## **The Steamboat Trust** 

## **Report of the Trustees and Financial Statements** 

## **for the year June 2024 -April 2025** 

Registered Charity: 1208717 

Address: 5 Sholden Road, Rochester, ME2 4PR 

## Serving Trustees 

Edward Ions Margaret McEwan Timothy Wardley 

Russell Sawyer 

David Bowen 

## Objectives for the year 

- To preserve and operate the steam tugboat Challenge 

- To purchase the steam tugboat Portwey 

- To repair Portwey's port side hull 

- To preserve and operate the steam tugboat Portwey 

- To open our vessels to the public when possible 

- To educate members of the public on our vessels, their history and engineering. 

- To prepare Challenge for Dunkirk 85 

- To overhaul Challenges condenser 

## Activity 

In the last 10 months since the establishment of the Trustees we have successfully Carried out preservation work on both Challenge and Portwey, opened Challenge to visitors in September and have maintained our core team of volunteers as well as recruiting new ones. 

The trustees have met regularly and worked on plans for public engagement and how the trust will be run. We have set up gift aid and are looking into purchasing a gazebo for use at events. 

The Steamboat Trust has no paid employees. We extend our grateful thanks to all the dedicated volunteers who contribute to our achievements. 



## Achievements 

- Steam tugboat Portwey purchased 

- Portwey’s hull repaired along port side 

- Opened Challenge to the public at Queenborough Classic Boat Festival 

- Overhauled Challenge’s condenser 

- Opened negotiation with Swansea Council about steam tugboat Canning 

Edward Ions 

Trustee, The Steam Boat Trust 



## **THE STEAM BOAT TRUST** 

## **FINANCIAL SUMMARY 2024 / 2025** 

|**INCOME**||
|---|---|
|DONATIONS|£1,358.55|
|**TOTAL INCOME FOR YEAR**|**£1,358.55**|
|**EXPENDITURE**||
|MAINTENANCE|1179.35|
|BANK FEE'S|£30|
|**TOTAL EXPENDITURE FOR YEAR**|**£1,209.35**|
|**BALANCE CURRENT ACCOUNT**|**£149.20**|



The Steam Boat Trust   Registered Charity - 1208717