ATLANTIC

YOUTH TRUST

2013 / 2014 Annual Report

ATLANTIC
YOUTH TRUST
2013 / 2014 Annual Report

3
 Contents ATLANTIC
YOUTH TRUST

Vision
1. Chairmans Foreword Page 6
To be the best youth development maritime organisation in the world.

2. Charity Overview Page 7

Mission
3. Presidents Foreword Page 9
To offer young people on the island of Ireland, and our diaspora,
the best possible youth development and educational opportunities
4. Trustees and Directors Page 10
at sea. Incorporated will be peace and reconciliation, job creation,
tourism, enterprise, and adventure.
5. Executive Directors Report Page 11

6. Journey to Date Page 12 Delivery

A transparent, professionally managed, public-private dynamic
7. Financials Page 17 partnership will deliver the Vision and Mission. Entrepreneurial,
it will engage and connect all Stakeholders - and build on the great
8. Supporters Page 21 legacy of Asgard II and The Lord Rank.
Developing Ocean Wealth, the outcome will be a sustainable world-
class, local and global organisation, for mutual and collective benefit -
for over 1,000 youth annually - and making our world a better place in
the Spirit of Excellence and Adventure.

4 5
1 Chairmans Foreword
Going to sea on sailing ships is
a powerful learning experience
for anyone.
The long-term impact of the Atlantic Youth Trust will change attitudes and oppor-
tunities for young people on this island forever.
Having founded the Ocean Youth Club in Northern Ireland over 30 years ago I am
thrilled to play an honorary Chairmans role for the exciting Atlantic Youth Trust.
As Chairman of Tall Ships Belfast in 1991 we first exposed Northern Ireland to the
joys and benefits that such stunning vessels bring and we partnered with the then
very successful Asgard in the Republic.
Unsurprisingly todays regulatory environment is a very different landscape than
when we set out in the 1960s. The technical specification of the ship together with
the manning requirement is incredible and it brings safety standards to the highest
possible level. This naturally increases costs but more importantly brings safety far
beyond what has traditionally been seen in the industry.
Having witnessed the change that a relatively short time at sea can have on a young
person, I am adamant that the return on investment to society in the Atlantic Youth
Trust far outweighs the costs. For professionalism we need scale, and our analyses
have proven it makes sense to operate a larger joint vessel for the benefit of youth
irrespective of politics.
Needless to say the fundamental outcomes and objectives havent changed. Leader-
ship, teamwork, communication, friendships, understanding, tolerance, and peace
and reconciliation are as relevant today as they were 30 years ago.
The Atlantic Youth Trust is a world-class solution that will deliver the above out-
comes to young people in Northern Ireland, the Republic of Ireland, and further
afield. The work over the past year has laid the foundations for what is to become a
true flagship for the island in terms of peace, education, youth development, and
adventure.
The Lord Glentoran,
Robin Dixon
6 7
Charity Overview 2
Objective
Our objective is to bring young people from the Republic of Ireland and Northern Ireland together for
youth development voyages on a purpose-built tall ship. Based on success here, we will execute other
projects to complement this and deliver on both our Vision and Mission. We will also operate in a
broader European and global context and connect with our diaspora.
This is not about teaching people to sail; it is about developing the self-esteem, teamwork, leadership,
and communication skills of fifteen to eighteen year olds. At the same time we will play an important
role in furthering peace and reconciliation on the island while promoting employment, careers and
the development of the maritime sector.
Background
Three years of local and international research pointed us towards a youth development model in
New Zealand that has been running successfully for over forty years and is now integrated into the
education system.
We are replicating almost all aspects of their ship and organisation, improving on it where possible,
and tailoring it to our local needs. In addition we will integrate our programme into Irelands Ocean
Wealth Strategy and help grow the maritime industry.
Programme
The core annual programme will be focused on ten-day youth development voyages for 15-18 year
olds. Forty trainees will be recruited for each voyage, (twenty males and twenty females) from forty
different schools or youth groups across the island. This will help create a cross section of society on
each voyage. From this basis other specialist activities will develop.
Programme Advisory Panel
1. Captain Mike Cunningham 7. National Maritime College of Ireland
2. Co-operation Ireland 8. Sail Training Ireland
3. Daffodil Care Services 9. Spirit of Adventure Trust
4. Dr Dermot Stokes 10. University of Ulster
5. Forige 11. Youth Council for Northern Ireland
6. Mr John Lonergan
Engaging with the islands diaspora is another key priority. Tailored packages will offer unique oppor-
tunities to experience Irish culture while exploring the island by sea. Periodic transatlantic voyages
will also take place to engage with Irish and Northern Irish Americans.
Impact
The ship will facilitate over 1,000 youth development trainee places a year, 100 youth rehabilitation
opportunities a year, thousands more introduced to the sea, tall ship races attracted to the island,
tangible diaspora engagement, consistent maritime economy stimulus, all over the 30-year minimum
lifespan of the ship.
 The Ship
Presidents Foreword 3
Pictured on the front cover is what months of research
and consultation produced with Damen Shipbuilders and
Dykstra Naval Architects. It will be the safest tall ship
afloat, built and manned to full passenger ship rules.

