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 PIn*ti￿al R•w*•v Indydxng D•bt• attd D•tall• of B•••Tv•8 Pol*oy
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
G*ttield 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
D*r•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 pr8par*tion 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
Re8ts*etad
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 Wal*s. 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 C<xopanl08 Act 2006.
ectona Tru3t Ltd meet$ the deflnltion of a public bènefit entity under FRS 102.
In conslderlng the tran21tion to the acco￿￿tIng pollcie8 requlred by FRS 102* no
adjustrnents have been n)ade to re$tate the comparatLV8 figures.
Porn•t of ae04>WIt•
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 th*r& 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
Lkn*t•d by Gaarant••
i AaecqthtlDg poll￿•$ <fx)nÈxTM￿d>
Ll*b*l*U•• 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 8h*r• 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