## **Ocean Youth Trust South** _**Adventure Under Sail**_ 


## **2025 Annual Report** 


© Ocean Youth Trust South 2026 



## This Annual Report sets out the financial statements of Ocean Youth Trust South, in addition to highlighting the achievements and key developments for the year. 

## Table of contents 

THE OBJECTIVES OF THE TRUST ........................................................................................................................... 4 ABOUT OCEAN YOUTH TRUST SOUTH ................................................................................................................. 5 THE 2025 SAILING SEASON .................................................................................................................................. 6 2025 FACTS AND FIGURES ................................................................................................................................. 13 MAKING A LASTING DIFFERENCE ....................................................................................................................... 14 # SAIL TO WELLBEING ....................................................................................................................................... 15 YOUNG VOLUNTEER OF THE YEAR .................................................................................................................... 16 HONORARY LIFE MEMBERS ............................................................................................................................... 17 OBITUARIES ...................................................................................................................................................... 17 CHRIS ELLIS AWARD .......................................................................................................................................... 21 FINANCE AND FUNDING .................................................................................................................................... 22 DONATIONS AND SUPPORT............................................................................................................................... 23 PATRON AND VICE PATRONS ............................................................................................................................ 24 OYT SOUTH BOARD OF TRUSTEES ..................................................................................................................... 24 TRUSTEE FAREWELLS ........................................................................................................................................ 26 OYT SOUTH STAFF ............................................................................................................................................. 27 ADVENTURE UNDER SAIL .................................................................................................................................. 29 

## Financial statements for the year ended 31[st] October 2025 

CHARITY INFORMATION .................................................................................................................................... 33 TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT ............................................................................................. 34 INDEPENDENT EXAMINER’S REPORT ................................................................................................................. 40 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) ........................... 41 BALANCE SHEET AS AT 31 OCTOBER 2025 ......................................................................................................... 42 STATEMENT OF CASH FLOWS ............................................................................................................................ 43 ACCOUNTING POLICIES ..................................................................................................................................... 44 NOTES TO THE FINANCIAL STATEMENTS ........................................................................................................... 46 



## **OCEAN YOUTH TRUST SOUTH** 

Registered Charity No. 1079959 

## **2025 ANNUAL REPORT** 

For the year ending 31 October 2025 

The Trust is registered in England and Wales as a company limited by guarantee (No. 3898084) 

The Trust’s address for correspondence and registered address is: 

**Ocean Youth Trust South, Unit 2, Endeavour Building, Shamrock Quay, Lower William Street, Southampton SO14 5QL** 

**Tel: 02392 602278** 

**Website: www.oytsouth.org** 

**Email: office@oytsouth.org** 




## **THE OBJECTIVES OF THE TRUST** 

Ocean Youth Trust South exists to offer personal development through adventure under sail to young people aged 11 to 25. 

The majority of young crew members come from vulnerable or disadvantaged backgrounds or face significant problems at home or at school; but there are also places for young people from mainstream backgrounds. 

Young crew members living in a wide variety of circumstances benefit enormously from being taken out of their familiar environment and encouraged to face new challenges, enjoy new experiences, make friends, work as a team, acquire new skills and, above all, develop their confidence. 

In practice this is achieved by putting twelve to fifteen young people together on board our 32-metre ketch, _Prolific,_ with safety and support provided by skilled sea staff. 

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## **ABOUT OCEAN YOUTH TRUST SOUTH** 

## **Background and purpose** 

- Ocean Youth Trust South is one of three independent regional Ocean Youth Trust charities based around the UK, most of them (including OYT South) founded in 2000. They grew out of the Ocean Youth Club (OYC), which was established in 1960 by Chris Ellis and Chris Courtauld. 

- The Trust’s main purpose is to offer **Adventure Under Sail** as a personal development opportunity for young people aged 11 to 25. 

- Each year OYT South takes around 500 young people to sea. 

- The Trust aims to reach as wide a range of young people as possible, and works in partnership with other charities, schools and youth organisations to arrange voyages for vulnerable and disadvantaged young people who would never normally have the opportunity to take part in something like this. 

- Voyages can last from two days to a week or more and involve up to sixteen young crew members at a time, plus six to eight adult sea staff. 

- The charity’s usual sailing area covers the south coast of England, the West Country, France and the Channel Islands, with occasional longer and more challenging voyages such as the Tall Ships race series. 

