PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED
Preservation and restoration of the Paddle Steamer Kingswear Castle to enable as wide a selection of the public as possible to gain experience of sailing in paddle steamers and exploring them, Maintenance of artefacts and documents relating to the Paddle Steamer Kingswear Castle and other paddle steamers.
Objects
FOR THE PUBLIC BENEFIT TO ACQUIRE, PRESERVE AND EXHIBIT IN SAILING CONDITION OR OTHERWISE ONE OR MORE EXAMPLES OF PADDLE STEAMERS OR PADDLE PROPELLED VESSELS (HEREINAFTER CALLED "PADDLE STEAMERS") AND TO ACUIRE, PRESERVE AND EXHIBIT A COLLECTION OF MARINE EQUIPMENT AND OTHER APPURTENANCES AND MATERIAL ASSOCIATED WITH THEM WITH A VIEW TO EDUCATING THE PUBLIC IN THE HISTORICAL SIGNIFICANCE OF PADDLE STEAMERS IN THE NATION'S MARITIME AND INDUSTRIAL HERITAGE.
Financial health, per its FY2025 accounts
The accounts state a surplus of £19,778 for the year, with total net assets increasing to £1,052,353. The charity holds unrestricted income funds of £205,586 and restricted funds of £415,045, while maintaining a revaluation reserve of £431,665. The trustees note the need to maintain sufficient reserves for unforeseen issues, particularly unplanned mechanical work, while focusing on completing a major refit.
What the accounts disclose
“The Trustees continue to be mindful of the need for PSKCT to maintain sufficient reserves to see the Trust through any unforeseen issues, particularly the need for unplanned mechanical work.” — page 6
“The company is a subsidiary of The Paddle Steamer Preservation Society (PSPS) which holds the majority (55) of its issued shares. There are 11 partly paid shares held by others - J H Megoran - 3 shares; G F Hundy - 3 shares; J M Gold - 3 shares and R § Martin - 2 shares.” — page 5
“Notes 2 and 3 detail various income from branches of the PSPS and from central funds. At 31 October 2025 £3,033 was accrued representing donations and gift aid for PSKCT received centrally by the PSPS. This was transferred in December 2025.” — page 15
“The company is a subsidiary of The Paddle Steamer Preservation Society (PSPS) which holds the majority (55) of its issued shares. There are 11 partly paid shares held by others - J H Megoran - 3 shares; G F Hundy - 3 shares; J M Gold - 3 shares and R § Martin - 2 shares.” — page 5
“Notes 2 and 3 detail various income from branches of the PSPS and from central funds. At 31 October 2025 £3,033 was accrued representing donations and gift aid for PSKCT received centrally by the PSPS. This was transferred in December 2025.” — page 15
“The company is a subsidiary of The Paddle Steamer Preservation Society (PSPS) which holds the majority (55) of its issued shares. There are 11 partly paid shares held by others - J H Megoran - 3 shares; G F Hundy - 3 shares; J M Gold - 3 shares and R § Martin - 2 shares.” — page 5
“Notes 2 and 3 detail various income from branches of the PSPS and from central funds. At 31 October 2025 £3,033 was accrued representing donations and gift aid for PSKCT received centrally by the PSPS. This was transferred in December 2025.” — page 15
Policies the charity declares
- 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
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/10/2025
- Volunteers: 1
Self-declared on the annual return for the financial year ending 31/10/2024
- Volunteers: 1
Self-declared on the annual return for the financial year ending 31/10/2023
- Volunteers: 1
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Trustees
- JOHN HUGH MEGORANchair
- Ashley William Gill
- Frank Dennis Snart
- Paul William Semple
- RICHARD WILLIAM CLAMMER
- TIMOTHY WILLIAM CORTHORN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £64k | £45k |
| 31/10/2024 | £61k | £25k |
| 31/10/2023 | £47k | £28k |
| 31/10/2022 | £103k | £20k |
| 30/04/2021 | £26k | £10k |
Common questions
Is PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state a surplus of £19,778 for the year, with total net assets increasing to £1,052,353. The charity holds unrestricted income funds of £205,586 and restricted funds of £415,045, while maintaining a revaluation reserve of £431,665. The trustees note the need to maintain sufficient reserves for unforeseen issues, particularly unplanned mechanical work, while focusing on completing a major refit. Its FY2025 accounts were audited by Henderson & Company.
Who funds PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED?
Funders whose own accounts filings name PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED as a grant recipient include THE PADDLE STEAMER PRESERVATION SOCIETY.
Shared trustees with funders
- Ashley William Gill — trustee here and at THE PADDLE STEAMER PRESERVATION SOCIETY
- JOHN HUGH MEGORAN — trustee here and at THE PADDLE STEAMER PRESERVATION SOCIETY
- Paul William Semple — trustee here and at THE PADDLE STEAMER PRESERVATION SOCIETY
- RICHARD WILLIAM CLAMMER — trustee here and at THE PADDLE STEAMER PRESERVATION SOCIETY
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PADDLE STEAMER PRESERVATION SOCIETY | FY2025 | £200k | Grant for Phase 2 of rebuild |
| THE PADDLE STEAMER PRESERVATION SOCIETY | FY2025 | £29k | Grants for P.S. Kingswear Castle |
| THE PADDLE STEAMER PRESERVATION SOCIETY | FY2022 | Unverified read£26k | Supporting Paddle Steamer Kingswear Castle (Branch donations and fundraising charter) |
| THE PADDLE STEAMER PRESERVATION SOCIETY | FY2021 | £6k | Grants for P.S. Kingswear Castle |
| THE PADDLE STEAMER PRESERVATION SOCIETY | FY2023 | £5k | Supporting Paddle Steamer Kingswear Castle (Wessex and Dart branch grant) |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 16/06/1999 | £79k | "Paddle Steamer Kingswear Castle - Reboilering" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEADLEY TRUST | 1 | £5k |
Charities like this
- THE PADDLE STEAMER PRESERVATION SOCIETY
- ARUNDEL CASTLE TRUSTEES LIMITED
- PENGERSICK HISTORIC & EDUCATION TRUST
- THE STEAM TUG KERNE PRESERVATION SOCIETY LIMITED
- PAINTER STAINERS FINE ART TRUST FUND
- HERNE BAY PIER TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED | £64k | — | 0 | unclear | — | no doubt |
| THE PADDLE STEAMER PRESERVATION SOCIETY | £5.7m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| ARUNDEL CASTLE TRUSTEES LIMITED | £5.9m | £100,001 - £110,000 | — | unclear | — | no doubt |
| PENGERSICK HISTORIC & EDUCATION TRUST | £108k | — | 0 | unclear | — | no doubt |
| THE STEAM TUG KERNE PRESERVATION SOCIETY LIMITED | £89k | — | 0 | within | — | no doubt |
| PAINTER STAINERS FINE ART TRUST FUND | £5k | — | 0 | unclear | — | no doubt |