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2025-10-31-accounts

Thames Sailing Barge Trust (TSBT Sailing & Charters Ltd ) Trustee Annual Report for financial year ended October 25

Charity Number 1102840 Registered Address 2 High Street Burnham-on Crouch CM0 8AA

Charitable objectives

  1. TO PRESERVE AND MAINTAIN FOR THE PUBLIC BENEFIT ONE OR MORE THAMES SAILING BARGES IN SAILING CONDITION OR OTHERWISE AS PART OF THE HERITAGE OF GREAT BRITAIN;

  2. TO PRESERVE AND MAINTAIN FOR THE PUBLIC BENEFIT THE THAMES LIGHTER NAMED "SAILORMAN" IN GOOD CONDITION OR OTHERWISE AS PART OF THE HERITAGE OF GREAT BRITAIN;

  3. TO ADVANCE THE EDUCATION OF THE PUBLIC AS TO THE HISTORIC AND CULTURAL ROLE OF THAMES SAILING BARGES IN THE SEAGOING HERITAGE OF GREAT BRITAIN AND TO PROVIDE TRAINING IN AND PRACTICE OF THE TRADITIONS AND SKILLS AND SEAMANSHIP INVOLVED IN THE SAILING HANDLING AND MAINTENANCE OF THAMES SAILING BARGES IN THE WATERS TRADITIONALLY SAILED BY THEM.

Trustees

  1. Michael Nolan – Chairman

  2. Gerald Moore

  3. David Perkins

  4. Alan Coday

  5. Christopher Martin

At the AGM on 25[TH] April 2026 the following were elected as Trustees

  1. Ashley Filer

  2. John Rayment

As well as the 7 Trustees there are additional members of a management committee covering (amongst others) the following areas

  1. Treasurer

  2. Marketing

  3. Bookings/Public liaison

  4. Sales

  5. Training 6. Crewing

The Trustees hold meetings as and when required to discuss urgent matters but will always hold a minimum of two meetings per annum. The wider management committee holds monthly meetings.

When Trustees are recruited expertise and experience is sought from those who have knowledge of Thames Sailing Barges, the wider area of sailing and also those who have no experience of these but who have expertise in other important areas gained in their professional lives.

Activities and objectives in the year

The period covered by this report was an extremely busy one over the whole of the Trust’s activities.

Both barges, Pudge and Centaur were out sailing regularly during our season (April to October). The trips ranged from one day sails, through weekends, and cruises lasting a few days to a couple of weeks. There was a mixture of public sails and also private hires. The highlight was Pudge taking part in the 85[th] Commemoration of the evacuation of Dunkirk, arranged by the Little Ships of Dunkirk Association. The trip was extremely well received by the public and there was an enormous interest generated whilst she was moored in Dunkirk. Unfortunately (or fortunately depending on your point of view) the weather delayed the return journey by a few days but the whole trip was extremely successful. Pudge also operated out of Queenborough for a few weeks which opened up different routes and again was well received. Centaur concentrated on shorter sails and was unfortunately hindered by bad weather

in the early part of the season. Pudge was also a regular in the Thames Barge races held throughout the summer and ended up in 1[st] place in the Coasting Barges category and 4[th] place overall.

As well as engaging with the public on the sails there were numerous other activities which helped inform the public about the Trust, the work it does and the barges we own. Some of the Trustees and other volunteers give regular talks to various groups (e.g. U3A, W.I., Sailing groups). The Trust continued with its very successful Children’s Activity Days during the school holidays and introduced two new days this year involving a storyteller and art workshops. There has also been visits by local groups e.g. scouts and a continuation of the links established with the Blackwater Sailing Club.

On the maintenance side Pudge continued to have worked carried out following on from the major refit a couple of years ago. The skippers and passenger cabins were upgraded and a new topmast was required. Other work is mentioned below.

Centaur was kept ticking over with routine maintenance. The Trustees and Management Committee have made the decision to carry out a major refurbishment subject to the necessary funds being available. An application to the Heritage Lottery Fund has been made for a grant to facilitate these works. We were successful at the first stage and are now actively working with HLF on the next stage, although any work will not start until latter part of 2027.

Sailorman was scheduled to go into drydock and be surveyed during 2025 but this was delayed until 2026.

The training programme which was established to develop third hands, mates and eventually skippers, was active throughout the year and received a boost with a grant of £19,600 from Trinity House.

Financial Performance

Key Performance Indicators

2025 Key Points

Bank balances remain good.

