THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit for the year of £178,191, primarily due to total resources expended exceeding incoming resources, although this was offset by significant gains on investments. Per the trustees' report, unrestricted reserves stood at £9,929,485, which the trustees consider sufficient to generate income to fund the Association’s activities for the indefinite future.
What the accounts disclose
“The trustees believe this level of investment is necessary to generate income to fund the Association’s activities for the indefinite future.” — page 8
“During the year, the charity received a donation of £7,895 from the State Street Foundation, a related entity of State Street Bank, where Raymond Cockrem, one of the trustees, holds the position of Senior Vice President.” — page 21
“In addition, the charity has invested funds within SDPR Series Trust S&P 500 ETF, which is managed by State Street, the carrying value of amounts invested within this fund at the year end was £645,346 (2024: £552,135).”
“During the year, the charity received a donation of £7,895 from the State Street Foundation, a related entity of State Street Bank, where Raymond Cockrem, one of the trustees, holds the position of Senior Vice President.” — page 21
“In addition, the charity has invested funds within SDPR Series Trust S&P 500 ETF, which is managed by State Street, the carrying value of amounts invested within this fund at the year end was £645,346 (2024: £552,135).”
Register events
- Received assets from another charity (07/09/2023)
Trustees
- Mark Toddchair
- Amanda Butcher
- Annant Shah
- CLAIRE ELIZABETH THATCHER
- CRAIG BERNARD BURTON
- David George Snelson
- John Brian Hansen Johnson
- Lindsay Elizabeth Bridges
- Martin Coles
- Neil Victor Northmore
- Raymond John Cockrem
- TIMOTHY JOHN JAMES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £233k | £411k |
| 31/10/2024 | £262k | £362k |
| 31/10/2023 | £259k | £350k |
| 31/10/2022 | £278k | £435k |
| 31/10/2021 | £250k | £1.2m |
Common questions
Is THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS financially healthy?
The accounts state that the charity reported a deficit for the year of £178,191, primarily due to total resources expended exceeding incoming resources, although this was offset by significant gains on investments. Per the trustees' report, unrestricted reserves stood at £9,929,485, which the trustees consider sufficient to generate income to fund the Association’s activities for the indefinite future. Its FY2025 accounts were audited by Blue Spire Limited.
Who funds THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS?
Funders whose own accounts filings name THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS as a grant recipient include THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2025 | £21k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| THE FRANK JACKSON FOUNDATION | 1 | £90k |
| REARDON SMITH NAUTICAL TRUST | 1 | £81k |
| THE POINTER FAMILY TRUST | 1 | £75k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £24k |
| PETER DIXON CHARITABLE TRUST | 1 | £10k |
| THE GOSLING FOUNDATION LIMITED | 1 | £10k |
| THE PATRICK & HELENA FROST FOUNDATION | 1 | £10k |