Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year
From
To
Section A Reference and administration details
Charity name Steam Tug Brent Trust Other names charity is known by Steam Tug Brent Trust Ltd 1139414 Charity's principal address 12 The Hythe Maldon Essex Postcode CM9 5HN ~~—~~
Other names charity is known by Steam Tug Brent Trust Ltd
Registered charity number (if any) 1139414
Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 Janet Hall Chair 2 Caroline Mayes Secretary 3 Richard Albanese 4 Ian Chapman 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ~~Oe~~ Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year
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Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Memorandum of Association Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted
- (eg. trust, association, company)
Trustee selection methods
Election at AGM
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
Plans made to carry out Governance review and training in 2025
-
policies and procedures adopted for the induction and training of trustees; The Brent Trust works with other charities or voluntary bodies – through Maldon Heritage Group and Maldon and Heybridge Heritage Harbour,CIO
-
• the charity’s organisational The Trust works with the local secondary school art department and with structure and any wider the Pioneer Trust/National Historic Ships apprenticeship scheme network with which the charity works;
-
relationship with any related parties;
-
The trustees have all the relevant risk assessment paperwork and policies
-
• trustees’ consideration of in place. Asbestos on board is regularly checked through the Asbestos major risks and the system management plan. and procedures to manage All documentation is reviewed annually by the Steering Group committee. them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
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Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
We have a total of 5 regular volunteers and 3 who can join us sometimes.
As always painting has been a major part of the volunteers’ workload. In April scaffold was erected round the funnel, which was then given 5 coats of paint. This took much longer than anticipated, due to unsettled weather and rain.
We were able to completely paint the hull; the first time it has been painted for several years. A difficult task which can only be carried out at low water. We were pleased with the condition of the hull; we did not have to make any temporary
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repairs before we painted. 27 | ray ‘
4i Continuous damp weather resulted in an end to our painting \ey!SS— 1 : (b(yy
programme in mid-September, leaving part of the casing and
the decks as priorities for 2025.
----- End of picture text -----
A monthly task for the volunteers has been to manually turn the main engine over. However, since 2020 we have been unable to do so. To find out whether this is an issue aft of the coupling on the shaft or lies with the main engine, the volunteers have separated the two parts of the coupling to enable us to see where the problem lies. The volunteers are to be lauded for their tenacity and care to carry this out with no damage to the coupling bolts. Fortunately the main engine is able to turn freely when disconnected from the shaft. Our small team of volunteers have all got a deep commitment to the tug and the Trust.
Open Days and Events
We had 10 open days scheduled for 2024. As always attendance at them was dependent on weather conditions; our greatest number being 349 visitors on the August Last Sunday of the Month open day.
Nearly £1,500.00 was raised from these events.
As part of our plans for the Heritage Open Days and celebrating the 80[th] anniversary of D-Day, we made a Normandy Landings
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Section D Achievements and performance
exhibition in the aft cabin. Over September 14[th] and 15[th] six talks were given to a maximum of six people in a group, followed by a guided tour of Brent. This was very well supported. We ran two quizzes, in February and October, raising an astounding £1012.00 and £1084.00.
This summer we decided we would hold our afternoon event, centred on well-being, for the volunteers, offering an opportunity to sit on Brent and enjoy tea and cake in peaceful surroundings. This was held on the afternoon of the Maldon Regatta. Conditions were ideal; a warm breeze and sunny. We ran a children’s day and had the Brent open to the public in the morning. At 2.00pm we closed to the public. Volunteers and Friends came on board, from 2.30 to 5.00pm, enabling them to see the sailing vessels taking part in the regatta coming up the river. Project NM-23-00885
The Steering Group has been working full out with much to report on our work in conjunction with the lottery grant. We are looking at the three aspects of the project. Restoration of the Brent to working order. The provision of a lighter barge to give community and exhibition space. The construction of a purpose built jetty with access to the navigable channel. For buildings, renovation can follow 50 years of neglect; but not so for a vessel. The future of our vessel, as with many others, is insecure and one of our tasks is to look at the ways and means of securing a long term future. We have made visits to other projects, with similar constraints to see how they function so we may find ways to map out our plans for Brent . One interesting visit was to the David Parr house in Cambridge. The house is small and because of the precious and unique nature of the interior, only six visitors are allowed inside at any one time. Thus there is a similarity to the Brent whereby we are limited to six visitors to the engine room. The David Parr house have found a solution with the purchase of the next door property. This provides space for visitor activities, functions and a shop. It works very successfully and for us we hope that the provision of a lighter barge would serve the same purpose. We looked at other stand-alone maritime projects and found few examples which were able to function as self-funded. Only larger passenger carrying vessels were able to break even. Steam Tug Mayflower is the smallest of the tugs in preservation, at 63ft length. She is fortunate to be part of the Bristol MShed collection supported by Bristol City Council.
