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← Heritage Marine Foundation

2024-03-31-accounts

gy

T– 01621 859373

- E– apprentices@heritage marine.com

W- www.heritagemarinefoundation.org

Downs Road Boatyard, Downs Road, Maldon, Essex. CM9 5HG

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

Table of Contents

1. Our Mission…………… Page 3 8. Our Review………………………………. Page 11 2. Our Aim…………………. Page 4 9. Our Strategy…………………………….. Page 13 3. Our Impact……………… Page 5 10. Our Supporters………………………. Page 15 4. Adam Payne…………… Page 6 11. Our Finances…………………………. Page 19 5. Lucian Hawkes……… Page 7 12. Governance………………………………. Page 20 6. Kane Gooch…………… Page 8 13. Trustees…………………………………. Page 21 7. LÆRLING………………. Page 9 14. Accounts………………………………… Page 23 – 1129735 Executive Trustees: Chairty Registration James Dines – Chairman Dr Lucy Woodall Nick Dowden – Registered address 19A Downs Road Boatyard Christopher Wood Downs Road Maldon Jasmin Armour Marshall Essex CM9 5HG Naomi Dines

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

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How it Started

The Heritage Marine Foundation was created from the Charity - Kenya Jacaranda Heritage Sailing.

The sole mission was to preserve and operate the Brixham Trawler Kenya Jacaranda (Formerly Torbay Lass). In May of 2014 the Kenya Jacaranda, in a poor state was evicted from her permanent berth in Tilbury Docks after she sunk alongside.

Jim Dines offered a berth in Maldon while a Heritage Lottery Funding bid by Trinity Sailing was put together to move her to Brixham and carry out a full restoration. Unfortunately, this failed to materialize so the charity and the Torbay Lass were handed over and renamed Heritage Marine Foundation. The Charity was restructured with new trustees and objectives.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

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OUR AIM

Our main aim has been to provide opportunities to young people to enter the marine industry with a particular focus on traditional vessels and the skills to Conserve, Maintain and Operate them.

The stated objectives of the Foundation

To advance maritime heritage for the public benefit in particular but not exclusively by:

To advance environmental protection for the public benefit by promoting sustainability and environmental responsibility in particular but not exclusively by:

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

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OUR IMPACT
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Adam Payne – Apprentice 2019-2023 “The Heritage Marine Foundation has provided me with essential skills and experiences, encompassing both modern and traditional maritime techniques.”

The Heritage Marine Foundation have undertaken training and education of young people, so far, the foundation has taken on over 8 young people and given them an introduction into a working traditional boatyard.

The Foundation has taken three of these young people through a structured boatbuilding apprenticeship and one apprentice through a well-established Marine Engineering apprenticeship. All the apprentices who have undertaken an apprenticeship with the Heritage Marine Foundation still work in the marine industry.

Apprentices

20 ~~23 saw two of our apprentices, Adam Payne and Lucian Hawkes, successfully qualify in a level 3 NVQ~~ boatbuilding apprenticeship. After 4 years of training Adam and Lucian are now qualified and working in the HEADING maritime industry.

Adam now works for Heritage Marine Ltd and TS Rigging as a competent carpenter, painter and finisher along with other skills he has learnt in he’s 4-year apprenticeship to complete projects and tasks around Downs Road Boatyard.

Lucian is a self employed boatbuilder who finds work in other boatyards and on other vessels carrying out refit projects, repairs and maintenance, he is also a very competent barge mate and uses he’s wide range of skills to help vessel owners and skippers operate and maintain these traditional vessels.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

~ —<—< (i Neh ; - ws hes — ke . a <3 =——" ADAM PAYNE iy y : ~ - ~. j , 1 4 d “ = ~~Lorem Ipsum is simply~~ dummy text of the printing Adam’s Story I developed a passion for sailing at a young age, starting with Toppers and Lasers at my local sailing club. This early experience instilled in me a passion for sailing and an appreciation for boats and the water. and typesetting industry. At 17, I began my career at Heritage Marine Foundation with minimal prior experience in boat maintenance. Through dedication and hands-on practice, I quickly gained a diverse and valuable skill set, establishing a solid foundation in the marine industry.

