2025-03-31-accounts

Company Number: 06788601 -harity Number: 1127573 YK¢TOYA TRUSY Lfi YEAR ZNDRD 31 l£hRCU 2025

(Lamlt•d by ¢>J4¥•At••) FOR THE 7EAIi E14DRD 31 bJAkca 2025 Rèferèneè and adnlnlstratlon Inforrnatlon Raport of the Dlre¢tors statement of Directors ae8pon¢3b¥l%tie¥ Independent Examiners Report Statement of Flnanclal A¢tlvltlès statement of financial posltion Notes to the Tlnanclal StaterneTht5 io 12

rai tHR fRAR E14DRD 31 MARCH 2025 Dlrectors/Trustees iss E C A Harley Dr B J Crabtree Dr R Ayres J Wllllams Nr L E C Coleman Mz S J Morgan Registered Off Ice cjo Cattewater Harbour CouGol88Ioner8 2 The Barblcan Plymouth Devon PLI 2LR Company RegistEation Nwber 06?88607 Reglstered Charjty Numbor 1127573 Bankers HSBC Accountants TS Partners Ltd Independent Examiner lan Taborner BA FCA urnbull & Co Accountants Lknlted Filgrlrn House Oxford Place Plyrnouth PLI 5AJ Page I

fRCTOMA TRLIST DzBxcfoR3 31 MARCH 2025 The directors pr¢sent thelr report and the unaudited financial stateTrents for the year ended 31 March 2025 for the purposes of Beetion 162 of the Charities Aet 2011 alld for the purpo8e¥ of section 419121 of the Cuynles Act 2006. The directors ¢ont&rm that thay have complied with the duty In Section 17 151 of the 2011 Charlties Act to have due regard to guidance published by the Charit185 coll￿18310n. 8t&tu• The cornpany is r6igistated as a charlty under sectton 4 eharltles Act 1960 with the rg9i8tgrgd charity nurDber of 1127573 and a cornpany registratlon nLunber of 06788607 and 18 IIAlted by guarantee and governed by Its NeJuoranduTr and Article3 of A$$oeiation dated 12 January 2009. Obj•¢￿V•1 To help people of all a9e8 to develop and become llwtuie and rasponsible individual3 through experlence 0£ ¥Jll traLning activit1è5 in traditional 8ailkng craft, inclurling maintalnlng and ¢onsÈrvlnfJ the cxaft. Such people includ0 th& socially dlsadvantaged and those suf fering mental health and addiction problew. frle help people of all agesi includiDg those with mental health Issues and those recovering fr<)rn substance mis-use to benatlt frC￿ experience on traditional sailing craft. Thls has been achieved u3ing thè sailing vessel "Yectona"i owned by Tertona Trust Ltd and opetated by our a38oclate coryany Salling Tectona CIC. In parallel we a$81st medical p￿ofeSSIonaL¥ to understand th8 benefit such activlLy can provide. and we research this field. our aot1vlt￿8 d•lIV￿ publac b•n•£xt The sa&L&ng and boat maintenance actlvltles that we sponsor. allow individuala Who have been 3trugglizJg in Ilfe the opportunlty to try somethlng new and galn confldence from the fact that they ean achieve thlngs they never thought thÈy coultl. By $aillAg on a boat vith new people, individuals develop cornrnunieation tearthTork and reslllence as well a5 the abllity to have fun and experienc8 a completely nev eDvlrorJment. All of the3e wlll hopgfttlly lead to Indlvlduals feeling inspired and able to make positive changes in their live8 back ashor8. By attending the boat Thainttnance project each week. individuals d8vèlop a sense of putpose. routlne and dedication to a project. WhLlst learning new practlcal boat maintenaDCg skills, ndlviduals also ]Dake friends w&th the other volLthteersi Tedueing lonellne88 and Istslatlon. Th8 public benefit is that all these ski113 allov inditriduals to grow in themselves and mprove thelr own prospècts for succe58 In thelr recovery journey. The Truateets conflrn that they have referred to the guldance given by the Charlty CLxronission8r5 Qn publle beneflt when teviewing the CILarity' $ aim8 and objective3 and when pla[￿1￿9 futute activities. a PInti￿al R•w•v Indydxng D•bt• attd D•tall• of B•••Tv•8 Poloy The accounts for Yectona Trust Ltd for the period of 16t April 2024 presented. 31at t4arch 2025 are Page 2

