THE EXCELSIOR TRUST
Acquiring, maintaining and restoring the Lowestoft Smack "Excelsior" LT472 and providing facilities for young people to sail thereby maintaining their maritime heritage
Financial health, per its FY2024 accounts
The accounts state that the charity requires continued financial support through grants to maintain its going concern status, with trustees actively applying for such funding. The independent examiner confirmed that no material matters were identified during the examination of the financial statements for the year ended 30 November 2024.
What the accounts disclose
“During my examination I have considered the adequacy of the disclosure in note 2(m) to the financial statements concerning the charity's ability to continue as a going concern. The results for the year ended 30 November 2024 indicate a need for the charity to continue to receive financial support through grants, which the Trustees are actively applying for.” — page 7
Corporate structure
- Registered company of the charity Companies House 01670772
Company officers (Companies House)
- NUNN, Douglas Anthony on trustee list
- FARROW, Joseph William on trustee list
- SKEWS, Gerard Nicholas not on trustee list
- TAYLOR, Alice-Ann on trustee list
- IRVING, John Derek Hunter on trustee list
- EXECUTIVE ACCOUNTANCY & MANAGEMENT SERVICES LTD
Property (HM Land Registry)
Trustees
- Alice-Ann Taylor
- Douglas Nunn
- Gerald Skews
- JOHN CHRISTOPHER SPENCER WYLSON
- JOHN DEREK HUNTER IRVING
- Joseph Farrow
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £311k | £299k |
| 30/11/2023 | £177k | £232k |
| 30/11/2022 | £94k | £35k |
| 30/11/2021 | £115k | £110k |
| 30/11/2020 | £115k | £110k |
Common questions
Is THE EXCELSIOR TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity requires continued financial support through grants to maintain its going concern status, with trustees actively applying for such funding. The independent examiner confirmed that no material matters were identified during the examination of the financial statements for the year ended 30 November 2024. Its FY2024 accounts were independently examined.
Who funds THE EXCELSIOR TRUST?
Funders whose own accounts filings name THE EXCELSIOR TRUST as a grant recipient include THE RANWORTH TRUST 1985, THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS, THE HEADLEY TRUST, The Belstead Ganzoni Charitable Settlement, THE SHIPWRIGHTS CHARITABLE FUND.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Foundation Scotland | 23/04/2024 | £2k | Harbouring Potential |
| Sport England | 03/06/2020 | £4k | COVID-19 CEF |
| The National Lottery Community Fund | 11/02/2015 | £4k | Excelsior Experience Welcome Pack |
| The National Lottery Community Fund | 01/02/2012 | £10k | Landsea Life Skills Training |
| The National Lottery Heritage Fund | 12/10/2000 | £5k | "Charity to use award to encourage community and educative interest in their historic smack sailing trawler (built 1921) by raising awareness" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ARDINA LIMITED | 1 | £216k |
| BETTENHURST CHARITY LIMITED | 1 | £79k |
| YESBE LIMITED | 1 | £71k |
| DONATING CHARITY LIMITED | 1 | £62k |
| LOCALTRENT LIMITED | 1 | £22k |
| Royal Warrant Holders' Charity | 1 | £5k |
| SOCIETY FOR NAUTICAL RESEARCH | 1 | £500 |
Charities like this
- THE EXAIREO TRUST LIMITED
- THE MASTER PILOTS AND SEAMEN OF THE CORPORATION OF THE TRINITY HOUSE, NEWCASTLE UPON TYNE
- Vigilance of Brixham
- THE PORTISHEAD NAUTICAL TRUST
- THE CONWAY MERCHANT NAVY TRUST
- THE EXETER CANAL AND QUAY TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE EXCELSIOR TRUST | £311k | — | — | unclear | — | noted |
| THE EXAIREO TRUST LIMITED | £1.2m | — | 0 | unclear | — | no doubt |
| THE MASTER PILOTS AND SEAMEN OF THE CORPORATION OF THE TRINITY HOUSE, NEWCASTLE UPON TYNE | £189k | — | 0 | above | — | no doubt |
| Vigilance of Brixham | £688k | — | 0 | above | — | noted |
| THE PORTISHEAD NAUTICAL TRUST | £118k | — | 0 | unclear | — | no doubt |
| THE CONWAY MERCHANT NAVY TRUST | £132k | — | 0 | unclear | — | no doubt |