Over my time at Heritage Marine Foundation, I have contributed to significant projects, including the rigging and maintenance of historic vessels such as the Cutty Sark, HMS Gannet, and numerous Thames barges and smacks. These experiences have deepened my expertise in traditional and modern maritime techniques.

Over the past four years, I’ve been part of a dedicated team at the Heritage Marine Foundation that has worked on the construction of a 52-foot steel ketch. This ambitious project presented both challenges and rewards, allowing me to apply the knowledge gained during my boatbuilding course to a real-world scenario. It also enabled me to refine my skills and deepen my expertise in boat construction. The Heritage Marine Foundation team has provided me with the opportunity to sail many of these historic vessels outside of work. This experience has significantly enhanced my understanding of their operation and design while fostering a strong sense of community and camaraderie within the sailing network.

I take great pride in being part of a dedicated community of highly skilled professionals committed to preserving historic vessels and maintaining traditional maritime craftsmanship for future generations.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

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LUCIAN HAWKES
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Lucians Story

“The heritage marine foundation gave me a genuine introduction into the marine trade and had me fully emersed within most every practical aspect of what occurs in a contemporary boatyard. During my time with the foundation, I observed absolute mastery in both modern and traditional techniques from a range of highly skilled individuals as well as being offered prestigious opportunities on renowned timber vessels and maritime structures which catered to my interest in traditional woodworking. This apprenticeship had given me the core foundation to continue as an invaluable, well-informed operative throughout the trade.”

I first sailed onboard a Thames barge at the age of 14 which ignited the burning passion for all things nautical that I still hold to this day. I joined the foundation at 17 with a slight grasp on the trade from previous jobs in boatyards, experience on barges and attempted maintenance of my own small fiberglass yacht. The knowledge gained from my course was in constant use not only in work but in the lifestyle that is developed as a result of complete emersion in this industry and the art. Myself and other apprentices attend smack and barge races together which is highly encouraged and accommodated as it gives us an opportunity to learn and develop our skills together, making us more efficient as a team even if we are not aboard the same vessel.

In 2023, I received my Level 3 City and Guilds Boatbuilding apprenticeship, which took four years to complete. I specialised in timber and woodworking and worked on several vessels. I built a set of trestle trees – short pieces of timber attached to a mast – for HMS Gannet , a sloop of the Victorian Royal Navy, based in the Historic Dockyard Chatham. I was involved and helped make the new masts and yards for HMS Ganges mast in Shotley, I have helped remove and lay the new Iroko Poop Deck on Tea Clipper Cutty Sark and I travelled out to Budapest, Hungary to help build and rig a traditional ship set for a Netflix series called Shadow and Bone.

My time spent at the foundation has most defiantly shaped me as a person, I consider myself incredibly fortunate to have had this experience and completed it to absolution. I look forward to seeing others learn and grow through this experience.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

KANE GOOCH

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Kane started he’s marine engineering apprenticeship back in 2020 and has been heavily involved in the new steel yacht that foundation has been building in the yard – more info on page 8.

Kane is currently in he’s final year of Level 3 Maritime Engineering Technician Apprenticeship. Kane is a brilliant engineer and has shown competency in both diesel and hybrid engine installation, DC and AC electric installation, welding and fabrication, installation of fuel and water systems, the list goes on.

Kanes Story.

I started sailing my Optimist at Blackwater Sailing club as a cadet when I was 8. I really enjoyed local club racing and found myself sailing every weekend throughout the summer. I met some amazing sailors at my local club and got offered the chance to crew on a moody 38 for the 2018-2019 Fastnet race, it was an incredible opportunity and an experience I won’t forget. I then became cadet commadore aged 17, where I was a sailing instructor for younger cadets, I really enjoy teaching people how to sail and watch their confidence grow.