Vessel Advisory Panel

1. Ardmore Shipping 9. Lloyds Register
2. Arklow Shipping 10. Mark Small
3. Captain Dave Hopkins Mainport Shipping 11. Rob Doyle Design
Welcome to our first Annual Report.
4. Captain Liam Kavanagh 12. Rob Jacob
5. Captain Liam Keating 13. Rob McConnell
Our start was tempting faith. It was taking on the odds at a time when optimism and
6. Cmdr William Roberts 14. Russell Best OBE ambition were scarce, You mean, in our state of financial crisis, that you want to raise
7. Harland & Wolff 15. Spirit of Adventure Trust money to build a sailing ship for young people?!
8. John Toner Maritime Management
Others might say madness, however there is a method to it. Times are changing and
life for us mere mortals is to dream dreams.
Funding
The dream is a beautiful, elegant yet functional ship designed to develop and ed-
A Seed Fund has been raised from corporates and private individuals who have kindly supported and ucate young people. It will be the best in the world and will take over 1,000 young
share the Atlantic Youth Trusts Vision and Mission. They are further acknowledged in this report and people from all over Ireland to sea, annually, for youth development voyages. Addi-
they deserve the thanks and appreciation of all. tional places will be open to our diaspora.
Capital funding is being sought from four broad categories: the Northern Ireland and Republic of Ireland In doing so the vision is that the ship, as well as developing our young people, will
governments, the EU, and philanthropic sources including foundations. promote tourism, enterprise, our ports and of course the marine in sowing the seed
Several funding sources have expressed interest in getting in behind the projects capital appeal and op- to harvest our ocean wealth for future generations.
erations budget. The final part of which will be a public appeal in order to create a sense of ownership. The Atlantic Youth Trust would not exist but for the imagination and support of our
seed funders and those who were early to endorse the concept. They are all listed
Timeline in this report. They should be thanked, supported and acknowledged as the smart
Once sufficient capital is secured we will put the full design and build of the ship out to tender. The money.
ship will then be deliver a full programme for 30 plus years, after which it will be refitted or replaced.
Excellence is perused in every activity were involved in from designing the ship to
developing our programmes. Our youth deserve the best and this is what were de-
livering a world-class solution.

Conclusion
Warm regards,
What were creating will leave an incredible legacy in terms of youth development, Enda OCoineen
education, peace and reconciliation, enterprise, and tourism.
We welcome you to join us on this journey to create a lasting culture of cooperation,
prosperity, and peace on the island.