## **OYT South people and organisation** 

OYT South is managed by the Chief Executive and Chief Operating Officer, reporting to the Board of Trustees. 

On board _Prolific_ are the Staff Skipper, Staff Mate and Staff Engineer. 

Ashore, there is a Business Manager supported by a mix of part-time and fulltime staff members. We have been building up this team in recognition of the pressures on the charity as we seek to maintain the highest standards whilst pursuing new approaches to improve what we can offer to young people, volunteers, clients, sponsors and donors. 

We are also grateful for the commitment of our volunteers, who sail as sea staff, undertake vessel maintenance and provide essential shore support. 

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## **THE 2025 SAILING SEASON** 

Once again we have had superb feedback from the season’s voyages and we can tell the story of 2025 through the words of young people, parents, teachers and others who saw the impact of our charitable work. 

The first (cold!) voyage of the season was with **The Petersfield School** . Feedback included: _“Honestly, I have not felt as happy this year as I have on_ Prolific _”_ and _“It was a lot of fun sailing, just transported me into another dimension”._ 


**Applemore College** sent 15 young people funded by generous donors. The school told us: _"The work your organisation does in providing these opportunities to students is amazing and incredibly beneficial. Especially in this world of ever-increasing phone addiction. It truly is invaluable to the development of children in terms of providing amazing memories and developing their emotional and practical life_ 

_skills. All of our students who have participated in one of your voyages have taken so much from the experience, thank you! The photos from the voyage and selfevaluation charts are very much appreciated and it is wonderful to see the progress the students have recorded ... The work you do is inspirational"._ 

**Testbourne School** had a sunny Easter holiday voyage and staff said: _“I was blown away by how the crew went out of their way to get to know and get the best out of each and every student. As accompanying staff member I was really made to feel part of the team”._ 

Our very special annual voyage for young award winners chosen by our major sponsors **MDL Marinas** saw them joined by a number of **young carers** . A parent wrote: _"_ [Our son] _told us it was one of his all-time top life experiences. Thank you for taking such good care of him, teaching him new skills, growing his love of sailing and giving_ 


_him memories which will last a lifetime - it was wonderful to see and hear how much he enjoyed every day he was on board"._ 

**4[th] Netley Sea Scouts** became the first group of 2025 to cross the Channel, with a voyage to Alderney and back: _“This trip completely changed my life for the better. I know lots of new skills and always felt included”._ 

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**Muntham House School** organised a voyage for eight boys with complex individual needs. Accompanying school staff said: _“A terrific experience … Sea staff were outstanding in providing a 360° experience. We will be booking again to continue a wonderful partnership … to see the young people just thrive and growing in confidence …really pushing themselves out of their comfort zone”_ and _“Amazing people - very welcoming - very professional and made me feel safe, that's the most memorable. Nurturing.”_ A parent wrote: _“…it feels like he has grown more mature and confident in the five days he has been away … You have made a huge difference to our young man”._ 

An **adult voyage** included several people interested in joining as volunteers. _“Could not recommend this more to anyone who is interested - and the work they do is inspirational.”_ 

**The Costello School** and **Bohunt Wokingham** shared a voyage in May, and feedback included: _“Gave me a mega confidence boost, and was so fun that even though I was nervous, within ten minutes of being on the boat that nervousness flew away with the wind. The night watch was really fun too, and I was a bit annoyed that I had to hand navigating to someone else, because it was so interesting”_ and _“It was one of the most memorable trips of my life. You make friends fast and you learn new ways to tie a rope and you get on night watch - don't worry, it's not all night! But trust me you will enjoy it very much!”_ 

**The Amber Foundation** works with young adults who have been homeless. _“The feeling of working together to keep the ship going was amazing”_ and _“Absolutely brilliant! Wonderful staff, who knew what they were doing and great at teaching/explaining”._ 

**Beaulieu Park School in Essex** was a new client, but their headteacher had sailed with us as youth crew years ago and later as a volunteer. Students said: _“Take all the jobs you can. Best bit: when we steered the ship ourselves with a little bit of help” and “Raised the bar for school trips massively”!_ 

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**Harris Merton School** in south London sent a crew of boys who coped well with challenging weather: _“I loved the fact that we got so many opportunities to learn new skills and I'm just really appreciative of that”._ From the school staff who sailed with them: _“The staff were fantastic and accommodated us through difficult weather situations. The Thursday navigating, so when the [Red and Green watches] had planned and prepped their navigating and then actually sailing back to Southampton was really really good”._ 