4CTONA TRUST LTD DIREtrI0￿ REpoRf 31 MNRCH 2025 Tananelal R•v&•w &r￿l￿dIng D•bt• •nd D•t•ll• Of R•••¢v• Poli¢y Durlng the perlod, the total income of the charity w83 £109, 260. was rnad• up of grant fundirlgy including frorn the followlng organisations. totalLlng £89.074. Lady Virginia Grant Lawsott Charitable Tru8t Swire Charitable YtL18t Gttield Weston Foundatlon The Foyl¢ Youndatlon Postcode Lottery Local Trust Harry and Dlanna Acland Trust The re4￿1n1Th￿ Incom81 £20,186, was madè up of vazious donationy frcTh our very kind $uppottÈrs. These donatlons wère Tra&nly given througlk the 'Just Glvlng. fundralsing platforjlli however st)me were given dlrectly to tbe eharlty In Cash or eheque. This amount ncluded donations towards Tectona Trust fundraising events InclUd￿g spon5018hip for the E(klystone Pursuit. We want to thank 811 our grantors and donors and are extrernely grateful for thelr support. During the ptsrlod, the total expendlture of the charlty was £105.964. Of thls amount, £3.090 was spent on our admin 8xpenJeJtr Juch aj insurancet Just GivirLg fees. bank fees and legal accountancy fees. e reThaining £102.874 wa$ spent on achievlng ollr charitable objectlves. In thls petiod th1$ mtrney was used to rnaintai n the vessel we own Tectona and run weekly boat malntenance s&ssions vith people from all baekground8. ludirlg tho&& in zeeoveTyi through our operating 3ubsidiary Sailing Tectona CIC. IA ttLe period we made a small surplus of £3, 296. The re3erves ¢arried forward on 31 March 2025 were £182.844. Thls includes the £lOO.000 capital resertre tronk the bequeat of the ves981 'Tectona' 1 £44,490 In restricted funding (grant8 htrld for speciflc charltable objectlvesl, £20.000 In restricted resezv8 and £18, 354 in untèstrieted funds. A 3ub3t24nti81 amount of tlme i¥ contrlbuted by Trustees/Directors and Offlcers relatlon to the a(knlni8t¥atlon of the char&ty. tlo pa￿llentS are llwde tu any Trustees/Dlrectors or Offlcers in th18 respect. The value of these 'gifts in kindl ha8 not been quantified. Aativiti•8 and ObjactiveB in the Y•ar, hthi•v•monts •xl Porfoztt•rt¢a lincluding reporting on it• public The y&ar of April 2024 March 2025. WA$ a ))nlque year for ug at Trè¢tona Y¢u¥t. We weie unable to provide any saillng opporturLities in the sunvDer of 2024 b￿t de8Plte this. we were stlll able to achievé our prlmary auL of increasing PEFople s confidencetr resillence and well-being. TrJe did th&5 through the volunteer led re£lt project on Tectona. Th&s is an ongoing proJe¢t to refurbish the interlor aceomodatlon onboard. a8 well as update the rlgglngy helm posltlork &tsd deek layout. During thls perlod. we were In the Ibaek to sea phase. wtLere real progress was made towards getting Tectona 3ailing auath.

TZMNA TRU8f LTD ltsthit•d by Guarants•) DIftttriOR8 KEPOR? 31 MARCH 2025 Activiti•$ and Obj•¢tiv•s in the Y•ar, TWrtiAg ou ito Publ￿ k•n•£itb (¢ontinugd> The TÈctona refit project In an exeellent way of rneeting our charitable objetttive$ by gettlng peopl8 its re¢ovetyt along$ide peoplÈ Er£40 all b#ckgrounds Involved In the aintenance of the vessel. Each Thursday volunteer5 Including people in recovery from mental health issues dnd drug and alcohol add&ctlOZLi retired ￿ople# veterans• rnedical student8. home educated youn people and local peoplei join in wlth working on TectODa. They are led by skllled staff who teach them a varLety of 5kllls Including $andlngi palntlngi woodwork and rLgglng. A hot lunch is provided wheKe everybody eat$ together. Tbe atmosphere ig very relaxed with the ¢niphasl$ on people ¢omtng togethet, maklng ftiÈnd$, learykiug new skilljp growinq Confidence. and feeling a sense of purpose. Everyone who attends Volunteer Thur3dayi leaves happier than when thèy arrived ImeÈsllrfjd by tokons at the start and end of each dayl wlth others saylAg it is the best day of thelr week. It give$ people a tout&nÈ, a ¢￿I￿n￿nIty to belong Lo and Confidence in their abilit£es. s go¢$ on to have a ripple ef£a¢È and wid&r publle bÈneflt a8 people'5 lryproved well- belng and mental health P031tively iycts their circl8 of faThlly• frlend$ and ctsmtyunity. Tettotta Trust Ltd is a ¢oKoany litt￿ted by guarantee and governed by it'8 Memotandvm and Artlcle$ of Asgo¢lation dat8d 12 January 2009. It reglstered a$ a cbarlty with the Charity COU￿SSion. Th8 co]rpany is over3een by it's Directoi3/Tru3tee3 and Qfficer8 who meet and set the strategle dAr&etion In l&n8 w&th th• mlss&on and vlslon of thè ebarlty. No such funds are held D*r•otot• The tru8tee3ldirector¥ who Jerved during the year were as fgllow8: Dr Barbara Crabtree Dr Rlchard Ayre3 bjlss Harley Mr Joshua Wllli&ms Mr Laurent Coleman r St&ve Morgan In appointing members to the Boardi we have erAdeavoured to have a spectrum of backgrounds and expertlse covering: Health and wellbèlng of participants. staff and volunteers Racovery from addiction and mental health issues Safeguaiding Safety and ettwiiorjmental protection Strateglc dlrectlo Page 4