8 9
 4 Member Trustees & Directors
All Directors and Trustees donate their time, skills, and expertise to the Trust.
We would like to acknowledge their commitment and generosity.
1. John Killeen Businessman, Chairman of the Irish Maritime Institute, passionate sailor &
philanthropist with extensive experience of building vessels
2. Lord Glentoran Member of the House of Lords, former Chairman of Tall Ships Belfast &
Ocean Youth Club Founder
3. David Beattie One of Irelands leading legal advisors with expertise in corporate governance &
finance in addition to forty years sailing experience
4. Roger Courtney Extensive experience in the public & private sector, a strong volunteering ethos
& a firm believer in cross border youth development
5. Peter Cooke (to be appointed at AGM) Businessman, former Ocean Youth Trust Chairman,
Sailor, with experience in building large yachts
6. Enda OCoineen Project founder, entrepreneur, adventurer & philanthropist with a track record
of delivering large complex projects in a range of sectors
7. Dr Gerard OHare CBE Current Tall Ships Belfast Chairman, prominent Northern Irish
businessman, philanthropist & Council Member of The Princes Trust
8. Jerry Dowling Sailor, businessman & passionate about developing young people through
the medium of the sea
9. Sean Lemass Sailor, businessman & youth development tall ship advocate with extensive event
management experience
10. Neil OHagan Company Secretary & Atlantic Youth Trust Executive Director
Governing Trustees
The large capital funders will help shape the final structure. It is anticipated to fall under the following
categories as stipulated in the Memorandum and Articles of Association.
All major stakeholders will be represented.
OFMDFM
Taoiseach / Tnaiste
Philanthropic
National Maritime College of Ireland
University of Ulster / NUI
Founding Group
Post Primary / Youth Representative
10
Executive Directors Report 5
The past year has been incredibly exciting, challenging and most impor-
tantly, successful. The underlying belief in what were creating has driven
us to overcome many complex issues and has opened up many new op-
portunities.
We started with a vision of what we wanted the final organisation to look like
and have been tweaking and modifying the details as we speak to more and
more stakeholders.
The goodwill and generosity towards the organisation has been overwhelm-
ing. From naval architects, to youth organisations, to fellow charities, to individuals, we simply could
not have achieved what we have without their services, time, products, and advice. Our small core
team is heavily reliant on the expertise of others and the culture of volunteering is one we hope will
last.
We now have strong connections into all the relevant stakeholders that will bring us from proposal
stage to operations. Early indications are that we will start to see large amounts of capital pledged to-
wards the end of 2014. Crucially support has been found equally on both sides of the border and we
are on track to create the first truly shared space to educate and develop future generations.
In addition to the long-term plan weve also engaged in a number of tangible examples of what we
aspire to do on an ongoing basis. These included:
Partnering with Forige to send five youths and three youth workers to complete 10-day youth
development voyages with the Spirit of Adventure Trust in New Zealand
Partnering with The Ireland Funds to enable four New Zealand youths of Irish descent to sail from
Sydney to Auckland in the Tall Ship Races
Working with Sail Training Ireland and Ocean Youth Trust Ireland to recruit 50 young people
from Northern Ireland and 50 from the Republic to sail from Belfast to Dublin on tall ships
Showcasing the activities and outcomes has proven an excellent way of engaging potential funders
and user groups. The return of the Tall Ship Races to Belfast, Chaired by Atlantic Youth Trust Trustee
Dr Gerard OHare CBE, in 2015 is providing even more opportunities to build on the above.
We now have created a sense amongst our key stakeholders that the project must happen, not just
should happen. There are still many variables outside our control but the platform we have created
puts us in a strong position to deliver on our long-term vision.
The objective over the coming year is to get the capital committed, sign a contract to have the ship
built, and continue engaging with tangible examples to demonstrate the power of educating and de-
