## The Seven Seas ## **Baxter and Grimshaw Trustee Ltd** Helping young people to experience nautical training and the comradeship of the sea to develop self-reliance, team work and leadership skills Please reply to: grantsec@ssbgtrust.com ## **GRANTSEC REPORT - SPRING 2026– DATED 07 APRIL 2026** ## Dear Chairman, I am pleased to submit the Grant Secretary’s report for the period 25[th] May 2025 to 7[th] April 2026. ## Executive Summary: As reported on over the past couple of years, grant requests are now principally received through service providers, though there have been a few individual applications in recent months. The Cirdan Trust continues to be the major supplier of applicants (45 so far this year), followed by The Ocean Youth Trust (South) for which I have ‘reserved’ 24 places on two trips for the Amber Foundation. Challenge Wales ceased trading last autumn. Sea Cadet applications have been limited to one voyage so far this year for a unit wishing to sail with the Cirdan Trust rather than the MSSC offshore vessels. With a total of 74 applications being received so far this year, we have so far allocated or reserved £14,870.00 of what is to be the agreed budget for 2026, leaving a further £5,130 if we remain within a budget of £20,000 which was used in its entirety in 2025. ## Grants approved: In 2025 we approved and funded a total of 89 applications totalling £20,000.00, thus averaging £224.72 per head. There was only 1 cancellation of a grant that had already been approved. A small numberof enquiries failed to materialise as applications as has happened only once so far this year. Total figures of grants provided, shown by the service provider are given in the table below: The Seven Seas Baxter and Grimshaw Trustee Ltd. Company no: 9495606 Charity Registration Number 802949 Board chairman: Paul Antrobus, 37 Thames Meadow, Shepperton, TW17 8LT. Tel: 01932 259 661 Email: paulantrobus@aquafirma.com |**Service Provider**|**Number**|**Amount**|**Remarks**| |---|---|---|---| |Cirdan Trust|59|13,050|5 Voyages| |Challenge Wales|15|£3,505|2 Voyages| |Ocean Youth Trust
South|12|34,000|1 Voyage| |MSSC|2|£275|2 Voyages| ||||| |**TOTALS**|**89**|**£20,000**|10Voyages| **Table 1: 2025 totals** From applications received starting in December 2025, we have so far approved 74 individual grant applications for voyages to be undertaken in 2026. The vast majority of application come form organsiations seeking voyages with the Cirdan trust, including a Sea cadet unit that are opting for a voyage form the east coast rather than with the MSSC Offshore vessels. I have again confirmed our commitment to support the Amber Foundation with £6,000 currently identified towards two voyages with the Ocean Youth Trust South to be taken later in the year. I will not receive applications until very close to the voyage dates owing to the volatility of the candidates that they support. |**Service Provider **|**Number **|**Amount**|**Remarks**| |---|---|---|---| |Cirdan Trust|47|£8,200|2 Voyages| |Ocean Youth Trust
South|(24)|(£6,000)|2 Voyages| |Tall Ships Youth
Trust|3|£650|2 voyages| |MorningStar Trust|||1 cancelled| ||||| |**TOTALS**|74|**£14,870**|6 Voyages| ||||| **Table 2: 2026 Totals so far.** ## Applications: All applications received so far have already been addressed. ## Approvals. We are currently supporting similar numbers over the past three years with an average of about £225 per head. This has reflected the increasing cost of voyages post Covid and the reduced proportion of cheaper MSSC grants, moving instead towards supporting the more expensive voyages for larger crews with the Cirdan Trust, The Ocean Youth Trust and the like. Costs are only likely to increase further in the future, but at present I believe that the trust is making a worthwhile contribution towards voyage costs The Seven Seas Baxter and Grimshaw Trustee Ltd. Company no: 9495606 Charity Registration Number 802949 Board chairman: Paul Antrobus, 37 Thames Meadow, Shepperton, TW17 8LT. Tel: 01932 259 661 Email: paulantrobus@aquafirma.com that will allow the grants to make a big enough difference to enable individuals to attend these voyages. I will yet again apologise for the occasional pauses in my attention to the Trust’s affairs. My ‘retirement’ continues to prove enjoyably time consuming, and my boat, now back in New Zealand, continues to occupy much of my time. Communication from the Pacific may not be very reliable. I would therefore once again