If the ferrule is in the undamaged top section, and the bottom, broken part is disposable, simply split and peel it off.

Your proposed shortened mast will end up stiffer of course, but when you can make up the length with a (long!) bottom extension, it may be usable.
That CK wrap looks to me like standard issue factory boom reinforcement seen on a few brands of masts.
Note that the section of the mast that goes over the ferrule is normally thickened and reinforced, so it would certainly be a good idea to wrap some reinforcing around the bottom part that fits over the ferrule.
Another possible option is to buy the bottom half of a compatible mast with the same size ferrule? Some RDM mast brands sell tops and bottoms separately. I have not noticed that Severne do, but that would be the ideal.
And lastly, I have seen one to two successful mast repairs for such a break, but they are very technical and difficult to do well. It could be an option if you know someone
really good with composite materials. And even then, I would not venture far from shore with it.

PS, And
always 'tape' your join. That eliminates the stuck mast syndrome 100%.