## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 01 09 2023 **To** 31 08 2024 ## 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** ~~ee~~ **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 Scott Snowling Chairman 2 Chris Dunne 3 Jules Morgan 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ~~ae~~ **Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year** ## **Names of the charity trustees who manage the charity** March **2012** **TAR** 1 ## **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** 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** March **2012** **TAR** 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, Various options had been pursued including museums and other organisations who showed an interest in the vessel however all potential discussions regarding the vessels future came to no fruition. **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)** 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. ## Section D Achievements and performance March **2012** **TAR** 3 ## Section D Achievements and performance |**Summary of the main**
**achievements of the charity**
**during the year**|During the year 2023-2024 the Trust has:
•
Continued to refuse donations
•
Continued the policy of only essential spending.
•
Continued the process seeking to securely dispose of the vessel,
and once this is completed shut down the trust.
•
Unfortunately, this latter point by September 2024 also includes
the prospect of scrapping the vessel.| |---|---| March **2012** **TAR** 4 - **Section E Financial review** The trust has maintained its policy that the trust should 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** 30/06/2025 March **2012** **TAR** 5 **3:43 PM** **30/06/25 Accrual Basis** ## **1160783 - 50001 YOUTH TRAINING TRUST Profit & Loss** ## **September 2023 through August 2024** |**Ordinary Income/Expense**
**Income**
**Miscellaneous Income**
**Total Income**
**Gross Profit**
**Expense**
**0 - Vessel Renovation Expenses**
**Vessel Storage Costs**
**Total 0 - Vessel Renovation Expenses**
**Bank Service Charges**
**Insurance**
**Total Expense**
**Net Ordinary Income**
**Net Income**|**Sep '2023 - Aug 2024**
8.13
8.13
8.13
2,720.00
2,720.00
55.00
123.03
2,898.03
-2,889.90
**-2,889.90**| |---|---| **Page 1**