EXPLORER SS Explorer Preservation Society Trustees, Annual Report 1st April 2024- 31st March 2025 SS Explotef Preservation Souety SC023518 Custom House, 65167 Commercial Street. Leith EH6 6LH www.theex lorer.scot www.facebook.comrrheSSEx lorer www.insta ram.com/ss.ex lorer. www.tiktok.coml lorer.
Structure, governance and management Chartty Trustee8 Trustse recruitment and appolnknent Objectlves The s(ty is establthed for dwitablg purposes onty, and in pwlicular. Ihe ¢ieets are . The advancemerrt of fe through the c(mseTvalion of the ex-Fsheries Research vessel SS Explorer. ensuring th•t ts vessel is preseNed aTrJ Maintain alon9 with artefacts and documents reJ to her history The adVanCnent of edu(3tion on the vessel and its lmp(xtan to maritNne history by opening the SS Explorer to visits. displaying and shariry infomutKm abcxrt her hthry. and History The &)(iety was eslablished in 1994 as a registered tharity and a (x)mpary limited by guarantee by enthusiasts who anted to Preserve the SS Explorer. the UICS last surviving steam Fisheries RevarCh Vessel. Tr Sopety converted to a Scottish Charitable incorporateAI oryJantlQn in November 2021. Launthed in 1955 as Scodarwj's first PuO5e-bUi oCeanOIrj Fisheries Research Vessel, SS Explorer served in this role f(K 28 years. The vessel was deC(xrThi55ionj n 1984 was in danger of beiro brokn w until she was purthaseAI by the So• in 1994. The vessel was eventually moved to Leah afKI over the last 20 years or so, the SocÈty has re(xuited nd other Interest parties. begun (xllectsng and catsh>3uing marine artefads. reeordirKJ oral htOry arKI publicasing their wofk rr widety. Achievements and perfomiance develop a plan for drydod(irvJ tr£ vessel arKI (knr major works. In the meantirrte, we have conttnued with prograrrffie wind ttNJht sta1x"lati0n and gertral ffqintenance. Dis33n8 with Forth Ports and their swtners in Tr Dryd(, projed as part of Hart)our 31, appear Itkely to provide us with a publw a(xessible berth.
have now empby1 a part tirne Co[nUThty Outreath K)rker f(K the sunyrw to furth develop our local Conrctio(. FurKlraising conbnues to be challenging wilh a number of UnsUcf[ apph(xtions. but V•e were successful wilh an appkation to Corrffiundy Fund who [0Vg&j funds trdS cunmunty outreach, ow core in5urarKe sts support and trainffvJ kn volunteers. of visitors which has generated donations and feedback. The donation p(x'nt at the Royal Yacht Britannia has Pfovwtsj a steady Ilow of furKls as has the one at the P¢)rt of Leith Distil. Meanwhi18. the Sow and Explorer have been prcyaress in a number of other areas. role. In addition to eontsd via our ¥trbsite, have akn distrt>uted visitor cards on board Fireal arKI in other kxxtions vAth the resutt tIHt have hal over 180 visitor ts>uTr cffi Ihe vessel in the last 7 or 8 rnth8. We have reviewed a updated our Heafth and Safety Pobcy. finalised an Emerger Respofw Pro(2dure which ties n wilh Forth Ports prttedures and introdu(d a formal inducti( pofry for volunteern. Our volunteer thertfSiW With EdithKgh VoluntwwvJ has been succesth aTKS y have rnty rectuited a Volunteer Cfyxdinator to manage our growing tearn ak>ryJ with Websrte and Social Media Coordinator to lake responsibilty for online presen. We have also intrc#Juced an online volLmteer managernt app to rea)rd volunteer hours and allow tasks to be assig1d. The board team have conlinued maintenance aTrJ presefvthn Wofks cm the vessel and have oyrpleted stnppiThJ the deck boards, chippirKJ and cleaning the steel on the Start)oartl waist ded( and wlll shortty in f-. .3: eleaning and paintiryJ of thts area. Tr Pt SKle waist ded( will be the next tsrget. as contsnwj hts work - aknost 5inglehaTrYedly - repairing and reinstallirv3 the Wa-danaged partHing in wtwlhouse whth has made C& e*Er.ce.