veloping young people at sea.
In search of excellence our door is, as ever, open and were eager to hear from as many potential
stakeholders as possible. Now is the time to fine-tune our plans to ensure the long-term success of the
charity.
Neil OHagan
11
 6 Journey to Date
The seeds of the Atlantic Youth Trust were sown three
years ago with the Tall Ship Reference Group.
The first public meeting was kindly hosted by Dublin Port and brought together
tourism, education, enterprise, port, youth and maritime interests.
With the economy in free fall it was a challenging time. In Northern Ireland we had
lost the Lord Rank and in the Republic, Asgard II.
Rather than start with a fixed idea or with an existing organisation and all that the
status quo entails, it was felt best to start with a clean-sheet of paper to find the best
solution for the island.
There were many debates such as: a new build versus second hand ship, build two 70
foot yachts rather than one tall ship, to replace Asgard II with a ship the same size, or
a larger ship, finally not to have a ship at all and instead use resource to place youth
on other sail training vessels.
It was all a melting pot but what was clear was the desire to create a cross border
organisation, focused on young people, with safety as the primary objective.
After the first public meeting CHL Consulting Group were appointed to inde-
pendently research the industry. Fees were funded by Kilcullen Kapital Partners
(Enda OCoineen) and Parker Green (Dr Gerard OHare) and then the next key step
was a meeting with the group who supported the building of the complex racing
yacht, Green Dragon, and the organisers of the Volvo Ocean Race in Ireland who
agreed to put their weight fully behind the project
CHL, led by Michael Counihan and supported by Cian Gallagher, who has been with
the project since the start, held over 40 research and consultation meetings.
These ranged from the National Maritime College in Cork to the Youth Council for
Northern Ireland. CHL also conducted a global survey. The operations, funding,
management, people and all aspects of 16 similar organisations around the world
were evaluated.
These ranged from Bermuda where tall ships are used to integrate young people
who traditionally didnt mix, to Scandinavia where tall ships are used for youth re-
habilitation instead of detention.
In the end the Spirit of Adventure Trust in New Zealand was found to be the best
model and most interesting fit from an Irish perspective. Similar population sizes,
tough climate conditions, similar types of cultural challenges, a clear focus on youth
development and education meant it deserved further investigation.
12
As a result, Enda OCoineen went out to New Zealand and met with the Spirit of
Adventure Trust. A strong rapport was built with the CEO, Dean Lawrence, and the
Chairman, Stephen Fisher.
A strategic relationship was developed. At different times Stephen Fisher & Dean
Laurence came to Ireland and attended meetings in Dublin and Belfast, connecting
with key officials, that included Minister for Marine, Simon Coveney.
On being appointed to his new role as Executive Director, Neil OHagans first task
was to fly to New Zealand and undertake a training voyage on board the Spirit of
New Zealand. The learnings from that trip proved invaluable in the development of
the Atlantic Youth Trust.
The core ethos of the Atlantic Youth Trust, its Trustees and global network is vol-
untary. This is what will make the operation of the vessel economical. However, for
success a small core of professionals is necessary to deliver our mission.
The employment of Neil OHagan was a turning point. His professional background,
qualifications and dynamic youthful energy, brought a new dimension to the proj-
ect.
Having worked with Stakeholder Communications in Belfast and grown-up in
Dublin with Northern Irish parents from both sides of the community, Neil ticked
all the boxes as the executive to nurture, lead and bring the project to the next stage.
A very significant gesture was the decision by the Commissioners of Irish Lights, led
by Chief Executive Yvonne Shields, to give us office space in their stunning building
in Dun Laoghaire.
Not only is this a cost saving, it also gives the Atlantic Youth Trust a base in a thor-
oughly professional environment - since Irish Lights are responsible for navigation