**Alfreton Park Special School** works with students with multiple physical and learning difficulties. One verdict: _“Feeling confident: like a firework!”_ 

In June we had some **day sails for sponsors and donors** . It was lovely to spend time with wonderful people who support us in so many ways. _“Such a special day and wonderful to see such amazing and passionate crew / volunteers. We learnt a lot from the day”;_ and _“Delighted to have seen_ Prolific _at her best – we have really enjoyed the day”._ 

Another group from **The Petersfield School** had a fantastic Alderney beach day and a perfect sail back across the channel doing 8-10 knots the whole way. _”I learnt to be independent and all sorts of new skills. I would love to do again”._ 

The **Ellen MacArthur Cancer Trust** sent a group of young adults with experience of cancer: _“I've noticed the adjustments you guys made to make us feel more comfortable, and I'm really thankful for it”; “The team were super welcoming and really good at sharing their knowledge to help me become a more confident person and competent sailor”;_ and from the EMCT trip lead: _“The best bit is just seeing everybody going beyond what they thought they were capable of and everyone coming together as a team … for me, this is why I do this job”._ 

Summer began with **Tall Ships festivals in France** . Crew for the first leg said: _“My most memorable bit was coming into the port in Le Havre thinking, wow this is France, a different country and we sailed here! Had an incredible voyage and time at the Tall Ships Festival, really one of a kind!”_ 


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Next came the **Tall Ships race** from Le Havre to Dunkirk, and a fantastic festival _“There_ in Dunkirk packed with activities for our young crew. Feedback included: _were lots of people from all over the world that you could talk to and find out about stuff. Taking part in a Tall Ships race is amazing”._ 


**George Green’s School in Tower Hamlets** came to the Tall Ships festival in Dunkirk and sailed back to Poole. Their feedback included: _Prolific “From this voyage I learned to WORK HARD. REST LATER! … I learned new things. Most importantly discipline and independence”; “Thank you for letting us invade your boat for a week without_ 

_throwing us overboard. You fed us, guided us and trusted us not to crash anything major and somehow made seasickness and 1AM wake-ups fun”;_ and _“Thank you for teaching us with patience even if we didn't get it the first time”._ 

A mixed group including cadets from **TS Swiftsure (Nautical Training Corps)** then had one of the voyages of the season: perfect winds, sunsets, dolphins, a whale and beautiful views. Their feedback included: _“The best was the last day as I was very confident with my knots and then going_ 


_into the night sailing. Beautiful sunset, blood crescent moon, dolphins following us, trimming the sails, picking up the speed and looking out into the Milky Way”._ Then at the start of August, another **individuals’ voyage** cruised along the Devon and Cornwall coast and saw more dolphins than ever: _“An experience of a lifetime. The sea staff are trained and capable beyond any expectation. A privilege to sail with such an incredible charity”._ 

Every summer we sail with **MACS (Microphthalmia, Anophthalmia & Coloboma Support)** , the charity for children born without eyes or with under-developed eyes. Feedback included: _“I love everything about the trip. It was fun and great. Best bit: meeting every single person and getting to know everybody and enjoying the fun. And I made a new best friend that I'm going to keep forever”;_ and _“The care and attention from Sea Staff was amazing - a real team, in it for every person on board!”_ 

After a voyage for **younger crew members (11-16),** a parent wrote: " _Our daughter has returned from her trip to the Scilly Isles on board_ Prolific _with such confidence and enthusiasm - this really has been a quite transformational experience for her … She is now considering a career in the outdoors!"_ 

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The **High Sheriff of Devon** , Caroline Harlow, came for an evening sail from Brixham with some friends. She told us afterwards: _“Thank you, each and every one of you, for enabling such a perfect evening on_ Prolific _to take place last Friday. Quite simply, it could not have been bettered … The work you do is remarkable.”_ Another guest wrote on social 


media: _“Sometimes I have times that I know I will never, ever forget. Last night was one of those times. Ocean Youth Trust South took us sailing and we saw dolphins and literally sobbed! I have waited 30 years since I last saw them. I can’t advocate enough for the incredible work that this charity does with young people. It is inspiring"._ 


