2025-11-30-accounts - The Eric Twiname Trust

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Trustees' Annual Re ort for the eriod p p

Period start date

Period end date

1st Decembe 2024 30th November 2025 From r To

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) Charity's principal address	THE ERIC TWINAME TRUST	THE ERIC TWINAME TRUST



	1002313

	26 Ashcombe Avenue
	Surbiton
	Surrey
	Postcode	KT6 6QA

Names of the charity trustees who manage the charity

Trustee name	Ofce (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Peter Whipp	Chairman		Eric Twiname Trust trustees
John Reed			Eric Twiname Trust trustees
Duncan Truswell			Eric Twiname Trust trustees
Jim Kirkpatrick			Eric Twiname Trust trustees
Jon Denwood			Eric Twiname Trust trustees
Naomi Smith			Eric Twiname Trust trustees
Bruce Aitken	Secretary		Eric Twiname Trust trustees









		1	March2012

Names and addresses of advisers (Optional information)

Type of adviser	Name Address	Name Address
Independent Examiner	CMA Simon FCA	13 Malt House Close, Old Windsor, Berkshire SL4 2SD
Bankers	HSBC Bank plc	74 High Street, Alton, Hampshire GU34 1EZ


Name of chief executive or names of senior staf members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Trust Deed - dated 9[th] January 1991 as amended by Type of governing document Supplemental Deed dated 6[th] October 2010. (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) New trustees are appointed by the full committee of existing Trustee selection methods trustees, after instigating appropriate background checks and (eg. appointed by, elected by) references, and being satisfied that any candidate will contribute to the successful management and charitable objectives of the trust. As the trust was set up in memory of Eric Twiname, renowned dinghy sailor, journalist and author, due regard is placed on a candidate’s empathy with the trust’s aims to perpetuate Eric’s diverse sailing interests, principally those that arose out of his teaching and coaching of young dinghy sailors.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

All trustees give their time voluntarily and receive no remuneration or expenses. The day-to-day management of the trust is vested in the secretary whilst all decisions involving funding and grants are made on a majority voting basis.

The trustees can confirm that any major risks identified as being those to which the charity might be exposed have been and are continually reviewed, with procedures in place to manage them. The trustees can also confirm that there have been no serious incidents during 2025 that should have been drawn to the Charity Commission’s attention.

March 2012

TAR

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public beneft in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public beneft)	To organise, provide or assist in the organisation and provision of facilities which will enable and encourage pupils of schools and universities in the United Kingdom to sail or yacht race or to participate in any activity associated solely with yachting thereby to assist in ensuring that due attention is given to the physical education and development of such pupils as well as to the developmentand occupationof their minds.
	Major activities include the funding of the purchase of training dinghies and equipment for sailing clubs and associations. Particular regard is paid to those organisations that are unable to raise all the necessary funds for such equipment and notably to assist disadvantaged youngsters to access and beneft from the sport of sailing. Emphasis is placed on the ‘grass roots’ end of the sport and the need to provide encouragement to clubs to help youngsters on to the water. The trust also provides fnancial support for the cost of two premier national annual sailing championship events. (see Section D below). _Declaration:_The trustees can confrm that in their support for the amateur sport of youth sailing they have complied with their duty to have due regard to the Commission’s guidance on public beneft.

Summary of the objects
of the charity set out in
its governing document
Summary of the main
activities undertaken for
the public beneft in
relation to these objects
(include within this
section the statutory
declaration that trustees
have had regard to the
guidance issued by the
Charity Commission on
public beneft)

To organise, provide or assist in the organisation and provision
of facilities which will enable and encourage pupils of schools
and universities in the United Kingdom to sail or yacht race or to
participate in any activity associated solely with yachting
thereby to assist in ensuring that due attention is given to the
physical education and development of such pupils as well as to
the developmentand occupationof their minds.

Major activities include the funding of the purchase of training
dinghies and equipment for sailing clubs and associations.
Particular regard is paid to those organisations that are unable
to raise all the necessary funds for such equipment and notably
to assist disadvantaged youngsters to access and beneft from
the sport of sailing. Emphasis is placed on the ‘grass roots’ end
of the sport and the need to provide encouragement to clubs to
help youngsters on to the water.
The trust also provides fnancial support for the cost of two
premier national annual sailing championship events. (see
Section D below).
_Declaration:_The trustees can confrm that in their support for
the amateur sport of youth sailing they have complied with their
duty to have due regard to the Commission’s guidance on
public beneft.

Additional details of objectives and activities (Optional information)

The trust’s policy on grant making is firstly to ensure that with any application it will be pupils in full-time education that will
You may choose to include benefit. Secondly the aim is always to put such grants to
further statements, where optimum effect by maximising funding across as many worthy
relevant, about: recipients as possible, whilst always ensuring that it provides a
policy on grantmaking; long lasting benefit. As such the trust does not provide grants to  policy programme related individuals - only to bone-fide sailing organisations. investment; Where applicants cannot satisfy trust criteria for a grant, as far
contribution made by as possible an explanation is given in response and advice volunteers. offered as to what alternatives (including approaching other relevant charities) there are to help them pursue their aims and raise the necessary funds.