I started working at Downs Road Boatyard when I was 16 as a summer job. In 2020 I started my apprenticeship with the Heritage Marine Foundation. I was overwhelmed with how many different trades and jobs I covered in such a short space of time; my first job was to strip down a beta 20 engine, rebuild it and then instal it into a work boat. Over the last 4 years I have learnt engineering, welding, rope work and rigging and manoeuvring boats. In 2022 I bought a 30ft Essex Fishing Smack called Katie, I had never sailed a gaff rigged boat before, so it was going to be a big learning curve. I was very lucky to have the Heritage Marine Foundation team around me to teach me the ropes, support and encourage me. I have now sold Katie to buy a bigger, engineless smack called Polly, this again is a big learning curve as she does not have an engine, so I have to think about the wind and the tide constantly, the more I do it, the more confident I get. I regularly take other apprentices from the Heritage Marine Foundation out sailing and racing, we work well as a team, I have made great friendships from working with other young people and the smack sailing community. I am incredibly fortunate to be apart of the Foundation, as I have made lifelong friends and have experienced a once in a lifetime opportunity.

I am currently in my final year of Level 3 Maritime Engineering Technician Apprenticeship, once this is complete, I wish to work as a 2nd engineer on big workboats or yachts, working up to chief engineer in the future”

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

LÆRLING

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Lærling is a new build yacht, built along traditional lines, the design and build was commissioned specifically for the purpose of training Heritage Marine Foundation’s apprentices to gain the skills required to Maintain, Operate and Conserve Traditional Maritime skills. Her name means “Apprentice” in Norwegian.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

LÆRLING

LÆRLING

She has been built from steel as a gaff-rigged ketch and incorporates a range of modern additions to create a combination of a traditional feel and up-to-date technology. Construction began in August 2020; construction took four years from design to completion. The entire process was centered around the apprentices and their learning, allowing them to develop crucial skills in welding, engineering, woodworking, rigging, and electrics amongst others. The designs for Lærling were drawn by Paul Spooner Yacht Designs.

Apprentices helped design and instal Lærling’s modern systems these include - two Hybrid diesel engines, bow thruster, dive tank, autopilot, hydraulic steering- wheel and tiller steered, AC throughout and cameras in the rigging to aid visibility.

Lærling was launched in April 2024 and is out sailing with her new owner who continues to support the Heritage Marine Foundation.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

OUR REVIEW

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2024 Review

The main work carried out over the period of 2023-2024 has been the building and launching of “LÆRLING” a new steel classic cruising yacht commissioned by one of our beneficiaries. Starting in August of 2020 the hull was completed in 2023 and fitting out commenced and the vessel was launched April 2024.

North Sea Clipper ALBATROS completed her re-fit, which included new plating below the waterline, new running and standing rigging and a completely new interior fit out, all of which was carried out by apprentices and the project manager Jasmin Klimcke was an apprentice for the foundation from 2015-2018. We delivered ALBATROS back to Wells-Next-the-Sea in July 2023.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

Heritage Marine Foundation carried out an initial inspection and survey of the former HMS Ganges mast in its current condition. On going research led the Foundation to draw up an informed conservation plan and submit a consolidated statement to the council for the removal and complete restoration and reinstatement of the Training Mast for the former Royal Naval Training Establishment HMS Ganges at Shotley, Suffolk.

In May 2022 TS Rigging Ltd started the restoration of the mast at Shotley, the mast was dismantled with a detailed set of measurements and a photographic record being kept of every component as it was struck down.

The sections of the mast were moved into the old drill hall on site where the restoration took place over 15 months, all the main timber sections of the mast were replaced with home grown Douglas fir for the spars and green heart for the tops platform.