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Section D Achievements and performance The next smallest are the TID Tugs. Maximum number of passengers could not be more than 12. None of the smaller tugs can pay their way through use as a passenger vessel with this small number of passengers. It is hoped that activities on the lighter will fund the upkeep of the tug. The Canal and River Trust have a non-engined Barge, Sabrina 5, based at Gloucester Docks, used for fundraising activities as well as providing a hub for the Community. Take the Current are looking into this aspect of the project. Plans for the Jetty are slowly moving forward. The Memorandum of understanding has been verbally agreed with the council; we are just waiting for their signature. Following the end of the Resilience project in January 2026, we will be preparing a bid for further funding which we hope will be for Brent’s full restoration This is dependent on the findings of the Feasibility Study being undertaken by our Consultants, Take the Current. Meetings and Liaison with others We continue our close involvement with the Maldon and Heybridge Heritage Harbour Association and attend the monthly committee meetings. The committee members work together for the promotion of our heritage. It is of great value to be part of this organisation, which is hoping soon to be granted CIO status. Similarly to be part of the Maldon Heritage Group allows us to work together with a wider group of heritage sites, including museums and historic buildings under Trust ownership. With these two groups we are working to be part of Maldon History week, VE day celebrations, Ufest, Heritage Open Days and Maldon Regatta Maritime Heritage Trust. Publicity We were approached by a journalist and writer, Nicola Lisle who wrote an article for Towpath Talk as well as the Vintage Spirit. Although I have seen the articles, I haven’t yet purchased the magazines. As always a popular subject for photographers, on 5[th] March Brent featured on the Anglia weather forecast programme. Social Media Facebook Page: 1,733 followers, up from 1,656 followers.
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Section D Achievements and performance
Page audience: UK 1,164, Abroad 569 Twitter followers: 500 down from 525 Instagram followers: 399 up from 370
Conclusion
2024 was a good year for Brent, for which we have to thank the Trustees, our Project Co-ordinator and the Volunteers, without whom we could not progress.
The project is growing and the workload is steadily increasing year by year. In 2025 we will be seeking more people to join our team.
The project team are working full out as are the volunteers, who always end the year with work left to do. That said, all our team are extremely supportive and work beyond the call of duty to ensure that the Brent is well maintained and her future rosy
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Section E Financial review
Brief statement of the
charity’s policy on reserves
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
-
the charity’s principal sources of funds (including any fundraising);
-
how expenditure has supported the key objectives of the charity;
-
investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
STEAM TUG BRENT LIMITED
STEAM TUG BRENT LIMITED (BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
| Page | |
|---|---|
| Company Information | 1 |
| Chartered Certified Accountant's Report | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Detailed Income and Expenditure Account | 5 |
| Detailed Balance Sheet | 6 |
STEAM TUG BRENT LIMITED (BY GUARANTEE) COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2024
| DIRECTORS: | R E Albanese |
|---|---|
| Mrs J M Hall | |
| I S Chapman | |
| REGISTERED OFFICE: | 12 The Hythe |
| Maldon | |
| Essex | |
| CM9 5HN | |
| REGISTERED NUMBER: | 07404307 (England and Wales) |
| ACCOUNTANT: | Courts & Co. |
| Lescott Courts Limited | |
| Chartered Certified Accountants | |
| 49 High Street | |
| Burnham on Crouch | |
| Essex | |
| CM0 8AG | |
| CHARITY NUMBER: | 1139414 |
Page 1
CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF STEAM TUG BRENT LIMITED (BY GUARANTEE)
I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year end.