Consolidated Income & Expenditure 2024 v 2025 Con•olldat•d Incom• & Exp•ndlur• 2024 v 2025 In¢orn• •olllng Vprorv 74).ffj•I Con¥olltlotd In¢om & Expendlture 2024 v 2025 17.¥lP• 1.•*4 Total TSBT - Maln Income Streams 2025

Covering Boards/ Black tanks £9,760 • Top Mast(s) £7,310* • Plumbing £7,010

CHARITY COMMISSION FOR ENGLAM) AM) WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Roport to I￿￿t0•I m•mb•r• of Thames Saih'ng Barg• Trust On a¢¢ou•ts for th• y••r end•d 31 Occthr 2025 Charlty no (If •nyl 1102840 S•t out on p•9•8 1105 I report lo the trustees my ex•min•tion of the •ccounts of thts ab charity Ilh8 Tru￿) for fv yogr erKlgd 3111fX2025. R￿PO￿lIbIlItI￿ nd l)•sl• of r•port As th ¢horty'$ trLLStees, you are resporK8ible for the preparation oftl acr￿jrrt8 in acct￿d#rbcO Wrth thè w￿r￿ments ofthè c￿r￿leS Act 2011 I'the Wl. I report in ol my examin•li¢)n crfthe Trust's accounts carl￿d OLrt der section 145 of the 2011 A¢t and in carrying out my examination. I have folltywed 011 the apF4icgtk Directions gNen by th? Chanty Commi88i( und8r séthon 14515llb) of the Ad. Indopondont examlnees statement I have my •x¥mination. I confim that no Mat￿81 m8tter8 have cLsme to my atten1￿n in connection with the examnalion (other than that ¢Jisdos¢d bolcw") whth glves me CO￿ lo belie￿ thal In, any mat•dal tho accounb.ffj records wer• nol keFt in accordance wlth section 130 of Chanhes ALt'. or the 4ccount$ rnt accud vAth acuwl¢rKJ records., or the accounls not cOM￿Y with the applicable requiremgnts concemirvJ the fom and ¢Mlent ol account¥ set out In t￿ Charities (Accounts and Rep￿ts) Regulations 2008 other than any requirement that the •cts)unts give 4 Iru• •rtrJ fair, which 18 not a matter ¢￿SIdered as part crf an irKleFendent examinatwjn. I h•v• no wn¢em8 afKI have a¢xw malters in connedion examinth'on lo which èttentTrtin shoukl be drawn in thi$ report In d•r lo •nabl8 a kyowr understanding of the acc4Junts to ￿ rexhed. s in lh8 brockets rflhey ¢k) not oppty. S*n•d: 24 Jun• 2026 R•l•vanl prof•••lonal As%Jciaknn of Chartwed ca￿ Ac¢ourtants quallll¢•tlon(81 ¢r body (If •nyl: Addr•￿. Xein•Jin S￿jIh Ea8t Limited IER Oct 2018

2 Hvjh Street, Bumham on Crouth. Essex CMO 8AA Section B Disclosure Only complete if the examiner needs lo highlight rnaterial matters of con￿rn Isee CC32. lThJeFend•nl examinatm of ¢h¥rty 8£cfAnts.' th"rectrons guidance for examiners). Glve hfrre brf•f d•l•ll$ of any it¢ms that th• •xamln•r wlsh•• to dlsclo8e. IER O¢t 2018

Compony registration number 04726591 (England and Waksl THAMES SAILING BARGE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 OCTOBER 2025 PAGES FOR FILING WITH REGISTRAR

THAMES SAILING BARGE TRUST CONTENTS Page Babnce Sheet and notes lo the ffinan)￿ swernents

