THE HMS CAROLINE PRESERVATION COMPANY
The objects are to educate the Naval Service and auxiliaries and other members of the public about the history of HMS Caroline and the history of the Royal Navy and other matters relating to the defence of the realm.
Financial health, per its FY2025 accounts
The accounts state that the charity holds substantial endowments and free reserves of £127,525, with a net asset position of £24,025,008. The trustees and auditors confirm that the going concern basis continues to apply, supported by the investment policy and endowment funds.
What the accounts disclose
“Total incoming resources for the HMS Caroline Preservation Company in 2024-25 amounted to £323,004 (2023-24: £301,798) in respect of income from investments and donations.” — page 7
“The Group policy is that there is no requirement to accumulate free reserves (defined for the purposes of this policy as the amounts shown as "Net Current Assets” in the accounts of the charitable company, and which are attributable to Unrestricted Funds) within the subsidiary charities and trusts and that any reserves held will be appropriately used, as approved by the Board, for the furtherance of the charitable objects.” — page 7
Trustees
- Captain Martin Edward Quinn
- JOHN MICHAEL ELSWORTH SCOTT
- John McMillen
- John Richard Armstrong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £323k | £895k |
| 31/03/2024 | £302k | £937k |
| 31/03/2023 | £2k | £555k |
| 31/03/2022 | £2k | £2k |
| 31/03/2021 | £16 | £118 |
Common questions
Is THE HMS CAROLINE PRESERVATION COMPANY financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds substantial endowments and free reserves of £127,525, with a net asset position of £24,025,008. The trustees and auditors confirm that the going concern basis continues to apply, supported by the investment policy and endowment funds. Its FY2025 accounts were audited by Price Bailey LLP.