One of the foundations apprentices Lucian Hawkes worked with lead shipwright Andy “Droid” Balfe to carry out the complete restoration of the mast seeing it fully complete in August 2023.

In November 2023 Heritage Marine Foundation and TS Rigging worked alongside each other to replace the Poop Deck on Tea Clipper Cutty Sark.

The project was carried out by a team of three shipwrights and an apprentice. The project involved removing any structures on the deck such as the wheel, steering gear and deck furniture. Then to remove the old poop deck itself and clean the framework the deck sits on, to then laying, caulking and pitching the new Iroko deck.

The deck took 6 months to complete with the team travelling into London on a daily basis, the project was completed in April 2024.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

OUR STRATEGY

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“Torbay Lass” formerly known as “Kenya Jacaranda”
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Plans for the future

In ten years’, time we would like to have seen in excess of 20 young people pass a Heritage Engineering Apprenticeship or other recognised Marine related qualification that prepares them for a career in the Maintenance, Operation and Conservation of the UK Traditional Vessel fleet.

This will see both the Brixham Trawler Torbay Lass and the Sailing barge Wilfred both having undergone complete rebuilds by the apprentices along with volunteers from the local and wider community, overseen by a group of mentors. By this time the vessels will be out sailing with qualified crew that have been a part of the apprenticeship scheme, giving them the opportunity to pass on their knowledge to future apprentices and the wider public.

future career, promoting the wider historic fleet and the ideal of sustainable sea transport and fishing.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

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“Stargate” formerly known as “Wilfred”
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When in port the vessels and their crew will be capable of delivering an out of classroom learning experience that works within the national curriculum. This will ensure that Coastal Communities and their educational establishments can carry out research and record an of each unique coastal communities’, maritime past and present along with the social and economic importance with regard to their specific waterfront. This will include the history of their ports trade and the ship/boatbuilding with specific reference as to why certain craft developed, worked and thrived in certain areas and what has happened to them over the years. This research and recording to be incorporated into both digital and paper media to raise awareness of UK Heritage Harbours.

Wherever possible the voyages between ports will be delivered as commercial charters that will raise finance that can become part of the everyday fundraising for the foundation to enable the long-term sustainability of both vessels.

The restoration of the two vessels should see a legacy of infrastructure and people experienced in the skills required to Maintain, Conserve and Operate Traditional Vessels. This will enable a cost-effective maintenance regime for the foundation’s vessels as well as passing on the skills required to future young people, this will not rely on outside facilities or labour that in many organisations makes the operating and maintenance costs unaffordable and leads to problems with regard to the sustainable operation of their vessels.

This in house labour and infrastructure when not in use for the foundation’s vessels, will be available to other vessels from charitable organisations within the National Historic Fleet, thus passing on the benefits of reduced cost maintenance and providing more training opportunities for young people as well as further supplementing the income required for the operation of both the Torbay Lass and the Wilfred

Over the years the foundation aims to build a register of skilled personnel that will be freely available to other traditional vessel operators to build a network of people that can work across the industry thus removing the prohibitive costs of using manning agencies.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

OUR SUPPORTERS

Heritage Marine LTD

Heritage Marine Ltd provides onsite facilities and materials to support projects that are undertaken at Downs Road Boatyard. HML also supply and build of full-size replicas and sets, provide and consult on prop/ sets, location management for the film and TV industry, supplying safety and camera boats as well as Marine consultants and project management for film and tv industries providing the opportunity for the apprentices to work on building and rigging major film sets both in UK and abroad. Heritage Marine Foundation is the charitable arm of Heritage Marine LTD www.heritage-marine.com

Chris Torrence - Founder / Chair PHOREMOST

Chris has been a major supporter of the foundation over the years, commissioning the design and build of the Classic Yacht Lærling, this has employed 8 young people over the four-year build.

