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 f*e 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 re*J to her history
The adVanC￿nent 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
Rev￿arCh Vessel. Tr Sopety converted to a Scottish Charitable incorporateAI oryJan￿tlQn in
November 2021.
Launthed in 1955 as Scodarwj's first Pu￿O5e-bUi￿ oCean￿OIr￿j Fisheries Research Vessel, SS
Explorer served in this role f(K 28 years. The vessel was deC(xrThi55ion￿j 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
h￿tOry 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 ￿￿t￿tNJht sta1x"l￿ati0n and ger*tral ffqintenance.
Dis￿33￿n8 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 empby￿1 a part tirne Co[￿nUThty Outreath K)rker f(K the sunyrw to furth￿ develop
our local Conr*ctio(￿.
FurKlraising conbnues to be challenging wilh a number of UnsUc￿f￿[ apph(xtions. but V•e were
successful wilh an appkation to Corrffiundy Fund who [￿0V￿g&j funds t￿rdS 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 ¥tr*bsite, ￿ 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 rn￿th8.
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
r￿nty 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 managern￿t app to rea)rd volunteer hours and
allow tasks to be assig1￿d.
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* P￿t 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
RegiSte￿d Chanty SC023518
Statement of Balances
24￿5
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
MI￿lIaneOuS
4 277.74
TOTAL
11630.01
30 477.31
R￿ipts
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 Irrepla￿abIe. 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 ACC￿NTs 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 exam￿ation 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 2￿5 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