THE NEW MEDWAY STEAM PACKET COMPANY LIMITED

Registered charity 296236 · accounts filings on the Charity Commission register · also known as MEDWAY QUEEN PRESERVATION SOCIETY, NEW MEDWAY QUEEN STEAM PACKET CO 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'.

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£144k
Latest spending
£99k
Registered
1987
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total unrestricted funds decreased from £46,065 to £37,743 during the year, falling below the trustees' stated target reserve of £40,000. Despite this shortfall against policy, the trustees confirmed adequate resources for going concern with no material uncertainties identified. The charity reported a net income of £45,492, driven significantly by donations and legacies.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Audit opinion: qualified
“I draw your attention to the matter of incomplete records for the current financial year.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees made cumulative donations to the charity.
“During the financial year the Trustees made cumulative donations to the Charity amounting to £2,158 (2024: £257). There were no other related party transactions in the current or prior year.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Independent examiner noted incomplete records for the current financial year due to changes in Trustees.
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent · Medway · Swindon

Income and spending

Financial year endIncomeSpending
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 funds decreased from £46,065 to £37,743 during the year, falling below the trustees' stated target reserve of £40,000. Despite this shortfall against policy, the trustees confirmed adequate resources for going concern with no material uncertainties identified. The charity reported a net income of £45,492, driven significantly by donations and legacies. 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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE PADDLE STEAMER PRESERVATION SOCIETYFY2023£10kSupporting Paddle Steamer Medway Queen

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund14/11/2014£100k"Medway Queen transformation project"
The National Lottery Heritage Fund23/11/2009£10k"Filming of the re-build of the Paddle Steamer Medway Queen at Bristol"
The National Lottery Heritage Fund22/06/2006£1.9m"Restoration of the Paddle Steamer Medway Queen"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
Royal Warrant Holders' Charity1£5k
SIR JEREMIAH COLMAN GIFT TRUST1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Portsmouth Historic Quarter Trust.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE NEW MEDWAY STEAM PACKET COMPANY LIMITED£144k—0unclear—no doubt
Portsmouth Historic Quarter Trust FY2025£4.6m£90,001 - £100,000—above—no doubt
Vigilance of Brixham FY2025£688k—0above—noted
THE WARDENS AND ASSISTANTS OF ROCHESTER BRIDGE IN THE COUNTY OF KENT FY2025£3.9m——unclear—no doubt
THE MEDWAY LEAGUE OF FRIENDS FY2025£2.1m—0unclear—no doubt
KEMPTON GREAT ENGINES TRUST LIMITED FY2025£154k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.