Dr Chris Torrance is a cancer researcher and entrepreneur. In 2007 he founded Horizon Discovery to translate advances in human genome editing into a range of research tools and services to accelerate the discovery of new and improved ‘Personalized Medicines’. By 2014 Dr Torrance and his colleagues had built Horizon into the fastest growing Biotech company in the UK. In the same year, the company listed on the London Stock Exchange with over 100 commercial and scientific staff and significant deal-flow with the pharmaceutical industry, for which Horizon received the Queens Award for International Trade.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

Sea Change Sailing Trust

Sea-Change provides residential opportunities for young people and vulnerable adults to learn and develop in a unique environment. By living and working together aboard a traditional , wa“ 5 sailing vessel they participate in a wide range of life skills and are encouraged to take increasing eaf (Change responsibility for their contribution and group decisions.

The foundation along with the skilled trades at Downs Road Boatyard were heavily involved in the design and build of Sea Change’s new Thames Sailing Barge Blue Mermaid www.seachangesailingtrust.org.uk

TS Rigging & Marine Service Ltd b TS Rigging & Marine Services Ltd use both traditional and modern techniques Oe where we can meet individual requirements, whether for a restoration, replica or a brand-new vessel. TS Rigging serves the complete rigging needs of modern and | traditional craft. Standing rigging, running rigging, guard wires, blocks, mast hoops, deadeyes and the wide variety of other products and services, all supplied from our rigging shed here in Maldon. www.tsriggingltd.co.uk [= ~~ss~~

TS Rigging Tall Ships Ltd

Ri Situated in Downs Road Boat Yard and not only carries out rigging, but all manner of Ship repair and preservation as well as specialising in the f maintenance and restoration of traditional vessels. They have over the years carried out the restoration of the rig of the Cutty Sark, as well as maintenance on HMS Gannet.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

Topsail Charter LTD

Established 1987 by Stephanie Valentine and Paul Jeffries, their belief has remained true that the best way to preserve sailing barges is to keep them working. Carrying passengers rather than coal, grain or straw, has ushered in a new era for barges and has helped ensure their survival. When they were built, few would have thought they would still be sailing into the 21st century.

www.top-sail.co.uk

Cirdan Sailing Trust

The Cirdan Sailing Trust specialises in enabling groups of young people, cr particularly those who are disadvantaged in some way, to experience the challenge and adventure of life at sea on large sailing vessels. We also run voyages suitable for Duke of Edinburgh Gold residential’s, adult and individual charters. www.cirdantrust.org

The Historic Chatham Dockyard

The Historic Dockyard Chatham will be recognised as the world’s most complete and best-preserved dockyard of the age of sail.

Sustained by a mix of complementary uses, it will be a maritime heritage destination of choice, giving its visitors a unique understanding of warship design and construction and support of the Royal Navy during Britain’s growth as a world power through to the closure of the dockyard in 1984 www.thedockyard.co.uk

Heritage Sailing LTD

The Lady of Avenel is a 102ft Brigantine square rigged ship. With 12 guest berths and epic cruising grounds to offer, she provides an exciting platform for adventure sailing. From Scotland, Ireland, and the coasts and waters off England. www.ladyofavenel.com ~~a~~

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

Sailing Barge Victor

Sailing Barge Victor was built in 1895, her original cargo was linseed from Ipswich docks. Now completely re-rigged with her MCGA Passenger Certificate she now sails her home waters demonstrating the beauty of the East Coast and giving people get an insight into a bygone era of cargo under sail. www.sbvictor.co.uk

Support

After a planning aplication came in from Maldon District Council regarding the shed LÆRLING was built in, we received 83 letters of support towards the Heritage Marine Foundation. Every letter of support can be read in the attached link. We invite you to read these very supportive letters.

22/01259/FUL | Retrospective permission for a demountable boatshed at waters edge in boat yard and 2 portable storage shipping containers. | Downs Road Boatyard 19A Downs Road Maldon Essex

Example letter of support,

Mr Richard Patterson “The structure supports a trainee apprenticeship program. This program provides a clear path into employment for young people. To date the program has trained 6 apprentices, all are now in full time employment, some have gone on to careers in the maritime industry and others have found the confidence to enter alternative careers. One is now recognised for her technical skills and project management at an international level.

