THE ERIC TWINAME TRUST
Registered Address: 26 Ashcombe Avenue, Surbiton, Surrey KT6 6QA
Secretary - Tel: 07767 262561 Email: firstname.lastname@example.org
Patron:Hazel Twiname Trustees: Peter Whipp (Chairman), Bruce Aitken (Secretary),
John Reed, Duncan Truswell, Jim Kirkpatrick, Jon Denwood
www.EricTwinameTrust.org Registered Charity 1002313
TRUSTEES ANNUAL REPORT for Period Ending 30 November 2017
SECTION A – REFERENCE and ADMINISTRATION DETAILS
See contact details and list of trustees above. The Trust was established in 1980 in memory of Eric Twiname, a renowned dinghy sailor, journalist and author.
Independent Examiner - C.M.A. Simon FCA, 13 Malt House Close, Old Windsor, Berks SL4 2SD
Bankers - HSBC Bank plc, 74 High Street, Alton, Hampshire GU34 1EZ
SECTION B – STRUCTURE, GOVERNANCE and MANAGEMENT
Charitable status was granted in a Deed of Trust dated 9th January 1991 as amended by Supplemental Deed dated 6th October 2010. New trustees are appointed by the full committee of existing trustees, after instigating appropriate background checks and references, and being satisfied that any candidate will contribute to the successful management and charitable objectives of the trust. Due regard is placed on a candidate’s empathy with the trust’s aims to perpetuate Eric’s diverse sailing interests, principally those that arose out of his teaching and coaching of young dinghy sailors.
All trustees give their time voluntarily and receive no remuneration or expenses. The day-to-day management of the trust is vested in the secretary whilst all decisions involving funding or grants are made on a majority voting basis.
Risk Management - Declaration
The trustees can confirm that any major risks identified as being those to which the charity might be exposed have been and are continually reviewed, with procedures in place to manage them. The trustees can also confirm that there have been no serious incidents or other matters relating to the Trust that have occurred during 2017 that should have been brought to the Commission’s attention.
SECTION C – OBJECTIVES and ACTIVITIES
Summary of Objectives - The trust’s primary objective is to organise, provide or assist in the organisation and provision of facilities which will enable and encourage pupils of schools and universities in the United Kingdom to sail or yacht race or to participate in any activity associated solely with yachting, thereby to assist in ensuring that due attention is given to the physical education and development of such pupils as well as to the development and occupation of their minds.
Summary of Activities - The main activities comprise the funding of training dinghies and equipment for sailing clubs and associations. Particular regard is paid to those organisations that are unable to raise all the necessary funds for such equipment and notably to assist disadvantaged youngsters to access and benefit from the sport of sailing. Emphasis is placed on the ‘grass roots’ end of the sport and the need to provide encouragement to clubs to help youngsters on to the water. The trust also funds rigid inflatable support boats (RIBS) to assist with coaching and safety on the water and without which there would be severe limitations on club or class fleet sailing. These are provided predominantly for most of the RYA Recognised youth and junior classes, with replacement being dictated by usage. In addition the trust provides financial support for the cost of two national sailing racing events held annually (see Section D)
Public Benefit Declaration - The trustees can confirm that in their support for the amateur sport of youth sailing they have complied with their duty to have due regard to the Commission’s guidance on public benefit.
Policy on Grant Making –The first priority is to ensure that with any application it will be pupils in full-time education that will benefit. Secondly, the aim is always to put such grants to optimum effect by maximising funding across as many worthy recipients as possible, whilst always ensuring that it provides a long lasting benefit. As such the trust does not provide grants to individuals – only to bone-fide sailing organisations. Where applicants cannot satisfy trust criteria for a grant, an explanation is given in response and where possible advice offered as to what alternatives there are (including approaching other charities) to help them pursue their aims and raise the necessary funds.
SECTION D – ACHIEVEMENTS and PERFORMANCE
During 2017 the Trust’s funding support has been distributed as follows:
General - Dinghies for Club Training – the Trust has provided grants to some 13 clubs, to assist with the purchase of a total of 29 new dinghies.
Within this total is a 9th successive 25 boat RS Tera project whereby the trust subsidises each boat, whilst the manufacturer also heavily discounts its normal retail price. Aimed at the ‘grass roots’ end of the sport, notably to clubs that encourage local community participation and support for disadvantaged children, this initiative has encouraged a large number of youngsters on to the water with the establishment of Junior fleets and Junior race training programmes.
Coaching/ Support Motor Boat – 2017 was a fallow year as far as the provision of a new 5 metre Rigid Inflatable Boat (RIB) was concerned. The next new RIB financed by the Trust will be handed over to the International Optimist Class Association in March 2018.
RYA Eric Twiname Championships – the trust contributes significantly to the cost of this premier national multi-class annual event. It attracts up to 300 junior competitors aged between 8 and 15, representing the nine RYA regions and competing in three dinghy and four windsurfer classes.
RYA Eric Twiname National Youth & Junior Team Racing Championships – the trust contributes significantly towards the cost of this annual event which in 2017 saw some 200 sailors competing in 40 teams entered by clubs, class associations and schools.
SECTION E – FINANCIAL REVIEW
Income - The trust’s income derived originally from the investment legacy of Eric Twiname’s father, but has since been bolstered by at least two other major legacies. Dividends and interest payments are relied upon for regular income, with sales of assets such as shares in Investment Trusts instigated only as and when required. A financial committee of three trustees looks after the trust’s investments.
Reserve’s Policy - The trust’s policy is to retain a sensible level of capital for future funding. This is aimed primarily at maintaining the regular support the trust gives to two annual sailing championships as well as a general level of grants awarded annually for the purchase of new RIBS, dinghies and equipment. In this respect the trustees try to maintain at least 7 year’s worth of planned expenditure. Additional revenue is derived from fundraising events and donations.
The Trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity's trustees:
Peter Thomas Whipp, Chairman
Bruce Aitken, Secretary
THE ERIC TWINAME TRUST 24 January 2018