THAMES SAILING BARGE TRUST BALANCE SHEET AS AT 30 OCTOBER 2025 2025 2024 Fix8d assets 450.1￿0 450,LXM) Current 05501$ 328,215 321.984 Prepayments and accwed income 4.381 Cred￿Or8.. 8mounls f8111ng du8 wbthln on8 year 115,6721 113.4WI Nel Gurrent a55els 319.163 312.875 Told 8SS818 CU￿ent liabilit￿8 769.163 762.875 Nel a5$0ts 769.163 762.875 Resarv88 769,163 762,875 Not￿ to the fln4Thclal statomonts Employe0• The averag8 number of Por8￿$, Incknllr*J dlreclors, oftwbyed by th6 OJnP8ny dts￿n9 th6 ye8r wa$ 0$ follows.. 2025 Numb•r 2024 Numb•r Empby888 Thame$ Soiling Barye Trusi 1$ 0 prwo¢e eompany limrteLI by gu#ranleo in Efigl8nd ¥nLI W8le$. Tho registered office 1$ 2 High Street, Bvmham On cr￿h, E￿x, Englar￿, CMO For the year 8nd8d 30 October 2025 th8 ctympany w85 entided to from autht under 58Ction 477 of the C￿paniesAcI 2006 relating lo small ¢oryan￿s. The dir8Ctors ackna￿ertSe their reSponsibl￿eS for o)ftWylng wth the requirements c4 the Compan188 Act 2CM)8 wllh respect to accounting records and the praparation of finanaal swt8ments. The members have ￿>t required th8 ￿rry￿r)Y lo obiain 8n owlit of rts finarK>81 $wements for yeaf in Quest￿ in accordance Mlh section 476. These finanaal slalemenls have been prepared in Kcordance wth Ihe MiCr￿n￿ty and in accordance with FRS 105'The Finanryal Repoitsng Stan¢J8rd a￿￿able lo the Microotbtstses Regirne.. have been delivere(J in accordance with the pwgon5 ￿p￿1¢a￿e to companEs subpx to Ihe sThall companie5 regirrie. The directors of the company have elected not lo Ind￿je 8 copy of the irKxTh and expenditure acwjnl wlhin th8 financial stalernents.

THAMES SAILING BARGE TRUST BALANCE SHEET {CONTINUED) AS AT 30 OCTOBER 2025 The finaniial stalernents were atwved by Ihe iKb8rd of WKI dutt￿Sed tr i55ue on 24 J￿e 2026 and afe signed on its behaH by". mrGcm￿re Dlrèctor C￿npanY registration number 04726591 IEnglarKJ and Wak51

REGISTERED COMPANY NUMBER.. 07550326 REGISTERED CHARITY NUMBER: 1102840 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IXTOBER 2025 FOR ThAMES SAILING BARGE TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE)

THAMES SAILING BARGE TRUST LIM￿ED CONTENTS OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Page Statement of Financial Activities Balance Sheet Note5 to the Financial Statement5 3to6

THAMES SAILING BARGE TRUST LIMITED STATEMENT OF FINANCIAL ACTivmES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2025 2025 Totsl Funds 2024 Total Funds Ilnrestricted Restirted Fund Fund INCOME AND ENDOWMENTS FROM Donations and legacies Granis Charltable actlvltles supply of services 32.213 1.913 17.860 34,126 272.653 17,860 2.S 59.041 91.254 59,041 53,468 19.773 111.027 328,621 EXPENDITURE ON Charltable actlvltles Maintenance and repairs other 51.668 35,211 86.879 51.668 17,860 53,071 17.860 104,739 35.S31 41,085 76,616 NEf INCOMEIIEXPENDITUREI 4.375 1.913 6.288 252.L¥)5 RECONCILIATION OF FUNDS Totsl funds brought forward Transler ¢41 reserves Re¥aluatlon ol 760.719 2.156 762,875 510.870 TOTAL FUNDS CARRIED FORWARO 765,094 4.069 769,163 762,87S Page I

THAMES SAILING BARGE TRUST LIM￿ED BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2025 Z025 Totsl FurK15 2024 Totsl Fund5 Unrestricted Restirted Fund Fund FIXED ASSETS 450.LXK) 450.L CURRENT ASSETS Prepayments and accrued income Debtors Cash at bank and in hand 6.620 316 321.088 328.024 6.620 316 6,811 327.899 6,811 334.835 4.381 321,984 326,365 CREDITORS Amounts falllng due wSthin one year 115.6721 115.6721 115.6721 0 115.6721 I13,4￿¥ I13.4￿ NET CURRENT ASSErs 312.352 6Jll 319.163 312.875 TOTAL NET ASSETS 762.352 6AII 769.163 762.875 FUNDS Unrestrfjcted funds Restrlcted funds 762.352 762.352 6.811 6.811 6,811 769.161 760,717 2.IS8 762.875 762.352 The chèrltèble Company is entitl¢d to exemption from 4udil under Section 477 of Ihe Companies Act 2W6 for the year ended 31 ottober 2025. The member$ hève not required the ¢harit•blt ¢ompany io obt•in •A •udit ol itshnanty•l stètements for the year ended 31 O£tober 2025 in acco￿anCe wth Settion 476 of the Companies Act 2W6. The trustees ètknowledge their responsibilities foi.. ensurSng that the charitable company keeps xcouniin8 records thai complywrth Sections 386 and 387 of the Companies Act 2LI)6 and preparin8financial statements which give a true and fairview of the stste of the charitable company as at the end of each financial year and of its surplusor deficit for each financial year in accordance wirh rhe requirements of Sections 394 and 395 and otherwise cornply with the requiremenrs of the Companies Act 2(x￿ relatin8to financial statements, so far a5 appliiable tothe charitable company. These financial statements have ljeen prepared in accordance wirh the provisions appliCa￿e to Small compariie5 subject to the small companies regime and in accordan￿ with FRS102 SORP. The financial statements were approved by the Board of Trustees on 24 June 2026 and We￿ signed on its behalf by-. G Moore- Trustee Page 2

