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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**
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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)
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:
- 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
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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
## Section D Achievements and performance
**TAR**
March **2012**
3
## 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.
**TAR**
March **2012**
4
## **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:
- 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)** Scott Snowling Chris Dunne **Position (eg Secretary, Chair,** Chairman **etc) Date** 01/07/2024
**TAR**
March **2012**
5
**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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