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Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 01 09 2022 To 31 08 2023
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) 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 |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | ||
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)
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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Following on from the trustees decision in July 2022, to wind up the trust and seek to find a new home for ‘Rotary Service’.
The trustees have continued to search for such a new home which would keep the vessel safe for future generations unfortunately at the time of writing no suitable home has yet been found, all potential discussions regarding the vessels future have come to no fruition.
We confirm the trustees have had regard to the Charity Commissions guidance on public benefit.
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:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and erformance p
Summary of the main During the year 2022-2023 the Trust has: achievements of the charity during the year • Stopped receiving donations • Prevented all but essential spending • continued the process seeking to securely dispose of the vessel, and once this is completed shut down the trust.
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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 01/07/2024
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11:01 AM
08/07/24 Accrual Basis
1160783 - 50001 YOUTH TRAINING TRUST Profit & Loss September 2022 through August 2023
| Ordinary Income/Expense Income Equipment Sales Gifts and Donations Income Miscellaneous Income Total Income Gross Profit Expense 0 - Vessel Renovation Expenses Hull Refurbishment Vessel Storage Costs Total 0 - Vessel Renovation Expenses Bank Service Charges Fund Raising Expense Website and Domain Total Fund Raising Expense Insurance Total Expense Net Ordinary Income Net Income |
Sep '2022 - Aug 2023 5,000.00 317.80 7.69 5,325.49 5,325.49 200.00 2,640.00 2,840.00 63.00 13.78 13.78 122.16 3,038.94 2,286.55 2,286.55 |
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