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below) in connection with the examination which gives me cause to believe that in, any material respect:
-
the 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 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Courts & Co. Lescott Courts Limited Chartered Certified Accountants 49 High Street Burnham on Crouch Essex CM0 8AG
18 June 2025
This page does not form part of the statutory financial statements
Page 2
STEAM TUG BRENT LIMITED (BY GUARANTEE)
INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024
| TURNOVER Other income Cost of raw materials and consumables Other charges Taxation SURPLUS |
2024 £ 105,529 164 (1,592) (19,105) - 84,996 |
2023 £ 7,596 378 (1,725) (5,982) - 267 |
|---|---|---|
Page 3
STEAM TUG BRENT LIMITED (BY GUARANTEE) (REGISTERED NUMBER: 07404307)
BALANCE SHEET 31 OCTOBER 2024
| FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES NOTE TO THE FINANCIAL STATEMENTS |
2024 £ 56,729 48,650 |
£ 81 105,379 105,460 105,460 |
2023 £ 20,475 (92) |
£ 81 20,383 20,464 20,464 |
|---|---|---|---|---|
1. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was NIL (2023 - NIL).
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:
Mrs J M Hall - Director
Page 4
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|STEAM TUG BRENT LTD|Charity No|
|(if any)|
|Annual accounts for the period|CC17a|
|Period end|
|Period start date|01/11/2023|To|date|31/10/2024|
|SS|————__|
|Section A Statement of financial activities|
|Restricted|
|Recommended|Details of own|Unrestricted|income|Endowment|Total this|Total last|
|categories by activity|analysis|funds|funds|funds|year|year|
|£|£|£|£|£|
|Incoming resources (Note 3)|F01|F02|F03|F04|F05|
|Donations|S01|8,041|-|-|8,041|7,596|
|Grant income|S02|-|97,488|-|97,488|-|
|Compensation|S03|-|300|
|Deposit interest|S04|164|-|-|164|78|
|Total incoming resources|=|S05|SeS==|8,205|97,488|-|105,693|7,974|
|Resources expended (Notes 4-8)|
|Costs of Generating Funds|S06|223|-|-|223|229|
|Charitable activities|S07|
|Restoration costs|S08|1,592|-|-|1,592|1,725|
|Power and storage|S09|780|-|-|780|780|
|Insurance|S10|1,021|1,021|991|
|Moorings|S11|3,744|3,744|3,744|
|Advertising|S12|192|1,890|2,082|164|
|Other resources expended|S13|
|Computer costs|S14|47|47|-|
|Sundry expenses|S15|89|89|74|
|Recruitment costs|S16|-|875|875|-|
|Professional Costs Feasability|
|study|S17|-|10,244|-|10,244|-|
|S18|-|-|-|-|-|
|S19|-|-|-|-|-|
|g (Total resources expended g|g)|S20|7,641|13,056|-|20,697|7,707|
|transfers|S21|564|84,432|-|84,996|267|
|Gross transfers between funds|g (|g|g)|S22|-|-|-|-|-|
|other recognised gains/(losses)|S23|———<———|564|84,432|-|84,996|267|
|Other recognised|gains/(losses)|S24|
|for the charity’s own use|S25|-|-|-|-|-|
|Gains and losses on investment assets|S26|-|-|-|-|-|
|Net movement in funds|S27|564|84,432|-|84,996|267|
|+|S28|20,452|12|-|20,464|-|
|Total funds carried forward|S29|21,016|84,444|-|105,460|20,464|
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
STEAM TUG BRENT LIMITED
STEAM TUG BRENT LIMITED (BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
| Page | |
|---|---|
| Company Information | 1 |
| Chartered Certified Accountant's Report | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Detailed Income and Expenditure Account | 5 |
| Detailed Balance Sheet | 6 |
STEAM TUG BRENT LIMITED (BY GUARANTEE) COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2024
| DIRECTORS: | R E Albanese |
|---|---|
| Mrs J M Hall | |
| I S Chapman | |
| REGISTERED OFFICE: | 12 The Hythe |
| Maldon | |
| Essex | |
| CM9 5HN | |
| REGISTERED NUMBER: | 07404307 (England and Wales) |
| ACCOUNTANT: | Courts & Co. |
| Lescott Courts Limited | |
| Chartered Certified Accountants | |
| 49 High Street | |
| Burnham on Crouch | |
| Essex | |
| CM0 8AG | |
| CHARITY NUMBER: | 1139414 |
Page 1
CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF STEAM TUG BRENT LIMITED (BY GUARANTEE)
I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year end.