**St Brelades Youth Project from Jersey** sailed at the end of August and their leader said: _“Had the best time, thank you for giving young people the opportunity to learn and support them through the week. Looking forward to coming back and building our relationship :) Best bit: Seeing the dolphins at night swimming through the bioluminescence, that was the coolest thing I've ever seen”._ 

An **individuals’ voyage** at the start of September included several young people training as volunteer sea staff: _“It was an amazing opportunity to improve my sailing and the staff were wonderful. They taught me lots and went into detail which was so helpful. 5/5 stars! … really fun steering and learning and feeling more confident, as I was not confident before”._ 


The last summer voyage took a group of i **ndividual bookings** to Alderney and back. _“It has been so much fun getting to know people and becoming such fast friends._ Prolific _makes sailing so accessible even with a group of mixed ability”._ 

Parents wrote: _“Thank you so much for all that you_ 

_do, you have definitely changed my son's life”_ and _“I’m so grateful for the full bursary and all the support you gave_ [my daughter] _. She absolutely loved the experience and it really helped her grow in confidence. She’s never done anything like that before … She especially enjoyed working together as a team with everyone on board, cooking together, taking part in the night watch, learning how the boat works. She really appreciated all the thoughtful touches you added to make the trip so accessible, interesting, and fun for teenagers”._ 

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**YMCA Fairthorne** and the **Amber Foundation** between them provided a September crew of young adults at risk of homelessness. Feedback included: _“This voyage has been a once in a lifetime experience, and to some degree I think it has helped save my life. Thank you all… Having the chance to learn new things, that I thought that I'd never learn in such a safe and fun environment … I think it's quite a nice feeling being at the hands and mercy of mother nature, so that was quite humbling and I will not forget that”._ 

**Bohunt Priory School** , Southsea, was a new client this year, setting their voyage up in record time after another group cancelled. _“I think the staff here are great fun and helpful all in one. I worked very hard and pushed myself to the max.”_ 

Two day sails with **sponsors, donors and other guests** allowed us to thank them for their support. Feedback included: _“Thank you for a terrific day out. What a great crew. We can see that our Trust's small contributions are very well invested in_ Prolific _”; “You are doing an amazing job … this boat is VERY, VERY SPECIAL: run by very very special people”;_ and _“What a wonderful day. Thank you for showing us where our donations are used. Fantastic company and a day to remember!”_ 

A new client this year was **Mulberry School for Girls** in Tower Hamlets: _“I learned lots of skills that can help with my future”;_ and from the school staff: _“Students and staff learnt so much and will take away unforgettable skills & experiences. Best bit: seeing how well all the girls all got on, never seen a group work so well”._ 

A very longstanding client, the **Vyne School** , sailed round the Isle of Wight and said: _“I liked how they encouraged me to learn out of my comfort zone when I went on the bowsprit”; “Best bit: having to take part in everything”;_ and from their staff: _“I love watching how this experience helps young people gain confidence in themselves and their abilities”_ and _“Very impressed with patience and support provided to young people. Very good skills demonstrated. Brilliant.”_ 

**Charter School North Dulwich** was sponsored by law firm HFW and most of the young people had additional needs. _“It was really nice being in a small community. I got really excited whenever we’re putting up the sails and the more sails we put up the more excited I got”_ and _“It was fun and we all sail the ship! The best bit was when I got to steer the ship. I thought I was going to crash it but I didn’t”._ And from the staff: _“Thank you for providing an amazing opportunity for a group of kids who may never have had one otherwise”._ 

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An October **adult weekend** included a number of people who were considering becoming sailing volunteers: _“_ Prolific _is a truly inclusive and safe space. Loved the chilled friendly approach where everyone is open about learning and accepting mistakes. Loved it …. I was very nervous about going on the bowsprit. But I got fantastic support so I felt super safe and in the end I was trampolining on it”;_ and _“It just proved my point that as a person with a visual impairment that you can go on a sailing boat without having to worry if you know what to do. If people know how to explain things it's perfect, it works. I just didn't need to worry about if anyone was worried about me doing anything. I found it very refreshing”._ 

**Greig City Academy** has a great reputation for getting inner city young people into sailing: _“It was the best trip I've ever had in my whole entire life. I will never ever forget anything that happened in this trip. All of you are living in my heart now … Please don't forget me … It's really hard to leave”_ and _“I couldn't believe how friendly the sea staff were! It felt like we were all a family (with a bit too many siblings)”._ 