A further three apprentices are benefiting from the current project, others are course loaded to future programs. Their training and working conditions would be adversely impacted if the structure had to be removed. The project is a philanthropic one that will provide sail training and life skills development for probably hundreds of other young people over at least 10 years and probably longer. Further similar projects are planned and will support more apprenticeships.

As the country's economic outlook remains fragile, Maldon Council should be encouraging all local business and enterprises, perhaps the more so where benefits are targeted at young people in a long established local traditional industry.

Removing the structure would serve no useful purpose and would hinder educational, employment and business prospects at the very time that we should all be investing in and supporting these vital activities.”

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

OUR FINANCES

Financial review

At the end of the period 2023-2024

The charity had a turnover of £68,830 , with expenses totaling £68,600 . The charity received donations of £1896 The charity received no grants during this period Giving a profit after taxation of £2144

The foundation’s requirement for financial reserves is based on the amount of training being undertaken and no reserves are required at this time.

The foundations principal sources of funds have been from:

The commissioning of the new build yacht Lærling as a training project.

Work placement of apprentices with our partner organisations on major museum ship projects as well as commissioned vessels.

Smaller fundraising is carried out by the sale of second-hand traditional boat equipment that has been donated to the foundation or salvaged from other projects for recycling.

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OUR GOVERNANCE

Governance & Management The Heritage Marine Foundation is Constituted as a Charitable Company Registered Charity No: 1129735

Principle Address: Downs Road Boatyard 19 Downs Road Maldon Essex CM9 5HG

The foundation is governed by memorandum and articles incorporated 30/03/2009 as amended by certificate of incorporation on change of name dated 29/09/2015 as amended by special resolution(s) dated 20/11/2017.

Any trustee selected must be approved by 100% of the existing trustees

The board of trustees has ultimate responsibility for The Heritage Marine Foundation and are directly responsible for setting the strategic direction of the Charity and Governance framework within the which the authority is delegated. Trustees are reappointed annually at the AGM or co-opted as required by the board of trustees. The day to day running of the foundation is overseen by the Chairman with assistance from the Project Manager.

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

TRUSTEES

Trustee Chairman – James (Jim) Dines

Marine consultant, Rigger, Marine Engineer. Having lived opposite the Boatyard since he was six months old Jim has traditional vessels in his blood, joining the Merchant Navy as an apprentice Engineer office at the age of 16 he spent 15 years deep sea with The Royal Fleet Auxiliary, then 3 years as a design consultant for the Defence Procurement Agency. He came ashore in 2000 and set up on his own. In 2015 saving Downs Road Boatyard from the prospect of being developed and then building it back up to what it is today. After taking on the restoration and rerigging of the Cutty Sark he saw the need to establish a training programme to retain the traditional maritime skills that were in danger of being lost.

Trustee - Dr Lucy Woodall

Dr Lucy Woodall is a marine conservation biologist, and her current work broadly focuses on the processes that drive biodiversity in the marine biome. Lucy also seeks to understand the impacts of human activities on these systems using transdisciplinary methods.

Lucy is the Principal Scientist for the Nekton Foundation ~~ee~~ which is a UK charity that collaborates with ~~_~~ others to further ocean understanding through science, knowledge sharing and communications.

Trustee – Nick Dowden

Master mariner, marine casualty investigator, teacher and deputy director of the investigations department for The Bahamas Maritime Authority . As well as heading up a small team of skilled investigators, my role requires engagement at international level - attending the International Maritime Organisation as part of The Bahamas delegation to provide insight gleaned for casualty investigation to working groups and involvement with Marine Accident Investigators’ International Forum (MAIIF) - an international non-profit organisation dedicated to the advancement of maritime safety and the prevention of marine pollution through the exchange of ideas, experiences and information acquired in marine accident investigation.

