Sail Training Trust
The Trust uses sail training as a method of raising the aspirations of inner city young people through their teenage years. Their training is both on the water and on dry land and results in the growth of confidence, teamwork and leadership skills whilst gaining valuable qualifications to enhance their careers and enable them to actively participate in the regeneration of our community.
Financial health, per its FY2024 accounts
The accounts state that total funds decreased from £178,017 to £129,814 due to a net expenditure of £48,203 against income of £159,477. The trustees confirm the charity is a going concern and that its cash reserves are sufficient to cover twelve months of committed outgoings, net of confirmed future receipts.
What the accounts disclose
“The desired policy is to consistently have a level of cash reserve sufficient to cover twelve months of committed outgoings, net of confirmed future receipts, at any point in time.” — page 11
“During the year purchases in respect of program delivery totalling £97,747 (2023: £97,200), and wages racharges of £53,946 (2023: £51,806) were made from Andrew Simpson Watersports Centres Ltd.” — page 23
Funders the charity credits
- Andrew Simpson Foundation
Trustees
- Miles Arthur Bradburychair
- DAVID MARTIN GRATTON
- Edward Timothy Phillips
- Nicholas Blair Manny Harrison
- Rachel Elizabeth Dunn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £159k | £208k |
| 31/12/2023 | £172k | £206k |
| 31/12/2022 | £218k | £171k |
| 31/12/2021 | £149k | £93k |
| 31/12/2020 | £106k | £51k |
Common questions
Is Sail Training Trust financially healthy?
Per its FY2024 accounts: The accounts state that total funds decreased from £178,017 to £129,814 due to a net expenditure of £48,203 against income of £159,477. The trustees confirm the charity is a going concern and that its cash reserves are sufficient to cover twelve months of committed outgoings, net of confirmed future receipts. Its FY2024 accounts were independently examined.
Who funds Sail Training Trust?
Funders whose own accounts filings name Sail Training Trust as a grant recipient include THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND, THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS, THE SHIPWRIGHTS CHARITABLE FUND, THE HILDEN CHARITABLE FUND, THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2022 | £24k | Youth Opportunities and Training |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2025 | £20k | Youth Opportunities and Training |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | FY2022 | £19k | Hammond Innes Bursaries |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2024 | £15k | Youth Opportunities and Training |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2023 | £5k | Responsive Donation |
| THE HILDEN CHARITABLE FUND | FY2022 | £5k | |
| THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST | FY2022 | £4k | |
| The Greaves & Withey Foundation | FY2023 | £2k | |
| THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST | FY2023 | £2k | |
| THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST | FY2024 | £2k | |
| THE EDGAR E LAWLEY FOUNDATION | FY2023 | £2k | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2022 | £1k | |
| THE PARTNERSHIP FOUNDATION | FY2025 | £500 | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2024 | £0 | Responsive Donation |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 20/03/2019 | £10k | More people afloat and active |