THE ERIC TWINAME TRUST

Registered Address: 26 Ashcombe Avenue, Surbiton, Surrey KT6 6QA
Secretary - Tel: 07767 262561   Email: erictwinametrust@btinternet.com

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 the period

 
 

From

Period start date

To

Period end date

 
 

1st

December

2017

30th

November

2018

 
 

 
 

Section A                       Reference and administration details

 
 

 
 

Charity name

THE ERIC TWINAME TRUST

 
 

 
 

Other names charity is known by

   
 

 
 

Registered charity number (if any)

1002313

   
 

 
 

Charity's principal address

26 Ashcombe Avenue

 
 

Surbiton

 
 

Surrey

 
 

Postcode

KT6 6QA

 
 

 

 

Names of the charity trustees who manage the charity

 
 

Trustee name

Office (if any)

Dates acted if not for whole year

Name of person (or body) entitled to appoint trustee (if any)

 

1

Peter Whipp

Chairman

 

Eric Twiname Trust trustees

 

2

John Reed

   

Eric Twiname Trust trustees

 

3

Duncan Truswell

   

Eric Twiname Trust trustees

 

4

Jim Kirkpatrick

   

Eric Twiname Trust trustees

 

5

Jon Denwood

   

Eric Twiname Trust trustees

 

6

Bruce Aitken

Secretary

 

Eric Twiname Trust trustees

 

7

       
 

8

       
 

9

       
 

10

       
 

11

       
 

12

       
 

13

       
 

14

       
 

15

       
 

16

       
 

17

       
 

18

       
 

19

       
 

20

       
 

Names of the trustees for the charity, if any, (for example, any custodian trustees)

 

Name

Dates acted if not for whole year

     
     
     
                                                               
 

Names and addresses of advisers (Optional information)

Type of adviser

Name

Address

 

Independent Examiner

CMA Simon FCA

13 Malt House Close, Old Windsor, Berkshire SL4 2SD

 

Bankers

HSBC Bank plc

74 High Street, Alton, Hampshire GU34 1EZ

 

 

     

 

     

Name of chief executive or names of senior staff members (Optional information)

 
   
         

Section B             Structure, governance and management

Description of the charity’s trusts

Type of governing document  
(eg. trust deed, constitution)

Trust Deed - dated 9th January 1991 as amended by Supplemental Deed dated 6th October 2010.

How the charity is constituted
(eg. trust, association, company)

Trust

Trustee selection methods
(eg. appointed by, elected by)

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. As the trust was set up in memory of Eric Twiname, renowned dinghy sailor, journalist and author, 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.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

  • policies and procedures adopted for the induction and training of trustees;
  • the charity’s organisational structure and any wider network with which the charity works;
  • relationship with any related parties;
  • trustees’ consideration of major risks and the system and procedures to manage them.

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 and grants are made on a majority voting basis.

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 during 2018 that should have been drawn to the Charity Commission’s attention.

       

 

Section C                   Objectives and activities

 

                                                    

 

 

 

 

 

 

 

Summary of the objects of the charity set out in its governing document

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 the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

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 support rigid inflatable 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. Predominantly these are provided 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).

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.

 

Additional details of objectives and activities (Optional information)

 

You may choose to include further statements, where relevant, about:

  • policy on grantmaking;
  • policy programme related investment;
  • contribution made by volunteers.

The trust’s policy on grant making is firstly 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 always given in response and where possible advice offered as to what alternatives (including approaching other relevant charities) there are to help them pursue their aims and raise the necessary funds.

 
         
Section D                     Achievements and performance

Summary of the main achievements of the charity during the year

General - Dinghies for Club Training – during 2018 the trust has provided subsidies or made partial or full grants to some 9 clubs, to assist with the purchase of a total of 19 new dinghies, 16 new dinghy mainsails and 3 Survitec dumpy buoys.

Within this total is an on-going 10th successive RS Tera scheme 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 helped a large number of youngsters on to the water with the establishment of Junior fleets and Junior race training programmes.

Coaching/ Support Motor Boat – in March 2018 a Trust funded new 5 metre Rigid Inflatable Boat (RIB) was handed over to the Optimist class.

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/ four windsurfer classes. In 2018 the event was extended by an additional day, so is now a 3 day regatta over a Bank Holiday weekend.

 

RYA Eric Twiname National Youth & Junior Team Racing Championships – the trust contributes significantly towards the cost of this annual event which in 2018 saw 256 sailors competing in 48 teams entered by clubs, class associations and schools.

Section E                   Financial review

Brief statement of the charity’s policy on reserves

The trust’s reserves policy is to retain a sensible level of capital for future funding. This is primarily aimed at maintaining the regular financial 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 seven year’s worth of planned expenditure. Additional revenue is derived from fundraising events and donations.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

  • the charity’s principal sources of funds (including any fundraising);
  • how expenditure has supported the key objectives of the charity;
  • investment policy and objectives including any ethical investment policy adopted.

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. Dividend 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 sub-committee of three trustees looks after the trust’s investments.

Section F                     Other optional information

 

 

Section G                   Declaration

 
 

The trustees declare that they have approved the trustees’ report above.

 

Signed on behalf of the charity’s trustees

 

Signature(s)

     

 

Full name(s)

Peter Thomas Whipp

Peter Bruce Aitken

 

 
 

Position (eg Secretary, Chair, etc)

Chairman

Secretary

 
 

 
 

Date

23 January 2018