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below) in connection with the examination which gives me cause to believe that in, any material respect:
-
the 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 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Courts & Co. Lescott Courts Limited Chartered Certified Accountants 49 High Street Burnham on Crouch Essex CM0 8AG
18 June 2025
This page does not form part of the statutory financial statements
Page 2
STEAM TUG BRENT LIMITED (BY GUARANTEE)
INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024
| TURNOVER Other income Cost of raw materials and consumables Other charges Taxation SURPLUS |
2024 £ 105,529 164 (1,592) (19,105) - 84,996 |
2023 £ 7,596 378 (1,725) (5,982) - 267 |
|---|---|---|
Page 3
STEAM TUG BRENT LIMITED (BY GUARANTEE) (REGISTERED NUMBER: 07404307)
BALANCE SHEET 31 OCTOBER 2024
| FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES NOTE TO THE FINANCIAL STATEMENTS |
2024 £ 56,729 48,650 |
£ 81 105,379 105,460 105,460 |
2023 £ 20,475 (92) |
£ 81 20,383 20,464 20,464 |
|---|---|---|---|---|
1. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was NIL (2023 - NIL).
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:
Mrs J M Hall - Director
Page 4
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|STEAM TUG BRENT LTD|Charity No|
|(if any)|
|Annual accounts for the period|CC17a|
|Period end|
|Period start date|01/11/2023|To|date|31/10/2024|
|SS|————__|
|Section A Statement of financial activities|
|Restricted|
|Recommended|Details of own|Unrestricted|income|Endowment|Total this|Total last|
|categories by activity|analysis|funds|funds|funds|year|year|
|£|£|£|£|£|
|Incoming resources (Note 3)|F01|F02|F03|F04|F05|
|Donations|S01|8,041|-|-|8,041|7,596|
|Grant income|S02|-|97,488|-|97,488|-|
|Compensation|S03|-|300|
|Deposit interest|S04|164|-|-|164|78|
|Total incoming resources|=|S05|SeS==|8,205|97,488|-|105,693|7,974|
|Resources expended (Notes 4-8)|
|Costs of Generating Funds|S06|223|-|-|223|229|
|Charitable activities|S07|
|Restoration costs|S08|1,592|-|-|1,592|1,725|
|Power and storage|S09|780|-|-|780|780|
|Insurance|S10|1,021|1,021|991|
|Moorings|S11|3,744|3,744|3,744|
|Advertising|S12|192|1,890|2,082|164|
|Other resources expended|S13|
|Computer costs|S14|47|47|-|
|Sundry expenses|S15|89|89|74|
|Recruitment costs|S16|-|875|875|-|
|Professional Costs Feasability|
|study|S17|-|10,244|-|10,244|-|
|S18|-|-|-|-|-|
|S19|-|-|-|-|-|
|g (Total resources expended g|g)|S20|7,641|13,056|-|20,697|7,707|
|transfers|S21|564|84,432|-|84,996|267|
|Gross transfers between funds|g (|g|g)|S22|-|-|-|-|-|
|other recognised gains/(losses)|S23|———<———|564|84,432|-|84,996|267|
|Other recognised|gains/(losses)|S24|
|for the charity’s own use|S25|-|-|-|-|-|
|Gains and losses on investment assets|S26|-|-|-|-|-|
|Net movement in funds|S27|564|84,432|-|84,996|267|
|+|S28|20,452|12|-|20,464|-|
|Total funds carried forward|S29|21,016|84,444|-|105,460|20,464|
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