THE JUBILEE SAILING TRUST

Charity number: 277810
Charity reporting is overdue by 300 days

Charity overview

Activities - how the charity spends its money

To give people of mixed abilities and circumstances the freedom to explore their ability, potential and place in the world through inclusive adventures at sea.

Income and expenditure

Data for financial year ending 31 August 2022

Total income:
£3,088,101

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Donations and legacies £2.22m
Charitable activities £869.16k
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£3,576,406

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Raising funds £10.48k
Charitable activities £3.57m
Other £0

£0 investments gains (losses)

Total income includes £93,750 from 1 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £10.48k
Charitable expenditure £3.57m

People

20 Employee(s)

3 Trustee(s)

100 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£140k to £150k 1

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Disability
  • Amateur Sport
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 14 June 1979: Standard registration
  • 07 April 2022: Funds received from 1062432 WELSH SAILING VENTURE
Organisation type:
Other
Other names:
  • JST (Working name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

3 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Charles Humpleby Chair 01 January 2021
JUBILEE SAILING TRUST LIMITED
Charity is in administration
JUBILEE SAILING TRUST (TENACIOUS) LIMITED
Charity reporting is overdue by 666 days
MARTYN JAMES CUFF Trustee
None on record
NIALL TARRELL Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2018 31/03/2019 31/03/2020 31/03/2021 31/08/2022
Total gross income £3.75m £4.07m £3.12m £2.11m £3.09m
Total expenditure £4.98m £4.34m £3.56m £2.32m £3.58m
Income from government contracts N/A N/A N/A N/A £93.75k
Income from government grants £269.63k N/A N/A N/A N/A
Income - Donations and legacies £1.73m £2.36m £2.06m £1.21m £2.22m
Income - Other trading activities £38.44k £0 £0 £0 £0
Income - Charitable activities £1.93m £1.67m £1.04m £668.23k £869.16k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £25 £112 £0 £0 £0
Income - Other £58.23k £39.85k £18.31k £223.68k £0
Income - Legacies £181.57k £162.80k £204.63k £399.15k £255.59k
Expenditure - Charitable activities £4.49m £3.89m £3.19m £2.07m £3.57m
Expenditure - Raising funds £458.94k £451.40k £372.75k £253.38k £10.48k
Expenditure - Governance £0 £0 £0 £0 £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £22.64k £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2018 31/03/2019 31/03/2020 31/03/2021 31/08/2022
Own use assets £6.37m £6.18m £5.98m £5.04m £4.81m
Long-term investments £0 £0 £0 £0 £0
Other assets £592.46k £712.92k £1.03m £513.63k £699.70k
Defined benefit pension scheme asset or liability -£167.00k £0 £0 £0 £0
Total liabilities £5.33m £5.69m £6.26m £5.93m £6.36m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2023 Overdue Charity reporting is overdue by 300 days
Accounts and TAR 31 August 2023 Overdue Charity reporting is overdue by 300 days
Annual return 31 August 2022 23 April 2025 663 days late
Accounts and TAR 31 August 2022 23 April 2025 663 days late Download Open in new window
Annual return 31 March 2021 31 January 2022 On Time
Accounts and TAR 31 March 2021 31 January 2022 On Time Download Open in new window
Annual return 31 March 2020 15 December 2020 On Time
Accounts and TAR 31 March 2020 15 December 2020 On Time Download Open in new window
Annual return 31 March 2019 31 December 2019 On Time
Accounts and TAR 31 March 2019 31 December 2019 On Time Download Open in new window
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Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DECLARATION OF TRUST DATED 6TH OCTOBER 1978 AND SUPPLEMENTAL DEED DATED 26 AUGUST 1982, 19 DECEMBER 1986, 22 OCTOBER 1987, 5 APRIL 1993, 16 APRIL 1999, 29 OCTOBER 2002, 26 JANUARY 2005 AND 19 OCTOBER 2006.

Charitable objects

A)TO PROVIDE SAIL TRAINING FACILITIES TO ENABLE PHYSICALLY DISABLED PEOPLE OVER THE AGE OF 16 TO SHARE THE CHALLENGE OF CREWING A TALL SHIP AT SEA WITH OTHER DISABLED AND ABLE BODIED PEOPLE FOR THEIR MUTUAL AND INDIVIDUAL INTEGRATION; SUCH DISABLED PERSONS BEING HEREINAFTER REFERRED TO AS THE "BENEFICIARIES". B) TO ESTABLISH CENTRES BOTH RESIDENTIAL AND NON-RESIDENTIAL FOR THE PROVISION OF SAIL TRAINING FACILITIES FOR THE BENEFICIARIES, C) TO PROVIDE FACILITIES FOR AND CONDUCT RESEARCH INTO THE DESIGN AND BUILDING OF VESSELS SUITABLE FOR USE BY THE BENEFICIARIES AND FOR TRAINING SUCH PERSONS IN DESIGNING BUILDING AND OPERATING SUCH VESSELS, D) TO ASSIST IN THE ESTABLISHMENT OF SUCH FACILITIES FOR THE USE OF SCHOOLS HOSPITALS HOMES AND INSTITUTIONS IN ADDITION TO THOSE ESTABLISHED BY THE TRUST AND TO CO-OPERATE WITH OR ENTER INTO JOINT PROMOTION ARRANGEMENT WITH OTHER INSTITUTIONS OF BODIES HAVING SIMILAR CHARITABLE OBJECTS TO THOSE OF THE TRUST.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
Jubilee Sailing Trust
Enterprise House
Ocean Way
Ocean Village
Southampton
SO14 3XB
Phone:
02380449108
Email:
info@jst.org.uk
Website:

www.jst.org.uk Open in new window