**Costello School, Basingstoke** had a lot of fun in spite of Storm Benjamin which kept them in harbour for a day: _“The sailing was really fun and informative as well as a good selection of activities. Crew were lovely and welcoming. Best bit: Being able to steer the boat and being on the bowsprit”._ 

**Testbourne School** sailed during the October half-term. _“I had never sailed before and had no idea what to do, but by the end of our five days the crew (us) were sailing and controlling the boat!”; “The best bit was cooking because I haven't cooked a full meal_ [before] _”;_ and from their staff member: _“Great to come with a group from school and see how well they have done, see how some quieter characters have come out of their shells and grown in confidence”._ 

The final voyage of the season was with a mixed group of **individual bookings** at the end of the autumn half-term: one said: _“I am so glad to have found my place on board_ Prolific _”._ 

We would like to record our immense gratitude to all our sponsors, donors, clients, volunteers, staff and other supporters who helped make all this possible. 

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## **2025 FACTS AND FIGURES** 

**Berth sales:** We ran a full programme of 41 voyages and six day sails from March to November 2025. There were 663 crew berths available; we had clients for 645 of them (97%); and 624 people actually sailed in crew berths (94% occupancy). The difference is mainly due to clients not filling as many berths as they had booked (and, often, paid for), usually because they wanted an exclusive booking even though their group was smaller. 

**Crew members:** 67% of people in crew berths had some specified disadvantage or were adults essential for disadvantaged young people to sail (e.g. carers and support staff). 199 people had some form of physical or learning difficulty or mental health challenge. Many came to us via mainstream and special schools, youth groups and other charities. But we still offer places for young people from all backgrounds: you do not need to be disadvantaged to sail with us. 

Excluding volunteer training voyages and adult day sails, 34% of young crew members on these voyages were aged 13 or under; 26% were aged 14 or 15; 22% were 16-18; 10% were aged 19-25; and 8% were leaders or carers aged 25+. 

The peak age for sailing with us was 13-14. 

**Berth cost subsidies:** All crew members aged 11-25 had a basic subsidy of 50% of the true cost of running their voyage, paid for through our fundraising. This keeps voyages affordable for young people from the widest possible range of backgrounds and is a key element of our charitable purpose. In addition, 217 young people were allocated additional bursary funding thanks to OYT South’s generous donors, either because they had some disadvantage or as members of our trainee volunteer programme who needed experience to work towards watchleader or bosun qualifications. 

**Volunteers:** Volunteers gave 1,170 days to sail on our voyages. 27% of staff and volunteer berths were filled by people aged 16-25. 

31 young people sailing in crew berths did well enough to be asked to consider whether they might like to come back and train as volunteers. 

57 volunteers gave 484 days’ work on _Prolific’s_ winter refit 2025-6. 

**Sailing programme:** _Prolific_ covered 5,522 nautical miles during the 2025 season. 

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## **MAKING A LASTING DIFFERENCE** 

In 2025, 522 people completed Outcomes Wheel self-evaluation sheets. This involves individuals giving themselves marks out of 6 in various areas at the start and end of a voyage, so we can measure changes in how they feel about themselves. 445 (85%) showed an improved average score across ten different measures. Almost 70% of respondents ended the voyage with a higher score for “feeling confident”. “Working in a team”, “dealing with setbacks”, and “learning new skills” all showed nearly 60% of respondents with higher scores by the end of the voyage: 


**----- Start of picture text -----**<br>
Feeling confident<br>Working in a team<br>Learning new skills<br>Coping with new experiences<br>Getting on with people<br>Dealing with setbacks<br>Compromise & negotiation<br>Learning from experience<br>Communication (speaking and listening)<br>Looking after myself<br>0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00<br>Lower Same Higher<br>**----- End of picture text -----**<br>


The biggest change was for ‘feeling confident’ where the average mark out of 6 rose from 4.21 to 5.23, a 24% improvement. The chart illustrates average start and end scores: 


**----- Start of picture text -----**<br>
Feeling confident<br>Working in a team<br>Learning new skills<br>Coping with new experiences<br>Getting on with people<br>Dealing with setbacks<br>Compromise & negotiation<br>Learning from experience<br>Communication (speaking and listening)<br>Looking after myself<br>0.00 1.00 2.00 3.00 4.00 5.00 6.00<br>Start voyage End voyage<br>**----- End of picture text -----**<br>


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404 people earned Royal Yachting Association Start Yachting certificates in 2025, and 21 earned the more advanced Competent Crew certificate. 

