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
Objects
(A) TO ACQUIRE, RESTORE, RE-RIG AND MAINTAIN THE LOWESTOFT SMACK "EXCELSIOR", (EX "SVINOR", EX "EXCELSIOR" LT 472) AND OTHER VESSELS USING AS FAR AS IS REASONABLY PRACTICAL, SIMILAR MATERIALS AND TECHNIQUES TO THOSE USED IN ORIGINAL CONSTRUCTION SO THAT THEY MAY BE PRESERVED AND OPENED TO INSPECTION BY THE PUBLIC AS PART OF BRITAIN'S MARITIME HERITAGE FOR FUTURE GENERATIONS AND FULFIL THE OTHER AIMS AND OBJECTIVES OF THE TRUST. (B) TO PROVIDE FACILITIES FOR PEOPLE TO SAIL, AND WORK ABOARD HISTORIC VESSELS THEREBY KEEPING ALIVE MARITIME HERITAGE FOR ALL. (C) TO PROVIDE SAILING AND TRAINING FACILITIES TO SAIL AT SEA AS MEMBERS OF AN INTEGRATED TEAM ALONGSIDE EXPERIENCED AND ABLE-BODIED CREW, THEREBY INCULCATING A SENSE OF RESPONSIBILITY IN EACH AND EVERY MEMBER OF THE TEAM WHATEVER THEIR ABILITIES AND SOCIAL BACKGROUNDS.
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a net expenditure of £8,443 for the year, resulting in unrestricted net current liabilities exceeding current assets by £63,467. The trustees acknowledge the Trust is reliant on grant income and donations to survive, noting that without the 'overwhelming generosity of many charitable donors, the Trust could not survive.'
What the accounts disclose
“As at 30 November 2025 the charity had no free reserves. Unrestricted net current liabilities exceeded current assets by £63,467” — page 5
“The accounts have been prepared on a going concern basis as although the trustees recognise that the Trust is reliant on grant income to help meet their operational costs, they are confident that planned fundraising activities together with investment in sales and marketing activities will be sufficient to generate funds to meet those needs in the next 12 months.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/11/2025
- Volunteers: 20
- Government income: £20,000 — grants £20,000 (2); 6% of the £340,567 total gross income on the same return
Self-declared on the annual return for the financial year ending 30/11/2024
- Volunteers: 20
- Government income: £15,000 — grants £15,000 (1); 5% of the £310,921 total gross income on the same return
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/11/2023
- Volunteers: 20
- Has a trading subsidiary
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 30/11/2022 (received 05/10/2023, 5 days after the 30/09/2023 due date).
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
- Douglas Nunn
- Gerald Skews
- JOHN CHRISTOPHER SPENCER WYLSON
- JOHN DEREK HUNTER IRVING
- Joseph Farrow
- Russell Clarke
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | £341k | £349k |
| 30/11/2024 | £311k | £299k |
| 30/11/2023 | £177k | £232k |
| 30/11/2022 | £94k | £35k |
| 30/11/2021 | £115k | £110k |
Common questions
Is THE EXCELSIOR TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a net expenditure of £8,443 for the year, resulting in unrestricted net current liabilities exceeding current assets by £63,467. The trustees acknowledge the Trust is reliant on grant income and donations to survive, noting that without the 'overwhelming generosity of many charitable donors, the Trust could not survive.' Its FY2025 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 |
|---|---|---|
| THE FRANK JACKSON FOUNDATION | 1 | £46k |
| ESSEX COMMUNITY FOUNDATION | 1 | £38k |
| Norwich Freemen's Charity | 1 | £25k |
| THE GOSLING FOUNDATION LIMITED | 1 | £15k |
| ALAN BOSWELL GROUP CHARITABLE TRUST | 1 | £10k |
| THE GEOFFREY WATLING CHARITY | 1 | £10k |
| THE DAVID GIBBONS FOUNDATION | 1 | £5k |
| THE COMMUNITY OF ALL HALLOWS | 1 | £5k |
Charities like this
- THE NORFOLK HERITAGE FLEET TRUST
- THE LADYBIRD BOAT TRUST
- THE NORFOLK CHARITABLE TRUST
- OLD ETONIAN TRUST(THE)
- ROYAL SOUTHERN YACHT CLUB TRUST
- EAST ANGLIAN SAILING TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE EXCELSIOR TRUST | £341k | — | 0 | below | — | noted |
| THE NORFOLK HERITAGE FLEET TRUST | £479k | — | 0 | above | — | no doubt |
| THE LADYBIRD BOAT TRUST | £26k | — | 0 | unclear | — | no doubt |
| THE NORFOLK CHARITABLE TRUST | £80k | — | 0 | unclear | — | no doubt |
| OLD ETONIAN TRUST(THE) | £422k | — | — | unclear | — | no doubt |
| ROYAL SOUTHERN YACHT CLUB TRUST | £61k | — | 0 | unclear | — | no doubt |