Trustees' Annual Report for the period
| Period start date | Period start date | Period end date | Period end date | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Day | Month | Year | Day | Month | Year | |||||
| From | 01 | 09 | 2020 | To | 31 | 08 | 2021 |
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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Scott Snowling | Chairman | |||
| Chris Dunne | ||||
| Jules Morgan | ||||
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)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | 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
Type of governing document
Constitution
- (eg. trust deed, constitution)
CIO How the charity is constituted
- (eg. trust, association, company)
Trustee selection methods
Appointed by
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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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
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The 2020-2021 financial year did not start well, with the nation gripped in peak coronavirus pandemic, there were minimal plans in place to continue the trusts work with the refurbishment of the principal asset the youth training vessel “Rotary Service”. This was once again further hampered by a continued decline in volunteer availability.
Further progress continued with the preparation of the engine room, and the entire compartment was waterjet blasted back to bare steal in with a view towards getting this ready for the engines to be installed.
Summary of the main Later in 2020 a successful Christmas raffle brought much needed funds activities undertaken for the into the trust, however storm damage during the winter caused flooding public benefit in relation to into the vessel and meant an appeal was required in early 2021 to try and these objects (include within shore up the vessel and attempt to make it watertight. this section the statutory declaration that trustees have We confirm the trustees have had regard to the Charity Commissions had regard to the guidance guidance on public benefit. 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:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
During the year 2019-2020 the Trust has:
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Continued works on the refurbishment of the vessel:
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Engine room fully stripped ready for waterjet blasting
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• Waterjet blasted the engine room back to bare steel to highlight any areas of concern and prepare for repainting.
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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.
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Section E Financial review
The trust has maintained its policy that the trust is to hold a sum Brief statement of the equivalent to 3 Months Average expenditure. charity’s policy on reserves
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:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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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) Scott Snowling Chris Dunne Position (eg Secretary, Chair, Chairman etc) Date 08/07/2022
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1:45 PM 08/07/22 Accrual Basis
1160783 - 50001 YOUTH TRAINING TRUST Profit & Loss
September 2020 through August 2021
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Sep '2020 - Aug 2021
Ordinary Income/Expense
Income
Campaign Income
Fundraising Events 1,040.35
Total Campaign Income 1,040.35
Equipment Sales 2,808.33
Gifts and Donations Income 1,597.12
Total Income 5,445.80
Gross Profit 5,445.80
Expense
0 - Vessel Renovation Expenses
General Renovation Consumables 40.00
Hull Refurbishment 38.98
Vessel Storage Costs 3,120.00
0 - Vessel Renovation Expenses - Other 962.94
Total 0 - Vessel Renovation Expenses 4,161.92
Bank Service Charges
Bank Service Charge - PayPal 30.78
Bank Service Charges - Other 84.00
Total Bank Service Charges 114.78
Fund Raising Expense
Advertising 19.90
Website and Domain 86.33
Fund Raising Expense - Other 24.00
Total Fund Raising Expense 130.23
Insurance 100.12
Tools 60.00
Total Expense 4,567.05
Net Ordinary Income 878.75
Net Income 878.75
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