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PADDLE STEAMER KINGSWEAR CASTLE TRUST LIMITED

Registered charity 299931 · accounts filings on the Charity Commission register · also known as PADDLE STEAMER KINGSWEAR CASTLE

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.

Causes: Environment/conservation/heritage · website · Get email alerts

Latest income
£64k
Latest spending
£45k
Registered
1988
Accounts read
FY2025

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.

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

What the accounts disclose

Reserves policy: unclear (held: £206k)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The company is a subsidiary of The Paddle Steamer Preservation Society (PSPS) which holds the majority (55) of its issued shares.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Income from PSPS branches and central funds, including a grant for refit costs.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: In-house labour provided by Dartmouth Steam Railway and River Boat Company for refit work.
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Henderson & Company. Discloses 5 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Devon · Kent · Medway

Income and spending

Financial year endIncomeSpending
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

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE PADDLE STEAMER PRESERVATION SOCIETYFY2025£200kGrant for Phase 2 of rebuild
THE PADDLE STEAMER PRESERVATION SOCIETYFY2025£29kGrants for P.S. Kingswear Castle
THE PADDLE STEAMER PRESERVATION SOCIETYFY2022£26kSupporting Paddle Steamer Kingswear Castle (Branch donations and fundraising charter)
THE PADDLE STEAMER PRESERVATION SOCIETYFY2023£5kSupporting Paddle Steamer Kingswear Castle (Wessex and Dart branch grant)

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund16/06/1999£79k"Paddle Steamer Kingswear Castle - Reboilering"