TRCrn ThU8T LTD [L￿t•d by ￿￿￿•￿￿•? DIRBCly)￿ FSFOWi 31 kWCH 2025 Dr•ctoz• l(vJntinu•d) Flnanclal managernent tdatketing aod PR Law P4••rv•B ￿11<Y Tt is the policy 0£ the coropany to bulld up the reserwes to £20.000 and keep these funds until Juch tthe a8 they are n8eded to completè a projèct or ensurè thè survival of thè Charlty. sk R￿1•￿ The Trustees need to update thelr revlow of ￿a)0￿ r18ks to whlch the charlty exposed. and update systems to mitigate those risks. Should 8ignifl¢&nt e¥ternal ri$k$ to funding be IdÈntlfied. a strategic plan wlll be developed whictt wlll allow for the diver$ifi¢ation of funding and activities. Internal rlskJ are DuThulli#ed by the implementatlon of procedures for authorlsatlon of all ttansactioThs and projects and to ensure con$l$tent delivety £or all operat&onal aspect8 of the charity. Ihèse procedure¥ aie perlodically reviewÈd to ensure that they still rneet the n88ds of the charity. Xdvantage iyj belng takèn In th8 pr8partion of the directors report, of the speclal gxeiDPtioos applicable to srnall cornpanles conferzed by the Companles Act 2006 IA•¥ R C A ￿¥1•Y D•t• Ii/ILIIc)2f Page 5

IUA*tsd by Guar￿t••) e¢x￿anY law t¢quire8 the directors to prepare tlnanclal statements for eacb flnanclal year hich glve a true and fair vlew. In preparlnq those flnanclal statementsi the dlrectors are requited to: s&lect Sultable accounting policies and then apply them ¢on$i8tently." ]nako Sudgemertts that are reasonable and prudent". stat? whether th• pollelos adoptèd ara In 8ceordancè wlth thè apptoprlatg SORP on Accounting by Charitles and the Aocountlng Regulatlon8. and with appllcable accountln standatds, subje¢t to any materlaL departures dlsclosed and explained the financlal $tatemetstsi prepare the fin&n¢tal Statements on the golng concern basis unles8 it la not apptoprlate to presuffje that the company wall contlnue bu$lngSB. The dlrectors are responsible for keeping adequate accouTJting recotdsi which di8close with reasonable accuracy at any ting. th8 finanoial po$ltion of the CQTwny and to enable them to ensure that tlLe flnan¢lal staternent$ comply wlth the Companles Act 2006. They #re also responsibl8 for safeguarding the assets of the charity and hence for taklng reasonable teps fL)f thè prevention and det8Ction of fzavd gr other irregularities. The dirèctors are responsible for the maintenance and integrity 0£ the eorptsrate and financial thfornatLoJJ Includea on the charity, s website. Page 6