throughout the island. Additionally, Irish Lights staff has a depth of knowledge and
interest in the maritime, making them invaluable sounding boards and supporters
of the project.
Having established an office base in both Dublin and Belfast, the focus shifted to
building support and a Seed Fund. It was decided not to approach either govern-
ment until we had the required level of support to do so with confidence.
This proved beneficial as we are now dealing with senior politicians and philanthro-
pists and are in a position to answer their questions.
13
 The following are some of the highlights since formation and how
our seed funding has been applied supported by benefit-in-kind
assistance volunteer input.
New Zealand
The Chairman, Stephen Fisher, and CEO, Dean Lawrence, have now
visited Dublin and Belfast to meet with stakeholders. This subse-
quently led to a number of developments:
Agreement An information sharing and advisory agreement was signed between the two organ-
isations. This allows access to information that has helped to shape our future plans.
New Zealand Trip Neil OHagan travelled to Auckland to complete a 10-day youth development
voyage on the Spirit of New Zealand as a volunteer watch leader. This gave a deep insight into the
programme, ship, crew, and wider organisation. Following the voyage Neil spent a number of days
in the office with CEO Dean Lawrence and his team to gain a greater understanding of the on
shore activities. Trustee Dr Gerard OHare CBE also visited the ship and met with Dean Lawrence.
Neil OHagan (Atlantic Youth Trust),
Dean Lawrence (Spirit of Adventure Trust CEO),
Dr Gerard OHare CBE (Atlantic Youth Trust Trustee)
on the deck of the Spirit of New Zealand
Forige Visit Through private philanthropy the Atlantic Youth Trust was tasked to manage a fully
funded 22-day trip to New Zealand for five youths and three youth workers from Galway. They
took part in a 10-day youth development voyage.
Two of the youths who were not in education, training, or employment have subsequently re-
turned to full time education.
Spirit of New Zealand,
Great Barrier Island,
May 2013
14
Sydney to Auckland
Four young New Zealanders of Irish decent sailed on the Spirit of New Zealand from Sydney to Auck-
land in October 2013. The voyage enabled the Atlantic Youth Trust to raise its profile locally in New
Zealand and also to trial the concept of diaspora engagement. It was considered a huge success, and in
time the model will be rolled out in other locations. This was jointly funded by The Ireland Funds, Dr
Gerard OHare CBE, and the Atlantic Youth Trust.
Sail Training International Conference Denmark
Atlantic Youth Trust President, Enda OCoineen, Neil OHagan, and
Captian Liam Kavanagh (Trust Advisor) attended the two-day conference
in Aalborg, Denmark. The objective was to learn about other organisation
models and to seek advice and contacts.
Damen & Dykstra Amsterdam Trip
Liam Kavanagh (Atlantic Youth Trust), Neil OHagan
(Atlantic Youth Trust), Michael Byrne (Sail Train-
ing Ireland), Arjen van Elk (Damen), Coen Theunisse
(Damen), John Toner (Maritime Management), Thys
Nikkels (Dykstra CEO)
The above team met in Dykstra Naval Architects office in Amsterdam to discuss the required speci-
fications, layout and design of the new ship. Following number of alterations a final concept was ap-
proved and handed over at an event in Dublin. The event was attended by an extended Damen team,
seed funders, and supporters.
Consultations
As part of a wider support building strategy numerous talks and consultations have taken place.
Below are some of the most important:
1. Nautical Institute and Institute of Marine Engineering, Science and Technology
at National Maritime College of Ireland, Cork
2. Nautical Institute and Institute of Marine Engineering, Science & Technology
at Commissioners of Irish Lights, Dublin
3. Master Mariners at Commissioners of Irish Lights, Dublin
4. Freres de la Cote at Royal Irish Yacht Club, Dublin
5. Freres de la Cote at Ardtara Country House Hotel, Derry/Londonderry
6. Royal Institute of Naval Architects and Institute of Marine Engineering, Science
& Technology at The Mission to Seafarers, Belfast
7. Rotary Club at Europa Hotel, Belfast
8. Inland Waterways Association of Ireland at Hughie Lynchs, Offaly
9. Tangible Ireland New York at Rockefeller Centre, New York
10. Tangible Ireland Crossmaglen at The Cross Square Hotel, Crossmaglen
15
 Financials 7

