EAST COAST SAIL TRUST
The objectives of East Coast Sail Trust are that of maintaining and preserving the traditional Thames Sailing Barge, "Thalatta", or other similar barge as may be acquired, in sea-going order and using the vessel to benefit young people from all walks of life by the provision of educational cruises.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £12,535 for the year ended 31 March 2025, resulting in a decline in unrestricted reserves from £243,751 to £231,459. The trustees acknowledge that the decline in external funding and inflationary pressures present financial strain, noting that income and expenditure projections are difficult to forecast with confidence. Despite these challenges, the trustees confirm that resources are adequate to continue as a going concern for the next 12 months.
What the accounts disclose
“Our policy is to maintain free reserves—unrestricted funds not tied up in fixed assets—equivalent to 9–12 months of operating expenditure.” — page 5
Funders the charity credits
- Heritage Lottery Fund
Trustees
- JOHN WILLIAM KEEBLE
- John Scanlon
- MICHAEL RICHARD KEELING
- Martin Hugh Pavey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £42k | £54k |
| 31/03/2024 | £51k | £54k |
| 31/03/2023 | £32k | £56k |
| 31/03/2022 | £51k | £65k |
| 31/03/2021 | £25k | £27k |
Common questions
Is EAST COAST SAIL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £12,535 for the year ended 31 March 2025, resulting in a decline in unrestricted reserves from £243,751 to £231,459. The trustees acknowledge that the decline in external funding and inflationary pressures present financial strain, noting that income and expenditure projections are difficult to forecast with confidence. Despite these challenges, the trustees confirm that resources are adequate to continue as a going concern for the next 12 months. Its FY2025 accounts were independently examined.
Who funds EAST COAST SAIL TRUST?
Funders whose own accounts filings name EAST COAST SAIL TRUST as a grant recipient include THE HOLLIDAY FOUNDATION, THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE HOLLIDAY FOUNDATION | FY2025 | £5k | |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | FY2022 | £880 | Hammond Innes Bursaries |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | FY2025 | £848 | Hammond Innes Bursaries |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 22/06/2020 | £16k | "COVID19 East Coast Sail Trust" |
| The National Lottery Heritage Fund | 02/03/2005 | £724k | "Thalatta Centenary 2006" |