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Dinghies for Club Training – during 2025 the trust has made partial or full grants to some 10 clubs, to assist with the purchase of a total of 22 new dinghies, 6 used dinghies and 2 new sailboards.

Within this total is a 15[th ] successive RS Tera scheme whereby the trust subsidises each dinghy (total of 25 boats per project), whilst the manufacturer also heavily discounts its normal retail price. Aimed at the ‘grass roots’ end of the sport, notably to clubs that encourage local community participation and support for disadvantaged children, this initiative has helped a large number of youngsters on to the water with the establishment of Junior fleets and Junior race training programmes.

In addition, also within the club training dinghy total above, is a 1[st] RS Feva Scheme, along the same lines as per the Tera scheme but with a maximum of 16 boats, all of them also being made available to sail at the Team Racing Championships (-see below). This is an exciting new development which promotes two handed sailing (helmsman and crew).

Other Grants – in addition to the above, grants were awarded to 2 clubs, one towards the cost of Level 2 Race coaching, and another towards the cost of the Promotion, Coordination and Advancement of Student Windsurfing in the UK.

RYA Eric Twiname Championships – the trust contributes significantly to the cost of this premier national multi-class annual event. It usually attracts up to 300 junior competitors aged between 8 and 15, representing the nine RYA regions and competing in five dinghy/ four windsurfer classes. In 2025 this event was again held successfully at Rutland Sailing Club.

RYA Eric Twiname Youth & Junior Team Racing Championships – the trust contributes significantly towards the cost of this annual event run over a weekend in October at Farmoor Reservoir, home of Oxford Sailing Club. This year saw overall entries of 62 teams entered by clubs, class associations and schools and comprising of 3 categories, Youth (u19), Junior (u17) and Super Junior (u15)

Section E Financial review

The trust’s reserves policy is to retain a sensible level of capital Brief statement of the for future funding. This is primarily aimed at maintaining the charity’s policy on regular financial support the Trust gives to two annual sailing reserves championships as well as a general level of grants awarded annually for the purchase of dinghies and equipment. Generally the aim is for up to 7 year’s planned expenditure to be maintained. Additional revenue is derived from fundraising events and donations. Details of any funds None materially in deficit

Further financial review details (Optional information)

March 2012

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You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
The trust’s income derived originally from the investment legacy of Eric Twiname’s father but has since been bolstered by at least two other significant legacies and two major donations. Dividend and interest payments are relied upon for regular income, with sales of assets such as unit trusts instigated only as and when required. A financial sub-committee of three trustees looks after the trust’s investments.
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Peter Thomas Whipp	Peter Bruce Aitken
	Chairman	Secretary
	21 January 2026

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Registered Charity No. 1002313

THE ERIC TWINAME TRUST

RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 30 NOVEMBER 2025

C.M.A.Simon F.C.A. 13 Malt House Close Old Windsor Berkshire SL4 2SD

THE ERIC TWINAME TRUST

Independent Examiner's Report to the Trustees of The Eric Twiname Trust

I report to the trustees on my examination of the accounts of The Eric Twiname Trust (the Trust) for the year ended 30 November 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

13 Malt House Close Old Windsor Berkshire SL4 2SD

C.M.A.Simon F.C.A.

Date:

THE ERIC TWINAME TRUST

RECEIPTS AND PAYMENTS ACCOUNT

YEAR ENDED 30 NOVEMBER 2025

Unrestricted Funds General Investment Fund Fund £ £ 437 - 26 - 14,318 - 16,772 581 - 32,134 - 32,134 - ========= ========= 216 - 18,700 - 9,000 18,500 - 8,000 - 12,900 - 1,588 - - - 68,904 - 68,904 - ========= ========= (36,770) - 475,060 - 438,290 - ======== ========	Unrestricted Funds General Investment Fund Fund £ £ 437 - 26 - 14,318 - 16,772 581 - 32,134 - 32,134 - ========= ========= 216 - 18,700 - 9,000 18,500 - 8,000 - 12,900 - 1,588 - - - 68,904 - 68,904 - ========= ========= (36,770) - 475,060 - 438,290 - ======== ========
General Fund £ 437 26 14,318 16,772 581 32,134 32,134 ========= 216 18,700 9,000 18,500 8,000 12,900 1,588 - 68,904 68,904 ========= (36,770) 475,060 438,290 ========

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THE ERIC TWINAME TRUST

STATEMENT OF ASSETS AND LIABILITIES

AT 30 NOVEMBER 2025

Unrestricted Funds General Investment Fund Fund £ £ 402,584 - 35,706 - 438,290 - - 331,740 1,284 - 8,000 - 431,574 331,740 ======== ========
General Fund £ 402,584 35,706 438,290 - 1,284 8,000 431,574 ========




	=	=

Approved by the Trustees on 21st January 2026 and signed on behalf of all the trustees:

…………………………………….. Trustee

Page 3

THE ERIC TWINAME TRUST

NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS

YEAR ENDED 30 NOVEMBER 2025

1. Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with S.133 of the Charities Act 2011.

