Portsmouth Historic Quarter Trust
To preserve the Historic Dockyard at Portsmouth so that it may be enjoyed by the public for generations to come. To restore, maintain and find appropriate new uses for buildings of outstanding historic and architectural interest in the Dockyard.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a consolidated deficit of £5,227,000 for the year ended 31 March 2025, primarily driven by a £4,750,000 impairment charge to fixed assets. Despite this accounting deficit, the trustees confirm that unrestricted funds are sufficient to cover at least six months of core costs, with a designated protected fund of £900,000, and the financial statements are prepared on a going concern basis.
What the accounts disclose
“90,001 to 100,000 2 =” — page 36
“Income from charitable activities 5 3,921 - 3,921 3,473 - 3,473” — page 29
“PHQ intends to maintain unrestricted designated funds representing at least six months of core costs. These funds have been classified as the Protected fund and is currently set at £900,000 which is as intended.”
Leadership, per the charity’s website
- Hannah Prowse — CEO
- Rear Admiral Rex Cox — Deputy Chair
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2026)
Register events
- Received assets from another charity (14/07/2020)
Trustees
- BENJAMIN FRENCH
- Cllr Stephen Mark Christopher Pitt
- Cllr. Denise Perry
- Dr Tarek Teba
- Graham Morrison
- Helen Green
- Jonathan William Mercer Trice
- Mark John Goulding
- Professor Virginia Adair Gibson
- Rear Admiral Rex John Cox
- Simon Verdon
- William James Croser
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £4.6m | £3.6m |
| 31/03/2025 | £4.3m | £3.9m |
| 31/03/2024 | £3.9m | £5.2m |
| 31/03/2023 | £3.9m | £4.9m |
| 31/03/2022 | £3.9m | £4.9m |
Common questions
Is Portsmouth Historic Quarter Trust financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a consolidated deficit of £5,227,000 for the year ended 31 March 2025, primarily driven by a £4,750,000 impairment charge to fixed assets. Despite this accounting deficit, the trustees confirm that unrestricted funds are sufficient to cover at least six months of core costs, with a designated protected fund of £900,000, and the financial statements are prepared on a going concern basis. Its FY2025 accounts were audited by Sumer Audit.
What does the highest-paid employee of Portsmouth Historic Quarter Trust earn?
Per its FY2025 accounts, the highest-paid employee was in the £90,001 - £100,000 band.
Who funds Portsmouth Historic Quarter Trust?
Funders whose own accounts filings name Portsmouth Historic Quarter Trust as a grant recipient include SIR JEREMIAH COLMAN GIFT TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SIR JEREMIAH COLMAN GIFT TRUST | FY2023 | £1k | |
| SIR JEREMIAH COLMAN GIFT TRUST | FY2024 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/06/2026 | £450k | "Storehouse 9: The Dockyard Story" |
| UK government | 08/02/2024 | £600k | Capital Investment Programme |
| The National Lottery Heritage Fund | 21/05/2018 | £211k | "Building resilience for traditional wooden boatbuilding" |
| The National Lottery Heritage Fund | 18/03/2015 | £2.0m | "The Economic Regeneration of Priddy's Hard, Gosport" |
| The National Lottery Heritage Fund | 13/11/2012 | £4.3m | "The Boatbuilding & Heritage Skills Training Centre" |
| The National Lottery Community Fund | 30/03/2005 | £824k | Inter-Action @ Action Stations |
| The National Lottery Heritage Fund | 17/09/2002 | £18k | "Restoration of Fast Motorboat (FMB) 43957" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PILGRIM TRUST | 3 | £60k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 2 | £105k |
| THE HEADLEY TRUST | 2 | £40k |
| THE GEOFFREY WATLING CHARITY | 1 | £265k |
| THE BAND TRUST | 1 | £185k |
| THE MERCERS CHARITABLE FOUNDATION | 1 | £60k |
| THE MICHAEL UREN FOUNDATION | 1 | £60k |
| THE BRITFORD BRIDGE TRUST | 1 | £40k |
Charities like this
- THE CHATHAM HISTORIC DOCKYARD TRUST
- SS GREAT BRITAIN TRUST
- NATIONAL MARITIME MUSEUM CORNWALL TRUST
- THE NORWICH HISTORIC CHURCHES TRUST LIMITED
- LONDON HISTORIC BUILDINGS TRUST LTD
- GREAT YARMOUTH PRESERVATION TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Portsmouth Historic Quarter Trust | £4.6m | £90,001 - £100,000 | — | above | — | no doubt |
| THE CHATHAM HISTORIC DOCKYARD TRUST | £9.8m | — | — | above | — | no doubt |
| SS GREAT BRITAIN TRUST | £5.1m | £90,001 - £100,000 | 2 | below | — | no doubt |
| NATIONAL MARITIME MUSEUM CORNWALL TRUST | £2.4m | £80,001 - £90,000 | — | unclear | — | no doubt |
| THE NORWICH HISTORIC CHURCHES TRUST LIMITED | £321k | — | 0 | unclear | — | no doubt |
| LONDON HISTORIC BUILDINGS TRUST LTD | £116k | — | 0 | above | — | no doubt |