscbsure of ke Isonnel details Other o tional informatlon Declarations The trustees declaro that tlw have approved the tr￿te0$, report abov•. Signed on behalf of the charlty's tru tees Slgnature(s) Full nan￿s) Poshlon (eg Secrotaryy Chalr, etc) DR RICHARD JONES TRUSTEE 1 funds tr• neare51£ to r*OJrt¥t£ B1 Cash funds CaBh at Bank 05n4124 Total cash fvnds Vnrestrict•d fvnds Endowmnt fvnds funds to lo n￿leStE NIL lowhitth Curr•thtvalue è',.i",Is NIL C•stlopi¥J Fund tot*thlch •5S•t ¢uFrenlvalue Costlopt 84 Assets rntalned for the charity'$ ¢)wn use ?Wrwxl 1. Forry SPPT Suntlry Hand To 1fAI 120 Blgo Pymp 70 v￿*￿ HAbi Fund lo whKh Amount d When J¥ldil5 B5 Uabllitles SvJned by one or bvo trU￿ee$ on behalf of 411 the trustees Date ol roval S￿natUre Print Name GCXX R2 a￿U[￿tr ISSI 11m1r2025