The Atlantic Youth Trust was formed as the Pride of Ireland Trust and is in the process of legally
Deirdre Lane (Chairman, changing name. As a result the accounts are under the original company name.
The Nautical Institute
Ireland Branch), Expenditure related to the Forige New Zealand trip for youths was not paid for from core seed funds.
Neil OHagan 7,550.20 was given directly to fund aspects of the trip by private donation under the management of
the Trust.
Income for the period was 187,636, Expenditure was 146,068, leaving a Surplus of 41,568. Below
is an Expenditure breakdown.

Round Ireland Yacht Race 2014

An entry into this years Round Ireland Yacht Race raised funds for the Atlantic Youth Trust.
Legal and Professional Travel & Meeting Costs 10%
USA (Including in kind services) 11%
Other 2%
Engaging with the Irish/Northern Irish Printing, Postage & Stationary 3%
diaspora is a priority of the Trust. Hence Research Document 16%
there were three main focal points for this Telephone 1%
throughout the year. Spirit of Adventure Trust
Voyages & Events 6% Cooperation 11%
On St. Patricks Day New York 2014, Neil OHagan attended numerous events while on a personal
holiday. They included a drinks reception hosted by the Secretary of State for Northern Ireland in Remuneration 39%
Office Equipment 1%
the Consulates Residence and attendance at the US Ireland Councils St Patricks Day Lunch.
A second visit was spurred on by the invitation from the American Ireland Fund to be a guest at
their largest dinner of the year. Combined with this visit was a presentation at a Tangible Ireland
Event and numerous other meetings with organisations such as NI Connections, NI Bureau and
Irish Central.
The most recent activity has focused around the New York Clipper Yacht Race Stopover. Pride of Ireland Trust Ltd
The Atlantic Youth Trusts Campaign Manager, Laura McManus, hosted guests at events during T/A Atlantic Youth Trust
the weeklong event. (A company limited by guarantee, not having a share capital)
Also we supported a 5 person youth team from Howth who promoted the Atlantic Youth Trust
in New York. Income & Expenditure Account
for the period from 2 October 2013 (date of incorporation) to 31 July 2014
Jul 14
Notes
Income 2 187,636
Expenditure (146,068)
Surplus for the period 8 41,568

The company has no recognised gains or losses other than the surplus for the period. The results for
the period have been calculated on the historical cost basis. The companys income and expenses all
relate to continuing operations.

16 17

Balance Sheet
as at 31 July 2014
Fixed Assets Additions 1,650 1,650
Tangible assets 4 1,444
Current Assets
Debtors 5 44,205
Cash at bank and in hand 6,929
51,134
Creditors: Amounts falling due within one year 6 (11,010)
Net Current Assets/(Liabilities) 40,124
Total Assets less Current Liabilities 41,568
Reserves
Income and expenditure account 8 41,568
Members Funds 9 41,568
Notes To The Financial Statements
for the period from 2 October 2013 (date of incorporation) to 31 July 2014
1. PERIOD OF FINANCIAL STATEMENTS
The financial statements are for the 9 months 30 days period from 2 October 2013 (date of incorpo-
ration) to 31 July 2014.
Date company was incorporated: 2 October 2013
2. INCOME
The income for the period has been derived from: Jul 14
Donations 172,636
Services In Kind 15,000
187,636
The whole of the companys income is attributable to its market in the Republic of Ireland and is
derived from the principal activity of the provision of charitable services in relation to education and
development through exposure to the maritime and through the medium of sail training. Income
consists of donations receivable and services in kind.
3. OPERATING SURPLUS
Operating surplus is stated after charging/(crediting):
Depreciation of tangible assets 206
Research and development
- expenditure in current period 39,351
18
4. TANGIBLE FIXED ASSETS
Fixtures, fittings & equipment Total
Cost
At 31 July 2014 1,650 1,650
Depreciation
Charge for the period 206 206
At 31 July 2014 206 206
Net book value
At 31 July 2014 1,444 1,444
5. DEBTORS
Other debtors 7,205
Prepayments and accrued income 37,000
44,205
Accrued income refers to donations pledged on or before 31st July 2014 but not received at that date.
5. Creditors
Amounts falling due within one year
Trade creditors 9,288
Accruals 1,722
11,010
7. STATUS
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of
its being wound up while they are members or within one year thereafter for the payment of the debts
and liabilities of the company contracted before they ceased to be members and the costs, charges and
expenses of winding up and for the adjustment of the rights of the contributors among themselves
such amount as may be required, not exceeding 1.
8. INCOME AND EXPENDITURE ACCOUNT
Surplus for the period 41,568
At 31 July 2014 41,568
9. RECONCILIATION OF MOVEMENTS IN MEMBERS FUNDS
Surplus for the period 41,568
19
 10. CAPITAL COMMITMENTS
Supporters 8
The company had no material capital commitments at the period-ended 31st July 2014.
In a short space of time we have build up a network of over 1,000 supporters.
11. POST-BALANCE SHEET EVENTS Listed below are important seed funders.

