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'.

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.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Registered contact address: Medway, South East, England (from the postcode on the register)

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

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.

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

What the accounts disclose

Reserves policy: approximately 12 months fixed costs. Estimated at £40,000 (reserves figure: £38k)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Audit opinion: qualified
“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.
Related-party transaction: Trustees made cumulative donations to the Charity amounting to £2,158
“During the financial year the Trustees made cumulative donations to the Charity amounting to £2,158 (2024: £257).” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Independent examiner reported incomplete records due to trustee changes.
“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.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

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 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

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
EMERTON-CHRISTIE CHARITY1£5k
THE COLE CHARITABLE TRUST1£3k
THE RYA FOUNDATION1£450

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE NEW MEDWAY STEAM PACKET COMPANY LIMITED£144k——unclear—no doubt
PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED FY2025£64k—0unclear—no doubt
MEDWAY WATERSPORTS TRUST LIMITED FY2026£30k—0unclear—no doubt

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