These accounts have been prepared on the Receipts and Payments basis, as permitted by the Charities Act 2011.

2. Accounting policies

2.1 Fund accounting

The charity maintains various types of funds as follows:

Investment Fund:

The Investment Fund is the amount designated by the Trustees for long term investment.

General Fund:

The General Fund comprises the monies that may be used in the furtherance of the Charity's objectives at the discretion of the Trustees.

2.2 Investments

Investments are stated at market value at the year end date.

3. Grants to sailing organisations Debdale Outdoor Activity Club Pennine S C Student Windsurfing Association Delph S C York University S C Bassenthwaite S C Covenham S C NE and Yorkshire Sailing Association Aberdeenshire Sailing Trust 4. Administration Printing, stationery, postage, etc. Website maintenance Insurance Bank charges AGM costs 5. Investments Authorised Unit Trusts Summary: At 1st December 2024 Cost Unrealised gains Net appreciation over the year Market Value at 30th November 2025		2025 £ 6,900 4,500 1,000 500 12,900 ======= 110 133 420 45 880 1,588 ======= 160,228 130,463 290,691 41,049	2024 £ 2,500 2,000 2,000 842 500 7,842 ======= 21 168 420 60 693 1,362 ======= 160,228 100,906 261,134 29,557	2024

		331,740 £ =======	290,691 £ =======

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Registered Charity No. 1002313

THE ERIC TWINAME TRUST

RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 30 NOVEMBER 2025

C.M.A.Simon F.C.A. 13 Malt House Close Old Windsor Berkshire SL4 2SD

THE ERIC TWINAME TRUST

Independent Examiner's Report to the Trustees of The Eric Twiname Trust

I report to the trustees on my examination of the accounts of The Eric Twiname Trust (the Trust) for the year ended 30 November 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records.

13 Malt House Close Old Windsor Berkshire SL4 2SD

C.M.A.Simon F.C.A.

Date:

THE ERIC TWINAME TRUST

RECEIPTS AND PAYMENTS ACCOUNT

YEAR ENDED 30 NOVEMBER 2025

Unrestricted Funds General Investment Fund Fund £ £ 437 - 26 - 14,318 - 16,772 581 - 32,134 - 32,134 - ========= ========= 216 - 18,700 - 9,000 18,500 - 8,000 - 12,900 - 1,588 - - - 68,904 - 68,904 - ========= ========= (36,770) - 475,060 - 438,290 - ======== ========	Unrestricted Funds General Investment Fund Fund £ £ 437 - 26 - 14,318 - 16,772 581 - 32,134 - 32,134 - ========= ========= 216 - 18,700 - 9,000 18,500 - 8,000 - 12,900 - 1,588 - - - 68,904 - 68,904 - ========= ========= (36,770) - 475,060 - 438,290 - ======== ========
General Fund £ 437 26 14,318 16,772 581 32,134 32,134 ========= 216 18,700 9,000 18,500 8,000 12,900 1,588 - 68,904 68,904 ========= (36,770) 475,060 438,290 ========

==	===	==	==

==	===	==	==
		=	=

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THE ERIC TWINAME TRUST

STATEMENT OF ASSETS AND LIABILITIES

AT 30 NOVEMBER 2025

Unrestricted Funds General Investment Fund Fund £ £ 402,584 - 35,706 - 438,290 - - 331,740 1,284 - 8,000 - 431,574 331,740 ======== ========
General Fund £ 402,584 35,706 438,290 - 1,284 8,000 431,574 ========




	=	=

Approved by the Trustees on 21st January 2026 and signed on behalf of all the trustees:

…………………………………….. Trustee

Page 3

THE ERIC TWINAME TRUST

NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS

YEAR ENDED 30 NOVEMBER 2025

1. Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with S.133 of the Charities Act 2011.

These accounts have been prepared on the Receipts and Payments basis, as permitted by the Charities Act 2011.

2. Accounting policies

2.1 Fund accounting

The charity maintains various types of funds as follows:

Investment Fund:

The Investment Fund is the amount designated by the Trustees for long term investment.

General Fund:

The General Fund comprises the monies that may be used in the furtherance of the Charity's objectives at the discretion of the Trustees.

2.2 Investments

Investments are stated at market value at the year end date.

3. Grants to sailing organisations Debdale Outdoor Activity Club Pennine S C Student Windsurfing Association Delph S C York University S C Bassenthwaite S C Covenham S C NE and Yorkshire Sailing Association Aberdeenshire Sailing Trust 4. Administration Printing, stationery, postage, etc. Website maintenance Insurance Bank charges AGM costs 5. Investments Authorised Unit Trusts Summary: At 1st December 2024 Cost Unrealised gains Net appreciation over the year Market Value at 30th November 2025		2025 £ 6,900 4,500 1,000 500 12,900 ======= 110 133 420 45 880 1,588 ======= 160,228 130,463 290,691 41,049	2024 £ 2,500 2,000 2,000 842 500 7,842 ======= 21 168 420 60 693 1,362 ======= 160,228 100,906 261,134 29,557	2024

		331,740 £ =======	290,691 £ =======

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