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Trustee - Chris Wood

Director TS Rigging (Tall Ships) Ltd

Starting off a volunteer on the Cutty Sark Chris came to TS Rigging Ltd as a trainee rigger working his way up top project manager for The Cutty Sark Maintenance contract as well as similar contracts for HMS Gannet. He has worked as a consultant to RRS Discovery, Tall Ship Glenlee as well and many other museum ships.

Recently setting up TS Rigging Tall Ships Ltd Chris provides unique opportunities for our apprentices to work on some of the most iconic ships in the World

Trustee - Dr Jasmine Armour Marshal

Pediatric registrar - Pediatric Emergency Medicine/Child and Adolescent TB/Malnutrition at Imperial College.

Starting at UCL in 2004 Jasmine has worked for the NHS as well as for various NGOs including Medicines Sans Frontieres & Emergency ONG Onlus, in various global theaters including Nigeria, Yemen, Chad, Sierra Leone, Sudan and Afghanistan.

Jasmine has a love of sailing and traditional vessels, as a volunteer doctor for the Ellen MacArthur Cancer Trust she understands the need for training and passing on the skills in this area as well as her own.

Trustee – Naomi Dines

Brought up on the East Coast of England, Naomi had been involved with traditional boats her whole life, sailing and racing on all kinds of vessels, from local fishing smacks to square riggers, via Thames barges and pilot cutters. She is a passionate supporter and advocate for working traditional sail and believes in sail training as a valuable life experience for all. As an artist and university lecturer, she is also an experienced educator and has taught at Central St. Martin's in London for the past 22 years, designing and delivering curricula to students of all ages and backgrounds. Naomi is an experienced charity trustee and has been instrumental in establishing a number of local and national organisations over the years. As part of the foundation, she hopes to use her experience to help share the remarkable world of traditional vessels with a wider public, and to keep more of these boats and ships working and sailing.

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ACCOUNTS

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

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Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

Working To Teach, Preserve and Promote Traditional Maritime Skills Company Register in England and Wales Co No 7550326 Registered Charity No 1129735

30 | P a g e

REGISTERED COMPANY NUMBER: 07550326 REGISTERED CHARITY NUMBER: 1129735 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR HERITAGE MARINE FOUNDATION (A COMPANY LIMITED BY GUARANTEE)

HERITAGE MARINE FOUNDATION CONTENTS OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page statement of Fi nancial Activities 8alance Sheet Notes to the Financial Statements 3to6

HERITAGE MARINE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Total Funds Unrestricted Resticted Fund Fund INCOME AND ENDOWMENTS FROM Donations and legacies Grants Interest Charitable activities Supply of services 1,896 1,896 3,525 18 18 12 68,830 70,744 68,830 109,326 70,744 112,863 EXPENDITURE ON Charitable activities Staff Costs Other 54,172 14,428 68,600 54,172 56,058 14,428 83,961 68,600 140,019 NET INCOME/IEXPENDITURE) 2,144 2,144 127,1561 RECONCILIATION OF FUNDS Total funds brought forward 112,8551 (12,8551 14,301 TOTAL FUNDS CARRIED FORWARD 110,711) (10,711) 112,855) Page I

HERITAGE MARINE FOUNDATION BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Total Funds Unrestricted Restlcted Fund Fund Note CURRENT ASSETS Debtors Cash at bank and in hand 5,062 8,701 13,763 5,062 8,701 13,763 564 11,664 12,228 CREDITORS Amounts falling due within one year 124,474) 124,4741 124,4741 125,083) 124,474) (25,0831 NET CURRENT ASSETS (10,711) (10,711) (12,855) TOTAL NET ASSETS 110,711) 110,711) (12,855) FUNDS Unrestrlcted funds Restricted funds {10,7111 110,711) {12,8551 (10,711) (10,7111 (12,855) The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for; {al ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true a nd fa ir view of the state of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requiremerbts of Sections 394 and 395 and otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. {bl These financial statements have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FR5102 SORP. The financial statements were approved by the Board of Trustees on 16 May 2024 and were signed on i behalf by., MrJ Dines ustee Page 2