SS Explorer Preservation Society Accounts 1 April 2024 - 31 March 2025 RegiSted Chanty SC023518 Statement of Balances 245 23124 Balan on Bank Account 11,828.41 5,119.89 Hospitalrty Account 39.44 Total Current Assets 11 Fixed Assets Book Value of Equipment 536.17 630.79 Book Value of Ship Total Fixed Asset 7 655.00 8 191.17 8 285.79 TOTAL ASSErs 2QWO2. . 01 July 2025
RECEIPTS AND PAYMENTS ACCOUNT For the year ending 31 March 2025 Recei 24125 23124 MernbershiF6 649.29 424.58 Donations 5.430.04 13,871.57 Grants 12,259.20 19,740.80 Sales 0.00 TOTAL 18 338.53 ments Repairs 51.83 817.26 Publicity l Hospitalty Insurance 933.47 97.90 5.247.54 5,077.82 ConseTvation Plan 0.00 19,740.80 Tools& PPE 289.75 87.75 Admin Expenses 829.68 314.33 MIlIaneOuS 4 277.74 TOTAL 11630.01 30 477.31 Ripts 18.338.53 34,036.95 Less Paymerts 11630.01 30.477.31 Surplu51Deficit 6 708.52 Opening Bank Balar 5 119.89 1.560.25 Add SurpluslLe5s Deficit 6 708.52 Closing Bank Balarsce 11 28.41
Notes to Accounts 1 The SS Explorer has retained the historic ship status granted by the Nth"onal Maritirne Museum's Ships Committee. She was purthased by the Society for £10,000 and the last valuation of the ship was £7,655. The current value of the ship is a matter of conjectu. In discussion wtth our surveyor. he explained we could argue that the ship is one of a kind and IrreplaabIe. On the other extreme we could look at it from the point of Scrap value and the costs of removing asbestos. Bear in mind that the higher we value the ship. the hÈgher will be the insuono premium. After negots"ations with our suNeyor and insurers the 'book value. will remain at £7,655. 2 Book value of other EquisNnent-This is the aggregate value given to Assets whose original value was over £500 after depreci*"on has been charged. Such items are: the cooker, audio visual equipment and NC generator.
18 September 1025 OSCR 9 Riverside Drtve DUNDE£ DDI 4NY Doar Sirs AUDIT OF THE FINAL ACCNTs OF THE 5S EXPIORER PRESERVATION SOCIEfY- sc023518 FOR THE PERIOD I APRIL 2024- 31 MARCH 2025 The charity trustees considef that the audit requirement of Regu laiion of io(i)(d) of the Accounts Regulations dnM Tht)t apply It is my respoftsibility to examin• the xcounts as roquirÈd under sertion 44(1)(c) of the ACL My examation 15 carried out in ac(ordance with Regulation 11 of the 2(MJ6 Accounts Re8ulatK)ns. I have examined the Jccountin8 iÈcord5 kept by the SSEPS and compared these with the Jccounts presented with those reiord5. The procedures undortaken do not provide all the evidence that would be required by a quolified auditor and. consequently• I do flot expre55 an audit opinicn the view 8iven by the accounts, In the course of my examination. no rnatter has come to my atttrtiC which grves me reasonable cause to believe that in any material respert the requirements: to keep accounting records fn accord¥teÈ WFth sKtion 4411)(a) of the 2w5 Act and Regulatson 4 of the 25 Accovnts Re8ulations, and b to p repare a(rount5 vthich accord with the accountin£ rttord5 and compty with Regulation 9 of the Accounts Regulatvn5 not been meL There appears to be nothlng furthèr that rÉouire5 to be drnwn to the attention of any