THAMES SAILING BARGE TRUST IIMrrED NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 ocfoBER ZOZ5 ACCOUNnNG POLICIES Basis of arcounting The financial statements have been prepaied under the historical cost tonvention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial staternents. These financial statements have been prepared in accordance with.. the Statement of Recommended Prartice.. Accounting and ReportinE by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi£ of Ireland IFR5 1051 issued on 16Juty 2014 nd with the Charities Ack 2011. Going concern The principal risk facin8 the rharitable company is it5 ability to generate sufficient ncome to cover expendlture inturred in fulfilling the objertives of the tharitable company. The trustees have reviewed the cash position of the charitable companv nd cash forecasts at the date of signing of the accounts and are sat15fied that the charltable company wlll be able to meet all of its financial commitmenrs. As a consequence the trustees believe that the charitable company is well placed to manage it5 financial risks 5ucce551ully and that the charitable cornpany ho5 adequate reserves to Coniinue in operatlonal existence for the lorseeable future. Accordingly the trustees continue to adopt the 8oin8£oThcern basis in preparing the accounts. Incorne All income Is rew8nlsed In the Statement of Finon¢ièl Activities once the ¢h8rrtv has entitlement to the funds, It Is probable that the Income will be received and the amcunt caTh be measured reliablv. Expendlture Liabilitie5 are re£o8nised as expenditure as 500n as therè is a le8al or constructive obligation commiting the tharity to that expenditure. it is possible that a transfer of economic benefits will be required in settlement and rhe amouni ol the obli8ation can be measured reliably. Expenditure is accounted for on an accruals basis ènd has been classified under the headin8S that a88re8ate all cost related to that cate8ory. Where costs cannot be dir￿tlY attributed to particular heading5 they have been allocated to activities on a basis con515terbt with the use of resour¢ts. Flxed assets Fixed è55et5 are reviewed and revalued on a regular bè5is by the dirertor5 to reflert the current value of those assets. Taxation The charity is exempt from corporation lax on its charitable attNities. Page 3

THAMES SAILING BARGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 TRUSTEES REMUNERAnON AND BENEFITS There were no trustees remuneration or other benefits for the year ended 31 ottober 2025 nor for the year ended 31 October 2024. OEBTORS: Amoupifs FALLING DUE WITHIN ONE YEAR 1025 2024 Oebtors Prepayrnernts and accrued income 316 6.620 6,936 4.381 4,381 CREDITORS: AMOUNTS FALLING DUE WITHING ONE YEAR 2025 2024 Other creditors 15.672 15,672 13.490 13.490 CASH AT BANK AND IN HAND 2025 2024 Cash at bank 327.899 327,899 321.984 321,984 Page 4

THAMES SAILING BARGE TRUST LIMITED NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 RELATED PARTY DISCLOSURES There were no related party transactions of the year ended 31 October 2025 nor for the year ended 31 October 2024. COMPARAnVES FOR THE STATEMENT OF FINANCALAcnvmES 2024 2024 2024 Total Funds Unrestricted Fund Resticted Fund INCOME AND ÉNDOWMENTS FROM Donations and legacies Grants Charltable artlvltles Supply of services 2YI.676 2.S 977 272,653 2,S(M) 53.468 327.644 53,468 328,621 977 EXPENDITURE ON Chorltable grtlvllles Maintenance and repairs other 3S.S31 33.69J 69.221 35,531 41,085 76,616 7.395 7.395 NET INCOMEIIEXPENDITUREI 258,423 16,4181 252.C#J5 RECONCILIATION OF FUNDS Total fvnds brought lorw•rd Tran$fer of reserves Revalu*ion of assets 497.853 4,441 13,017 14,4411 510,870 roTAL FUNOS CARRIED FORWARD 760.717 2.158 76Z.875 Page 5