2021-05-31-accounts - The Maritime Heritage Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 1 June 2019 To 30 May 2021 Charity name: The Maritime Heritage Trust Charity registration number: 268609

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	(1) To provide for the education and benefit of the nation facilities and finance for the discovery repair and reconstruction renewal replacement maintenance preservation transportation and (in the case of vessels) berthing of vessels of national historic or scientific interest and of buildings and relics of similar interest and connected in any way with such vessels or the construction or use thereof or connected with war at sea or on inland water or transport by sea or inland water (2) To assist co-operate with or make grants or loans to any charitable organisation with similar objects.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Maritime Heritage Trust has continued to promote the interests of the historic vessel sector wherever it can. - Activities by the MHT Friends organisation were constrained by the coronavirus but online presentations attracted a wide audience. - Working with National Historic Ships we have continued to lead the Heritage Harbours project to work with local communities to help them persuade local authorities and others to protect character, maintain facilities and recognise the potential of maritime heritage
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	It is confirmed that the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	--
Policy on social investment including program related investment	Para 1.38	---
Contribution made by volunteers	Para 1.38	---
Other		---

Achievements and Performance


Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	SORP reference Para 1.20	- A core purpose of MHT is to represent the UK on European Maritime Heritage (EMH) and take advantage of the potential it offers to promote maritime heritage internationally, secure stronger international recognition in cultural and regulatory terms and share learning. Two MHT Trustees hold prominent roles in EMH. -MHT played a key role in enabling the visit of the Thames Sailing Barge "Blue Mermaid", an engineless vessel visiting the Royal Docks as part of Newham heritage and history month by establishing a crowdfunder for this purpose, contributing to the costs of the voyage and making of a short film of the project. - Recorded webinars were held on “Heritage passenger vessels and the outlook on operations", "Living aboard historic vessels" and on the work of “European Maritime Heritage" and recordings are available on Youtube.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41	---
Performance of fundraising activities against objectives set	Para 1.41	---
Investment performance against objectives	Para 1.41	---
Other		---

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Sufficient cash resources are held that ensure the ongoing financial stability of the Trust
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	No specific reserves are held
Amount of reserves held	Para 1.22	0
Reasons for holding zero reserves	Para 1.22	Establishing specific reserves at this time is not considered necessary in view of the cash resources held
Details of fund materially in deficit	Para 1.24	---
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	---

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Members’ subscriptions supplemented by gifts or legacies from time to time
Investment policy and objectives including any social investment policy adopted	Para 1.46	---
A description of the principal risks facing the charity	Para 1.46	---
Other		---

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document	Para 1.25	Association Model Constitution
How is the charity constituted?	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Election by members at AGM

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	---
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	---
Relationship with any related parties	Para 1.51	---
Other		---

Reference and Administrative details

Charityname	TheMaritimeHeritageTrust
Other name the charity uses
Registered charity number	268609
Charity’s principal address	HQS Wellington Victoria Embankment London WC2R 2PN

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
David Treharne Morgan MBE TD	Chair
John HenryCleary	Vice-Chair
Dr Raul Scott Pereira	Secretary
Brian Andrew Corbett
Trevor Godbold	Treasurer
John H Megoran
Bernard Hales
Richard Albanese
Madeleine Phillips		8/1/21 - 31/5/21

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	---
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	---
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	---

Additional information (optional)

	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)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

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
	John Henry Cleary	Trevor Godbold
	Trustee and Deputy Chair	Treasurer
	8 March 2022
	8 March 2022

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THE MARITIME HERITAGE TRUST 268609
Receipts and payments accounts
For the period
To
from ### ###
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Subscriptions - Full Members 1,818 - - 1,818
Subscriptions - Friends 487 - - 487
Donations 390 - - 390
Interest 3 - - 3
- - - -
- - - -
- - - -
- - - -
2,698 - - 2,698
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 2,698 - - 2,698
A3 Payments
Subscription - EMH 1,351 - - 1,351
Subscription - HA 165 - - 165
Meetings - room hire and travel - - -
General Administration 393 - - 393
Bank Charges 31 - - 31
- - - -
- - - -
- - - -
- - - -
Sub total [ 1,940 ] - - 1,940
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 1,940 - - 1,940
Net of receipts/(payments) 758 - - 758
A5 Transfers between funds - - - -
A6 Cash funds last year end 34,540 - - 34,540
Cash funds this year end 35,298 - - 35,298
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Section B Statement of assets and liabilities at the end of the period

			Unrestricted		Restricted
Categories	Details		funds		funds
B1 Cash funds	NatWest Current NatWest Reserve PayPal *Total cash funds*		to nearest £ 1 35,248 49 35,298		to nearest £ - - -
	(agree balances with receipts and payments account(s))		OK	OK
			Unrestricted		Restricted
			funds		funds
B2 Other monetary assets	Details		to nearest £ - - - - - -		to nearest £ - - - - - -
B3 Investment assets	Details		Fund to which asset belongs	Cost (optional) - - - - -
B4 Assets retained for the	Details		Fund to which asset belongs	Cost (optional) -
charity’s own use					- - - - - - - -
			Fund to which		Amount due
B5 Liabilities	Details		liability relates		- - - - - (optional)
Signed by one or two trustees on behalf of all the trustees		Signature	Print	Name

Signed by one or two trustees on behalf of all the trustees

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CC16a
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Last year

to the nearest £

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1,671
440
1,215
69
-
-
-
-
3,395
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3,395

1,306 165 400 1,870 70 - - - - 3,811

3,811 - 416 - 34,540 34,124

Endowment funds

to nearest £ - - - -

Endowment funds to nearest £ - - - - - -

Current value (optional) - - - - -

Current value (optional) - - - - - - - - - When due (optional)

Date of approval