(L￿tea by 13u•¢•nt••) I report on the a¢couDt8 of Te¢tona Trust Ltd for the yeat Ènded 31 March 2025 which are 38t out on pages 8 to 12. The charity. s I￿reCtorS are responslble for the prepatatlon of lh$ accounts. Th• charlty. directors eonjxder that an audit 1$ not required for this year under part 16 of the CosDpanle3 Act 2006 and an &ndependent examlnation ha3 been requ8sted. It is my re8pon8Lblllty to: examlne the accounts (under 3ection 145 of thg eharitl83 Act 20111 to follow the procedures laid down in the General Dirèctions given C(xwnissioners lunder section 145151 Ibl 0£ the 2011 Act) , and by the Charity to state whether partlcular Trattèrs have coTh to my attentlon. examtnatlon wa$ carried out in a¢cordanc8 wlth the General Dlrectlon8 glven by the Charity Contnlssloners. An exainlnatlon thncludej a revlew of th8 accountlng records kept by the charity and a cowrison of the aecounts presented with those record3. It also includes consid8ration of any uuu$ual itorns or di8¢lo$ure$ In the a¢¢ount$ and the $eekiug of explanatlons from you as ditectors eoneérning any stseh mattèrs. The proc¢dures undertaken ¢30 not provldo all the 8vldeDc8 that would be ro4uir¢d an audlt arjd, cons•quently I do not express an audit opinion on the view given by the accounts. In connection rny exawnation no thatt&r cm to my 4ttention: whlch glves requirenEentts reasonable cau38 to believè that, In any materlal respect. the lal to keep aceouThting reeord$ aceotd8nee with $386 of thÈ Companie$ Act 2006 Ibl to prepare account3 which accord with the accounting records and to ccryly with the accountin¢J requirements of tme C¢)upanle8 Act 2006 ar￿ the Statem¢nt of RaC¢xr￿ended Practise.. Accol￿tIng &nd Reporting by Charities Izevised 20051 have uot been net: or to which in my opinion, attention SI￿Uld be dratrm ￿ otdèr to enable und8rstandlng of th¢ a¢count$ to b& reached. proper PilgrtsL ?lyJwAth Paqe 7 Il

roR THE YRAR XK)KD 31 IIARCH 2025 2025 2024 Unro•trlotsd fund8 Ilot•B Grants Donatlon3 89.074 20,186 94.263 16.078 109.260 110.341 Direct charitable expendlture Governance cotsts 104,485 107,883 1,479 1,341 105. 9fj4 109.224 Net 3urplus for the year bef or8 taxation 3.296 1,117 Taxation 3.296 1,117 179.548 178,431 D8si¢mated fund8 182.844 179.548 NoveThent8 on ie?e¥ves ar? set out in note l on page 12. Page 8

TBCTONA TriIST LI &4LAIICE 8HEET 31 IIARCH 2025 COIQANT IIIJM8ZR Ofl8960? 2025 2024 FAx•d A8s•ts Tangible assets loo. 000 loo.000 Cutr•nt A8•ts Eank and Cash Dèbtors ptepaym8nt3 85,083 521 81,217 512 85.064 81,729 Ixw y•ar 2,760 2,181 H•t cutt•nt a804t8 82.844 79,548 182.e44 179,548 18,354 64.490 IOD,000 17,558 61,990 loo. 000 Re8tsetad IS2, 844 179.54 For the year endlng 31 March 2025, the company wa3 entitled to ex8Trption frun an audit undsr section 477 ot the Act 2006 rtsl&tAng to small cofftpanles. The yllembers have not required the e¢Jllpany to obtain an audit In accordance $eetlon 476 of the Companies Act 2006. Thè dlrectors acknowledge theLr r8sponsibillty for complying with th& r8quiremgnts of the Act wltb respect to accounting record3 and for the preparation of the accouThtty. These accounts have been prepared in accotdanee with thÈ provi$ions ttpplitable to ¢ompanies subJect to the sm311 companles, regune. The financlal statements were approved by the Board of Dir8Ctoi3 on and ?igned on it¥ behalf by Dlrector Page 9