There have been no significant events affecting the company since the period-end.
Seed Funders

12. CASH FLOW STATEMENT 1. Arklow Shipping 15. GoSailing.ie

2. ATA Group
12.1 RECONCILIATION OF OPERATING SURPLUS TO NET CASH Jul 14 3. Belfast Harbour
4. Brian Lynch
Inflow from operating activities
5. Carson McDowell
Operating surplus 41,568 6. Centre of English Studies
Depreciation 206 7. Daffodil Care Services
Movement in debtors (44,205) 8. Denis OBrien
Movement in creditors 11,010
9. Dermot Desmond
Net cash inflow from operating activities 8,579 10. Donal & Fiona OShaughnessy
11. Dr Gerard OHare CBE
12.2 CASH FLOW STATEMENT
12. Enda OCoineen
Capital expenditure 13. Fingleton White & Co. Ltd
14. Galway Harbour Company
Payments to acquire tangible assets (1,650)
16. IrishCruising Club
17. Joe Ryan
18. John Coyle
19. John Killeen
20. Mainport Shipping - David Royane
21. Mash Direct - Martin Hamilton
22. Matheson - Michael Prentice
23. NUI Galway Foundation
24. Sceptre Foundation
25. Sean Lemass
26. Techrete - Chris ODea
27. Peter Bowring

12.3 ANALYSIS OF CHANGES IN NET FUNDS And those individuals that supported our numerous events throughout the year.

Cash Closing
flows balance

Cash at bank and in hand 6,929 6,929
Net funds 6,929 6,929

20 21
 General Supporters

1. Andrew Byrne 34. Michael Byrne Sail Training Ireland

2. Ardmore Shipping Limited 35. Michael Counahan CHL Consulting Group
3. Billy Walshe 36. National Maritime College of Ireland
4. Brendan Tuohy 37. NI Bureau
5. Brian Sheridan Galway Harbour 38. NI Connections
Company 39. Nicola Mitchell
6. Captain Chris Blake OBE 40. Ocean Youth Trust Ireland
7. Captain Liam Kavanagh 41. Paul Carroll Daffodil Care Services
8. Captain Liam Keating 42. Pearse OToole
9. Captain Martin Donnelly 43. Peter Cooke
10. Captain Mike Cunningham 44. Peter Crowley
11. Cian Gallagher 45. Peter Sheridan Cooperation Ireland
12. Cliff Hilliard Irish Cruising Club 46. Raymond Sexton Tangible Ireland
13. Cmdr William Roberts 47. Richard Barnett University of Ulster
14. Colin and Rosemary Mudie 48. Richard Wasson
15. Commissioners of Irish Lights 49. Rob Doyle Design
16. Commodore Hugh Tully 50. Rob Jacob
17. Damen 51. Rob McConnell
18. David Guilfoyle - Youth Council 52. Robert McCabe
for Northern Ireland 53. Rodney Walshe
19. Enda Wormsley 54. Rotary
20. Gerry Read 55. Russell Best
21. Ian Jeffers The Princes Trust 56. Sail Training Ireland
22. Inland Waterways Association of Ireland 57. Sheila Tyrell Arklow Shipping
23. James Horan 58. Simon Coveney TD
24. John Lonergan 59. Spirit of Adventure Trust
25. John Toner - Maritime Management 60. Stephen Poever
26. Karlanne OLeary 61. The American Ireland Funds
27. Ken Morrison 62. The Ireland Funds
28. Kevin Moore 63. The late Captain Cian Timmons
29. Leslie Buckley 64. Thelma Thompson
30. Lloyds Register 65. William Prentice Matheson
31. Mark Small 66. Yvonne Shields Commissioners of Irish
32. Martin Hamilton Lights
33. Martin McDonagh

It is with great sadness that we would like to acknowledge the late Captain Cian Timmons who passed
away during the year, additionally a young New Zealander, Vincent Loos. Both helped shape the Trust
by sharing their knowledge and experiences and in turn will impact the lives of future generations.

22 23
 ATLANTIC
YOUTH TRUST

Atlantic Youth Trust Atlantic Youth Trust

Commissioners of Irish Lights Belfast Harbour Marina Office
Harbour Road Queens Quay
Dun Laoghaire Belfast
Co Dublin Co Down

Company Registration Number 533507

CHY 21079