We always stress to young people – especially anyone likely to have little to show by way of academic qualifications – that these certificates mean far more than basic sailing competence: to earn them, a young person must have listened, concentrated, worked in a team, taken on the routine tasks as well as the exciting ones, practised new skills until they mastered them, coped with unfamiliar situations, lived in a confined space with people they don’t know, followed safety instructions and much more. 

Sail training helps young people to develop the skills to succeed in life, and we can help them move on with real evidence of these skills. 

## **# SAIL TO WELLBEING** 

One of the key ways through which OYT South seeks to make a lasting difference to young people is through #SailToWellbeing. 

Families, schools, communities and potential employers are all aware of the need to promote physical and mental wellbeing; and ever since the Covid-19 pandemic, the wellbeing of young people has come into even sharper focus. 

Research by the New Economics Foundation, promoted by the NHS and MIND, has found evidence of five steps people can take to improve mental health and wellbeing. The NHS says "Trying these things could help you feel more positive and able to get the most out of life." 


The steps are: 

1. **Connect with other people** 

2. **Be physically active** 

3. **Take notice and pay attention to the present moment** 

4. **Learn new skills** 

5. **Give to others** 

Every one of these five steps is a natural part of a sail training voyage. You really can #SailToWellbeing. See https://www.oytsouth.org/wellbeing/ for examples of how young people – and adult staff and volunteers – can #SailToWellbeing. 

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## **YOUNG VOLUNTEER OF THE YEAR** 

In 2022, we received a very generous donation from the Gipsy Moth Trust, aimed at training and supporting young people who excel on an initial youth voyage and are working to become the bosuns and watchleaders of the future. Along with the grant came a trophy: a mounted section of the mizzen mast from _Gipsy Moth IV_ , which after her epic 1967 voyage held the records for the fastest voyage around the world by any small vessel; the longest non-stop passage by a small sailing vessel; and more than twice the previous longest singlehanded passage. 


This trophy is awarded annually to a volunteer aged 16-25 who has successfully made the step up from youth crew to sea staff and is excelling as a young volunteer. This year’s winner is **Jack Thompson** , aged 24. 

Jack has been involved with us since the age of 17, and currently sails as a watchleader or a relief engineer – one of a rare band whom Josh the Staff Engineer trusts with his engine when he is away! On his very first voyage as youth crew, the skipper said: _“A very_ 

_strong member of the crew, potential sea staff. Always helpful and volunteering for jobs … very self-motivated. They lead main and staysail hoists at the end of the voyage with minimal supervision from staff.”_ A different skipper noted “ _a very calm and empathetic manner which will make them a good fit for working with young people.”_ 


In winter 2025-6, Jack joined the core refit team as a full-time volunteer for the whole winter and proved so valuable that all the team say it has been more like having an extra member of staff. 

The runner-up this year is **Keri Hammond** , an exceptionally talented young sailor who became a third mate in 2024 and then a second mate at the start of the 2025 season. 

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## **HONORARY LIFE MEMBERS** 

At the 2025 AGM, we added one new Honorary Life Member of the charity: 

**Jonathan Pinnock** first sailed with us at the age of 13 with a group from a special school, due to his severe dyslexia. Ever since, he has very kindly credited Ocean Youth Trust South with helping him discover for the first time that, away from reading and writing, he could excel in other types of tasks and has genuine talents and abilities which allowed him first to develop a successful career and then to run his own business - and now to make regular donations both to the boat and to our bursaries fund. 13-year-old JP might never have imagined that he could become a valued ambassador for the charity, attending events and making speeches on our behalf. JP stands for all the thousands of young people whose lives have been changed by sailing with us, and we are proud to add him to our list of honorary life members. 

Other honorary life members are **Emma Ellis** , **Jonathan Cheshire** , **Sally Croly** , **Chris Lane, Lindy Chamberlain, Fred Cole, Marion Heming** and **Graeme Cole** . 

## **OBITUARIES** 

We were enormously saddened over the last year to lose five of the towering figures from the charity’s long history. 