TECTONA TRU8T &YD Teotona Trust Ltd L8 a company Ilmlted by guarantee and a charity regi5ter8d at the Charity Cormlsslon of Eugland and Wals. The principal office is 2 The Barbicall. PI￿￿0uth, Devon¥ PLI 2LR. he preseutation eurtency ta £ 8terlLng. of The rinanclal 8tatemeot8 have been prepared on the hl3toric c05t basls and accordance with Accollntlng and Reporting by Charities: Statement of RecoTrnded Ptact18e appllcable to charitles preparing accounts In accordance wlth the Fthnanclal Rpporting Standard appllcable In th8 UK and R6public of Irel8nd IFRS 1021 leffectlve I Jau8ry 2015)- (Charitie$ SQRP IFRS 1021 and th8 CWIt• In the oplnlon of the dlrect¢r¥, the $tandard format of the profit and los3 account as laid down by the CDTrpanle¥ Act 2006. would not present a falr view of the results of the ct)mpany. Accordingly. the fornat of the profit and loss account ha3 been arnended a$ petmltted by the CoTopanies Act 2006. General funds are L￿￿￿StrIcted £un¢Js which are available for the trustees for fuLtherante of the general objactives of the conpany and whi¢h hav¥ xjot bèètt daslgnatèd for other purp038s. De5IgDated fwids ate uThr8stricted funds that the trustees have articulat purpDSe. set aside for Income is repr8sente¢l by Troni¢$ derlved from the ccqryny's prlnclpal actlvltlas and is only recognised when the cornpany has entitlement to the Income. It can be rneasured rellably and It Is probable that it will be r¢¢eived. Charitable Activlties cornprxse those expenses directly related to the prin¢ipal actlvity of the provislon of sail tralning actlvitles to people 0£ all agea. All Èxpenditure Is accounted for on an accruJ15 b85is and is fully analysed in the notes. It is tecogn&sgd oncg thr& ij a legal obllgatlon to make pèwn8nt to a third party* that It ¢an be measured rellably and It L5 likely that payrnent will be required. Governance Co8t¥ Include thos8 ¢o$ts assoclatod witb mgetiag th¢ ¢onstitut&onal and Btatutory requlrement3 of the charity. rix•d All apptoprlate fixed assets are capltallsed. Depreciation is not ¢onsldered approptlate on the salllng vessel. Page 10

Crn TrU8T LTD Lknt•d by Gaarant•• i AaecqthtlDg poll￿•$ LlblU•• and Liabilitles are recognI5ed vhen tbere 18 an obl&gatlots at the baLance sheet date as a result of a past event. It posslble that a transfer of economical benefit will rewired In settlernent. and the amotmt of the settlernent can be e3tiJnated rellably. Llabilitles are Tecognlsed at the arnount that the company antle&pate3 it will pay to Settle th8 Llebt or amount rg¢elved as advanced payments £or goods or services It rnust provLde. Grants recelved are accounted for on an accrua15 basis and are Shown separately on the Stat•nt of Flnancial Actlvitles. Grant incorne is only ¥ubsequently dèferred if requLrea by the speclflc terms and conditlons of the grJDt. rn the opinion of the directOf¥i 8 going concern basis preparlng the accounts can be adopted. 2025 2024 Vessel and troyage costs Of f ice and atgminiattation expenses 102.874 1.611 106, 586 1,297 104.485 107,883 3 ¢ov•tn•tta• C¢•t• l[￿ependeTht Exanunation foe Accountancy fee 960 519 900 441 1,479 1,341 4 Taxatlon he company a regi5teted charlty and no provision for taxation r¥ece$8ary. considered saiithq V••••l Cost At l April 2024 loo,000 At 31 March 2025 loo,000 At 31 March 2025 li•t book valua At 31 ￿late￿ 2025 loo,000 At 31 E4atch 2024 loo.000 The sailing vessel TECTONA was bequeathed by the late Dr Roger Crabtree 8nd Introduced at Directors. raluation. In the cireuJastances. depreclation not con8ldered appropriate. Pagtr 11

TBCTONA ThU8T LTD ILirnxt•d by ￿arant&> 2025 2024 knwit Owed to gri)up undertaklngs Aecruals and def8rred income 1,315 1,445 840 1,341 2,760 2.181 Tot•1 At l Aptil 2024 Transf er between funds Surplus for the year 61,990 2,500 loo. 000 17,558 12,5001 3.296 179,549 3.296 At 31 t4arch 2025 64,490 loo,000 18,354 182.844 General funda are held for the continuity of the eharity. Restricted funds are grants held fot 8pe¢lflc charltable purpose8. Des&qnated fundg repr958nt thg 8all£ng ves8&1 fECTONA bequeath￿ to the charlty. 0 8hr• Cnpatal The coTrpany is limltad by guarantee. Cootrol The company is undÈt the ot£ectlve control of Its dlrectors. 10 Tran•act*on• th• Trnat Nr>ne of the Trustees lor any per$onJ connected wlth them) recelved any remuneration durlng the year. nor havè they recelved ¢xpon$Ès. Pag& 12

CTONk tRUSTr LID 2025 2024 Grants Donatlons B9.074 20.186 94.263 16,078 109.260 110, 341 Tectona CIC Accountancy feas Insurance Bank charges Just giving fees Indep¢ndont Examlner fè 102,074 106.586 519 441 686 672 63 63 862 562 960 900 105,964 109,224 Surplu• 3,296 1,117 Page 13