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.
Objects
1. THE PRESERVATION OF BUILDINGS, STRUCTURES, VESSELS, DOCKS AND BERTHS OF NATIONAL INTEREST OR ARCHITECTURAL OR HISTORIC INTEREST OR HISTORICALLY ASSOCIATED WITH HER MAJESTY'S NAVAL BASE AT PORTSMOUTH AND THE PROTECTION AND AUGMENTATION OF THE AMENITIES OF SUCH BUILDINGS, STRUCTURES, VESSELS, DOCKS AND BERTHS AND THEIR SURROUNDINGS (HEREINAFTER CALLED THE 'NAVAL BASE BUILDINGS' FOR THE PUBLIC BENEFIT INCLUDING FOR THE ADVANCEMENT OF CULTURE:2. THE ACCESS TO AND ENJOYMENT OF THE NAVAL BASE BUILDINGS BY THE PUBLIC FOR THE PURPOSES OF EDUCATION IN NAVAL HISTORY AND OTHER MATTERS RELATED TO THE DEFENCE OF THE REALM.
Financial health, per its FY2026 accounts
The accounts state that the charity reported a consolidated deficit of £1,595,000 for the year ended 31 March 2026, driven by non-cash charges for depreciation, impairment, and a reduction in the value of investment properties. Despite this deficit, the charity holds unrestricted funds of £13,938,000 and the trustees confirm that sufficient levels of funds exist to continue as a going concern for at least 12 months.
What the accounts disclose
“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.” — page 23
“Trustee remuneration is in accordance with the governing documents of PHQ and has been approved by the Charities Commission. In 2026 six (2025: seven) of the above Trustees were reimbursed a total of £2,018 (2025: £3,934) of expenses in relation to travelling and administration costs incurred during the year. £2,144 (2025: £10,645) was paid directly to third parties.” — page 34
“Rear Admiral Rex Cox is a director of Coastal Forces Heritage Trust. During the year PHQ purchased a membership for £20 (2025: £60 for event tickets).” — page 34
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2026
- Volunteers: 140
- Government income: £600,000 — grants £600,000 (1); 13% of the £4,551,000 total gross income on the same return
- Employees paid over £60,000: 2 (£90,001–£100,000: 1; £130,001–£140,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for acting as trustee
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 96
- Government income: £3,000 — grants £3,000 (1); under 1% of the £4,254,000 total gross income on the same return
- Employees paid over £60,000: 3 (£90,001–£100,000: 2; £110,001–£120,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for acting as trustee
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 105
- Government income: £13,000 — grants £13,000 (1); under 1% of the £3,897,000 total gross income on the same return
- Employees paid over £60,000: 2 (£70,001–£80,000: 1; £100,001–£110,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for acting as trustee
- Has a trading subsidiary
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/03/2024 (received 14/07/2025, 164 days after the 31/01/2025 due date).
Corporate structure
- Registered company of the charity Companies House 01959490
- Trading subsidiary: PORTSMOUTH NAVAL BASE PROPERTY COMPANY LIMITED Companies House 04207508
- Trading subsidiary: PORTSMOUTH NAVAL BASE PROPERTY COMPANY (QUEEN STREET) LIMITED Companies House 04969934
- Trading subsidiary: PORTSMOUTH NAVAL BASE PROPERTY (PRIDDY'S HARD) LIMITED Companies House 06964416 · Financial health read from its filings
- Turnover: £713k
- Profit before tax: £253k
- Donated/gift-aided to the charity: £267k
- Intercompany short term arrangement balance
“Dividend paid by way of Gift Aid (267)”
- Donated/gift-aided to the charity: £473k
“a dividend of £473,000 was paid on 17 November 2026.”
- Turnover: £78k
- Profit before tax: £75k
- Donated/gift-aided to the charity: £75k
- Debtors owed by parent undertaking
“Dividend paid by way of Gift Aid (75)”
Leadership, per the charity’s website
- Hannah Prowse — CEO
- Rear Admiral Rex Cox — Deputy Chair
Company officers (Companies House)
- PERRY, Denise on trustee list
- CROSER, William James on trustee list
- TRICE, Jonathan William Mercer on trustee list
- GOULDING, Mark John on trustee list
- MORRISON, Graham on trustee list
- VERDON, Simon George on trustee list
- FRENCH, Benjamin Edward on trustee list
- GREEN, Helen Judith on trustee list
- TEBA, Tarek, Dr on trustee list
- COX, Rex John on trustee list
- GIBSON, Virginia Adair on trustee list
- PITT, Stephen Mark Christopher on trustee list
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 FY2026 accounts: The accounts state that the charity reported a consolidated deficit of £1,595,000 for the year ended 31 March 2026, driven by non-cash charges for depreciation, impairment, and a reduction in the value of investment properties. Despite this deficit, the charity holds unrestricted funds of £13,938,000 and the trustees confirm that sufficient levels of funds exist to continue as a going concern for at least 12 months. Its FY2026 accounts were audited by Sumer Audit.
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 |
|---|---|---|
| NATIONAL ART COLLECTIONS FUND | 2 | £71k |
| THE PILGRIM TRUST | 2 | £55k |
| THE MASTER CHARITABLE TRUST | 1 | £500k |
| THE MERCERS CHARITABLE FOUNDATION | 1 | £60k |
| THE MICHAEL UREN FOUNDATION | 1 | £60k |
| THE HEADLEY TRUST | 1 | £30k |
| THE DULVERTON TRUST | 1 | £22k |
| THE WARDENS AND ASSISTANTS OF ROCHESTER BRIDGE IN THE COUNTY OF KENT | 1 | £12k |
Charities like this
- THE CHATHAM HISTORIC DOCKYARD TRUST
- EXETER HISTORIC BUILDINGS TRUST
- GREAT YARMOUTH PRESERVATION TRUST
- SHEERNESS DOCKYARD PRESERVATION TRUST
- THE HACKNEY HISTORIC BUILDINGS TRUST
- TOTNES 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 | — | — | unclear | — | no doubt |
| THE CHATHAM HISTORIC DOCKYARD TRUST | £9.8m | — | — | above | — | no doubt |
| EXETER HISTORIC BUILDINGS TRUST | £131k | — | 0 | unclear | — | no doubt |
| GREAT YARMOUTH PRESERVATION TRUST | £486k | — | 0 | unclear | — | no doubt |
| SHEERNESS DOCKYARD PRESERVATION TRUST | £111k | — | — | unclear | — | no doubt |
| THE HACKNEY HISTORIC BUILDINGS TRUST | £197k | — | 0 | unclear | — | no doubt |