THE STEAM TUG KERNE PRESERVATION SOCIETY LIMITED
To promote for the benefit of the public the preservation and maintenance of the historic steam tug KerneTo advance the education of the public in the science, technology and use of steam power in general and its application to marine in particular
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £104,239, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income surplus of £31,015 for the year, driven by a substantial interim legacy payment, and confirmed it is prepared on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“Income from: Donations and legacies 3 90,663”
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 3
Trustees
- Allan Fraser Hickson
- Christopher John Heyes
- Christopher Paul Kirkbride
- Jonathan Coates Bregazzi
- Michael Paul Ogden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £89k | £60k |
| 31/12/2024 | £73k | £7k |
| 31/12/2023 | £20k | £21k |
| 31/12/2022 | £15k | £20k |
| 31/12/2021 | £20k | £13k |
Common questions
Is THE STEAM TUG KERNE PRESERVATION SOCIETY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £104,239, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income surplus of £31,015 for the year, driven by a substantial interim legacy payment, and confirmed it is prepared on a going concern basis with adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 06/07/2020 | £10k | "COVID19 The Steam Tug Kerne Preservation Society" |
| The National Lottery Heritage Fund | 04/10/2018 | £9k | "Steam Tug Kerne 1913: last of the line" |
| The National Lottery Heritage Fund | 03/06/2014 | £85k | "Repair of the hull of the steam tug Kerne" |