THE NEW MEDWAY STEAM PACKET COMPANY LIMITED
Preservation and restoration of the historic Dunkirk veteran paddle steamer 'Medway Queen'. The hull was rebuilt with help from the Heritage Lottery Fund and the vessel returned 'home' in December 2013 to begin the next phase of restoration. The workshop and visitor centre are at Gillingham, Kent. Most expenditure appears as an investment in the value of 'heritage asset under construction'.
Objects
TO ADVANCE PUBLIC EDUCATION IN THE MARTIME HISTORY OF GREAT BRITAIN IN PARTICULAR BY THE RESTORATION AND PRESERVATION OF THE PADDLE STEAMER MEDWAY QUEEN.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted reserves were £37,743, which is below the charity's stated policy target of £40,000. The independent examiner reported incomplete records for the current financial year due to changes in trustees, though the remaining records were deemed satisfactory. The trustees maintain a going concern basis, citing adequate resources for the foreseeable future.
What the accounts disclose
“MQPS will maintain a reserve sum in a separate account (initially the existing CAF deposit account) with two purposes in mind. 1: To provide an operating emergency reserve of approximately 12 months fixed costs. Estimated at £40,000.” — page 8
“I draw your attention to the matter of incomplete records for the current financial year. This has occurred due to changes in the Trustees during the period.” — page 13
“During the financial year the Trustees made cumulative donations to the Charity amounting to £2,158 (2024: £257).” — page 28
“I draw your attention to the matter of incomplete records for the current financial year. This has occurred due to changes in the Trustees during the period.” — page 13
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
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- 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 31/03/2025
- Volunteers: 18
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 30
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 30
Trustees
- Ann West
- BOB STOKES
- Mark Bathurst
- Pam Bathurst
- Richard Paul Halton
- Susan Gent
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £144k | £99k |
| 31/03/2024 | £81k | £99k |
| 31/03/2023 | £87k | £81k |
| 31/03/2022 | £87k | £81k |
| 31/03/2021 | £115k | £44k |
Common questions
Is THE NEW MEDWAY STEAM PACKET COMPANY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted reserves were £37,743, which is below the charity's stated policy target of £40,000. The independent examiner reported incomplete records for the current financial year due to changes in trustees, though the remaining records were deemed satisfactory. The trustees maintain a going concern basis, citing adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.
Who funds THE NEW MEDWAY STEAM PACKET COMPANY LIMITED?
Funders whose own accounts filings name THE NEW MEDWAY STEAM PACKET COMPANY LIMITED as a grant recipient include THE PADDLE STEAMER PRESERVATION SOCIETY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PADDLE STEAMER PRESERVATION SOCIETY | FY2023 | £10k | Supporting Paddle Steamer Medway Queen |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 14/11/2014 | £100k | "Medway Queen transformation project" |
| The National Lottery Heritage Fund | 23/11/2009 | £10k | "Filming of the re-build of the Paddle Steamer Medway Queen at Bristol" |
| The National Lottery Heritage Fund | 22/06/2006 | £1.9m | "Restoration of the Paddle Steamer Medway Queen" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EMERTON-CHRISTIE CHARITY | 1 | £5k |
| THE COLE CHARITABLE TRUST | 1 | £3k |
| THE RYA FOUNDATION | 1 | £450 |
Charities like this
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NEW MEDWAY STEAM PACKET COMPANY LIMITED | £144k | — | — | unclear | — | no doubt |
| PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED | £64k | — | 0 | unclear | — | no doubt |
| MEDWAY WATERSPORTS TRUST LIMITED | £30k | — | 0 | unclear | — | no doubt |