## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year 01 09 2019 **To** 31 08 2020
**From**
## Section A Reference and administration details
**Charity name** 50001 Youth Training Trust **Other names charity is known by** Thames Class Lifeboat Trust, TCLT **Registered charity number (if any)** 1160783
**Charity's principal address** 40 Mimosa Walk
Lowestoft Suffolk **Postcode NR322SR**
## **Names of the charity trustees who manage the charity**
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
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||Scott Snowling|Chairman|||
||Chris Dunne||||
||Jules Morgan||||
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
**TAR**
March **2012**
1
|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|
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|**Name of chief executive or names of senior staff members (Optional information)**|||
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## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Constitution
Type of governing document (eg. trust deed, constitution) CIO How the charity is constituted
- (eg. trust, association, company)
Appointed by Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
Training 12-25 year olds maritime skills Preserving and Operating ex lifeboat 50-001 as a youth training vessel
**Summary of the objects of the charity set out in its governing document**
**TAR**
March **2012**
2
The 2019-2020 financial year started well, with plans in place to continue the trusts work with the refurbishment of the principal asset the youth training vessel “Rotary Service”. However, this was further hampered by a continued decline in volunteer availability. Like the previous year, this was affected by the external impact of our volunteers mental and physical health.
**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)**
The additional effect of the Coronavirus, in early 2020 eventually stopped volunteering entirely, in both a fundraising and refurbishment capacity. During 2019-2020, some significant progress was made in the preparation of the engine room, with a view towards getting this ready for the engines to eventually be installed. Whilst elsewhere within the vessel non-structural steel work in the cabins was removed in order to convert the spaces for the new youth training role.
The Trust also evaluated the condition of the vessels small tender “Y-55”, which was sent to a professional for assessment, with the intent of making the vessel suitable for display at fundraising events, however unfortunately in the opinion of the contractor it was beyond salvage and returned to the trust for disposal later.
A similar style former RNLI tender was procured and used for this purpose at a few fundraising events late in 2019, however due to the impact of Coronavirus on the trust’s funds during 2020, this was once more disposed off to free up funds.
We confirm the trustees have had regard to the Charity Commissions guidance 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.
**TAR**
March **2012**
3
Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
During the year 2019-2020 the Trust has:
- Continued works on the refurbishment of the vessel:
- Engine room stripped of main mechanical components from original RNLI fitout.
- Cabin spaces stripped ready for conversion for youth training role
- • Attended (limited) public events to promote the trust, engage with the local community and to highlight the maritime heritage of the town, where Coronavirus would allow.
- The trustees believe that the volunteers have reached the midway point of the refurbishment, where most areas of the youth training vessel are entirely stripped out ready to begin the refitting process.
**TAR**
March **2012**
4
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
The trust has maintained its policy that the trust is to hold a sum equivalent to 3 Months Average expenditure.
**Details of any funds materially** There are none **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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Scott Snowling|Chris Dunne|
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Chairman||
||05/07/2021||
||05/07/2021||
**TAR**
March **2012**
5
**3:07 PM 05/07/21 Accrual Basis**
## **1160783 - 50001 YOUTH TRAINING TRUST Profit & Loss September 2019 through August 2020**
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Sep '2019 - Aug 2020
Ordinary Income/Expense
Income
Campaign Income
Fundraising Events 2,166.86
Total Campaign Income 2,166.86
Equipment Sales 115.00
Gifts and Donations Income 497.00
Total Income 2,778.86
Cost of Goods Sold
Stock for Re-Sale -480.00
Total COGS -480.00
Gross Profit 3,258.86
Expense
0 - Vessel Renovation Expenses
General Renovation Consumables 34.13
Hull Refurbishment 85.82
Vessel Storage Costs 2,924.50
0 - Vessel Renovation Expenses - Other 25.00
Total 0 - Vessel Renovation Expenses 3,069.45
Bank Service Charges
Bank Service Charge - PayPal 0.99
Bank Service Charges - Other 60.00
Total Bank Service Charges 60.99
Carriage 121.25
Fund Raising Expense
Advertising 5.83
Event Expense 1,349.85
Total Fund Raising Expense 1,355.68
Insurance 93.34
Postage and Delivery 17.60
Tools 105.84
Total Expense 4,824.15
Net Ordinary Income -1,565.29
Net Income -1,565.29
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