HERITAGE MARINE FOUNDATION NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction va lue un less otherwise stated in the relevant notes to these fi nancia I statements. These financial statements have been prepared in accordance with: the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011. Going concern The principal risk faci ng the cha rita ble company is its abi lity to generate suff icient income to cover expenditure incurred in fulfilling the objectives of the charitable company. The trustees have reviewed the cash position of the charitable company and cash forecasts at the date of signi ng of the accounts and are satisf led that the charitable company will be able to meet all of its financial commitments. As a consequence the trustees believe that the charitable company is well placed to manage its f ina ncia I risks successfully and that the charitable com pa ny has adequate reserves to conti nue in operationa l existence for the forseea ble future. Accordi ngly the trustees continue to adopt the going concern basis in preparing the accounts. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the f unds, it is probable that the i ncome will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commiting the charity to that expenditure, it is possible that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis a nd has been classif led under the headings that aggregate all cost related to that category. Where costs ca nnot be directly attri buted to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxatlon The charity is exempt f rom corporation tax on its cha ritable activities. Pension cost5 and other post-retirement benefit5 The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable companys pensions scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 3

HERITAGE MARINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES REMUNERATION AND BENEFITS There were no trustees remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average number of employees during the year was as follows.. 2024 2023 Charitable activities DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Debtors Prepayments and accrued income 5,062 564 5,062 564 CREDITORS: AMOUNTS FALLING DUE WITHING ONE YEAR 2024 2023 Taxation and socia I security Other creditors 778 23,696 24,474 1,302 23,781 25,083 CASH AT BANK AND IN HAND 2024 2023 Cash at bank 8,701 8,701 11,664 11,664 Page 4

HERITAGE MARINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS At Net At 0110412023 Movement 31103/2024 Unrestrscted funds General fund 112,8551 2,144 110,7111 112,8551 2,144 {10,711) Net movement in funds, included in the above are as follows: Incoming Resource5 Movement resources expended In funds Unrestricted funds General fund 70,744 68,600 2,144 70,744 68,600 2,144 At Net At 0110412022 Movement 3110312023 Unrestricted funds General fund 14,301 127,1561 112,855} 14,301 (27,1561 112,855 Net movement in funds, included in the above are as follows.. Incomlng Resources Movement resources expended In funds Unrestrlcted funds General fund 112,863 140,019 127,1561 112.863 140,019 (27,156) RELATED PARTY DISCL05URES There were no related party transactions of the year ended 31 March 2024 nor for the vear ended 31 March 2023. Page 5

HERITAGE MARINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCAL ACTIVITIES Unrestricted Resticted Fund Fund Total Fund5 INCOME AND ENDOWMENTS FROM Donations and legacies Grants Interest Charitable activities Supply of services 3,525 3,525 12 12 109,326 112,863 109,326 112,863 EXPENDITURE ON Charitable activitles Staff Costs Other 56,058 83,961 140,019 56,058 83,961 140,019 NET INCOME/IEXPENDITURE 127,1561 (27,1561 RECONCILIATION OF FUNDS Total funds brought forward 14,301 14,301 TOTAL FUND5 CARRIED FORWARD (12,855) (12,855} Page 6

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Heritage Marine Foundation On accounts for the year ended 31 March 2024 Charity no (if any) 1129735 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 31 March 2024. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). Responsibilities and basis of report I reporl 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 I have completed my examinalion. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in. any material respect: Ihe accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems 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. Signed." Date: Name.. D Richardson Relevant professional qualification{s) or body (if any): Address: 2 High Street Burnham on Crouch Essex, CMO 8AA

Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose.