ailing charity raises £675K11/07/2022Save articleThe Jubilee Sailing Trust has raised £675K as part of its Covid Recovery Campaign. The target is to reach £1.2m by the end of September.SHOW FULLSCREENThe Jubilee Sailing Trust has raised more than 50% of its fundraising targetThe funds are required to pay the daily operational costs to allow the Trust’s tall ship Tenacious to continue sailing and delivering its mission, giving people of mixed abilities and circumstances the freedom to explore their ability and potential at sea.The Trust issued a warning earlier in 2022 stating that it was close to closure due to the financial effects of the Covid-19 pandemic.A series of fundraising targets were set, the first of which – £500K – was met in May.In a statement, CEO Patrick Fleming, said the charity has received incredible support and an unprecedented level of bookings for voyages through to the end of April 2023.“Our mission is committed to inclusion: bringing together the power of people of all ages and walks of life to share the experience of crewing a tall ship together, on equal terms,” he said. “Over the past 44 years, we have evidenced the power of our mission by providing voyages for more than 50,000 people.”And Patrick stated that the Trust is working with its trustees and external advisers to model different future financial and structural strategies, including looking at new methods and audiences to enhance its viability.This includes more ‘in-kind’ support, particularly related to the costs of running Tenacious to reduce its growing operating costs together with actively seeking further corporate sponsorship support.Discussions on the sale of Lord Nelson continue.TopicsIndustry NewsJSTSailing charitytall ship

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