like to thank to my fellow Trustees for their ever prompt responses to my approval requests. Yours aye, ## _Clive Carrington-Wood_ C G Carrington-Wood Lt Cdr RN Rtd Grant Secretary The Seven Seas Baxter and Grimshaw Trustee Ltd. Company no: 9495606 Charity Registration Number 802949 Board chairman: Paul Antrobus, 37 Thames Meadow, Shepperton, TW17 8LT. Tel: 01932 259 661 Email: paulantrobus@aquafirma.com # **THE SEVEN SEAS BAXTER & GRIMSHAW TRUST** **RECEIPTS AND PAYMENT ACCOUNT** **FOR THE YEAR ENDED 31 DECEMBER 2025** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SEVEN SEAS BAXTER & GRIMSHAW TRUST** I report to the charity trustees on my examination of the accounts of The Seven Seas Baxter & Grimshaw Trust (the Trust) for the year ended 31 December 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - the accounts do not accord with those records; or I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. I A Hunt FCA John Crook & Partners Chartered Accountants 255 Green Lanes Palmers Green London N13 4XE Date: 15 June 2026 **The Seven Seas Baxter & Grimshaw 0802949 Trust** **Receipts and payments accounts For the period 1 January 2025 to 31 December 2025 from** **CC16a** ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**£**
**270**
**28,293**
**-**
**-**
**-**
**28,563**|**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**£**
**270**
**28,293**
**-**
**-**
**-**
**-**
**-**
**28,563**|**Last year**
**£**| |---|---|---|---|---|---| |Donations|**270**|**-**|**-**|**270**|**-**| ||||||| |Investment dividends and interest|**28,293**|**-**|**-**|**28,293**|**22,030**| ||**-**|**-**|**-**|**-**|**-**| |Legacy||**-**|**-**|**-**|**261**| |||||**-**|**-**| ||**-**|**-**|**-**|**-**|**-**| ||**-**|**-**|**-**|**-**|**-**| |**_Sub total_**_(Gross income for_
_AR)_|**28,563**|**-**|**-**|**28,563**|**22,291**| |**A2 Asset and investment**|||||||||| |---|---|---|---|---|---|---|---|---|---| |**sales,(see table).**|||||||||| |**shares**|**76,680**||||||**76,680**||**53,934**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**|**76,680**||**-**||**-**||**76,680**||**53,934**| ||||||||||| |**_Total receipts_**|**105,244**||**-**||**-**||**105,244**||**76,225**| ## **A3 Payments** |**A3 Payments**|||||||||| |---|---|---|---|---|---|---|---|---|---| ||**-**||**-**||**-**||**-**||**-**| |Cost ofgeneratingvoluntaryreceipts|**nil**||**-**||**-**||**nil**||**nil**| ||||**-**||**-**||**-**||**-**| |Investment management costs|**4,862**||**-**||**-**||**4,862**||**4,735**| ||||**-**||**-**||**-**||**-**| |Costs of charitable activities|**19,555**||**-**||**-**||**19,555**||**19,634**| ||||**-**||**-**||**-**||**-**| |Governance costs|**2,050**||**-**||**-**||**2,050**||**2,049**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**|**26,467**||**-**||**-**||**26,467**||**26,417**| |**A4 Asset and investmentpurchases, (see table)**|**A4 Asset and investmentpurchases, (see table)**|**A4 Asset and investmentpurchases, (see table)**|**A4 Asset and investmentpurchases, (see table)**|||||||| |---|---|---|---|---|---|---|---|---|---|---| |**Shares**|**89,724**|||**-**||**-**||**89,724**||**29,758**| ||**-**|||**-**||**-**||**-**||**-**| |**_Sub total_**|**89,724**|||**-**||**-**||**89,724**||**29,758**| |||||||||||| |**_Total payments_**|**116,191**|||**-**||**-**||**116,191**||**56,175**| |||||||||||| |**_Net of receipts/(payments)_**|**(10,948)**|||**-**||**-**||**(10,948)**||**20,050**| |**A5 Transfers between funds**||||**-**||**-**||**-**||| |**A6 Cash funds last year end**|**28,988**|||**-**||**-**||**28,988**||**8,938**| |**_Cash funds this year end_**|**18,040**|||**-**||**-**||**18,040**||**28,988**| |||||||||||| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**|(agree balances with receipts and
payments account(s))
**Details**
Co-operative bank
Charles Stanley
**_Total cash funds_**
**Details**
**Details**
Quoted stocks and shares
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**3,533**
**-**
**14,507**
**-**
**-**
**-**
**18,040**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs **
**Cost (optional)**
**Unrestricted**
**419,495**
**-**
**-**
**Fund to which**
**asset belongs **
**Cost (optional)**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
Print Name
T Miller|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||| ||||| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**551,935**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||Date of
approval| |||T Miller|� June ����|