THE K1 BRITANNIA TRUST
The charity's objects are to advance the education of the public in the historical, cultural or nautical significance of any type of vessels which are of historical, educational or cultural importance, in particular but not exclusively by the acquisition, construction, completion, restoration and display to the public of such vessels.
Objects
1.TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE HISTORICAL, CULTURAL OR NAUTICAL SIGNIFICANCE OF ANY TYPE OF VESSELS WHICH ARE OF HISTORICAL, EDUCATIONAL OR CULTURAL IMPORTANCE, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE ACQUISITION, CONSTRUCTION, COMPLETION, RESTORATION AND DISPLAY TO THE PUBLIC OF SUCH VESSELS.2. TO ADVANCE THE EDUCATION OF CHILDREN AND YOUNG PEOPLE IN SAILING AND NAUTICAL MATTERS.
Financial health, per its FY2024 accounts
The accounts state that the charity held no free reserves and instead reported net liabilities of £45,899 at the year end. The trustees attribute the going concern status to negligible recurring overheads and reliance on ongoing creditor support and donations, while noting they are seeking additional income sources to address the deficit.
What the accounts disclose
“Total incoming resources amounted to £50,299 (2023: £94,993) comprising donations of £50,299 (2023: £48,085) and an insurance claim of £Nil (2023: £46,908).” — page 5
“It is also committed to maintaining a minimal level of free reserves, which is prudent to meet on-going liabilities, sufficient to ensure that all grant commitments can be met and to protect the long-term future of the Charitable company’s activities.”
“K1 Retail Limited, a company which shared a common director during the year, contributed £26,659 (2023 : £11,348) towards the expenditure of the Charity during the year.” — page 17
“In the year, the charity paid £Nil (2023: £7,700) for rent and training resources to Rapid Response, which shares a common board member.” — page 17
“K1 Retail Limited, a company which shared a common director during the year, contributed £26,659 (2023 : £11,348) towards the expenditure of the Charity during the year.” — page 17
“In the year, the charity paid £Nil (2023: £7,700) for rent and training resources to Rapid Response, which shares a common board member.” — page 17
“K1 Retail Limited, a company which shared a common director during the year, contributed £26,659 (2023 : £11,348) towards the expenditure of the Charity during the year.” — page 17
“In the year, the charity paid £Nil (2023: £7,700) for rent and training resources to Rapid Response, which shares a common board member.” — page 17
“The charity has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the charity as an individual entity and not about its group.” — page 12
Policies the charity declares
- Complaints handling
- Conflicting interests
- Investment
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Volunteer management
Trustees
- IOANNA SEITANIDOU
- Jonathan James Page
- PRIYANKA THIRUMUR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | — | — |
| 30/11/2024 | £50k | £60k |
| 30/11/2023 | £95k | £100k |
| 30/11/2022 | £76k | £50k |
| 30/11/2021 | £46k | £54k |
Common questions
Is THE K1 BRITANNIA TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity held no free reserves and instead reported net liabilities of £45,899 at the year end. The trustees attribute the going concern status to negligible recurring overheads and reliance on ongoing creditor support and donations, while noting they are seeking additional income sources to address the deficit. Its FY2024 accounts were independently examined.