In July 2025, Honorary Life Member **Kit Power** died at the age of 91. His death marked the end of an era for OYT South: Kit was the last of the generation who established the charity in the 1960s to remain actively involved with us – he was still organising donations and taking a keen interest in his final months. 

Kit became a Governor of the Ocean Youth Club and worked tirelessly in support of the charity for many years and he played a big part in building up the successful charity we have today. He also gave us a link to the spirit of the founders and we always knew that Chris Ellis and Chris Courtauld would have approved of what the modern charity was doing, because Kit told us so. 


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When we bought _Prolific_ and brought her back from Norway, Kit was a natural choice for the welcoming party which went out into the Solent to greet her. Here he is with Jack Dignan who was then our Youth Trustee: aged 18 and 81, they brought the charity’s past and future together in a shared delight in our new boat. Kit always loved being invited on day sails and at the age of 88 he became the proud holder of the record for the oldest person to go out on _Prolific’s_ bowsprit! 

Thanks to people like Kit, Chris Ellis and Chris Courtauld, tens of thousands of young people have had life-changing opportunities to sail. 

Then in September 2025 came the death of our Vice Patron **Michael Campbell** at the age of 82. As a schoolboy, Michael was taught by Ocean Youth Club founder Chris Ellis, and took a keen interest in the charity for the rest of his life. He was always so committed to the charity, so interested in everything we did, and so generous both with donations and with his time, advice and enthusiasm. 

He played a big part in the fundraising campaign to replace our previous boat, _John Laing:_ Michael was absolutely thrilled by our new boat _Prolific_ . He subsequently came on several day sails, attended events and was truly one of the kindest of men. His family trust has been a key supporter of our Staff Mate post for a number of years and some of the last emails we received from Michael were about his enormous pleasure at hearing that Sara had passed her first mate assessment as well as previous Staff Mate Lauren returning as a relief skipper. 


**John Parkin** died in January 2026 aged 81. John was an Honorary Life Member of OYT South who sailed as a volunteer from thirty-two years, 1987 to 2019 and until 2014 was a First Mate. 

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In the early days of Ocean Youth Trust South, the charity couldn’t sail without qualified first mates and couldn’t afford to pay for one, so leaned heavily on a very small band of volunteer first mates. It is no exaggeration to say that without people like John, OYT South would not exist today. John was a very kind and gentle man; a physics teacher with an endlessly enquiring mind; an absolutely trustworthy first mate; a mentor and great support to other staff and volunteers; and in his later years a lovely grandfather figure to the young people who were lucky enough to sail with him. 


January 2026 also brought the news of the death of **Brian Eyres,** another Honorary Life Member, at the age of 80. Brian first got involved in the Ocean Youth Club in 1990 when, as part-time Youth Leader in Poole, he drove a busload of young people to join our previous boat _John Laing_ for the vessel’s first proper voyage after her launch. Soon afterwards, Brian became a volunteer 


second mate. From there he progressed to First Mate, then a paid position, and then to Relief Skipper for OYC’s national fleet of 12 boats. In this capacity he skippered _John Laing’s_ sister ketch _, James Cook,_ from Panama onwards on the OYC’s round-theworld voyage in 1995-7. He was then Fleet Manager for the national fleet. He continued as a volunteer relief skipper until 2009. 

Brian retired as a Trustee of the charity in November 2023 after 22 years, during which he served as our Treasurer until 2020, shepherding the charity through the difficult early years after OYT South was born from the ashes of the Ocean Youth Club, when money was so tight that our survival was sometimes in doubt. But his time as Treasurer saw things turn around dramatically, setting the charity on the path to the sound finances we enjoy today – including the successful fundraising campaign to buy _Prolific_ . 

In 2015, Brian was awarded a Lifetime Commitment Award from the Royal Yachting Association for his work with OYT South. 

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Then in June 2026 came the very saddest of news with the death of **Penny Scott-Bayfield,** Chair of OYT South’s Board of Trustees, following a short illness. She was fifty-three years old and had been a Trustee since 2022 and our Chair since 2023, but her connection with the charity went back much further. 

Penny had a shining professional career but had retired as CFO of Bloomsbury Publishing Plc earlier this year and was looking forward to doing more of the things that she loved, including spending time with us at Ocean Youth Trust South. Until the start of May 2026 she was sailing as a watchleader on board _Prolific_ and working towards qualifying as a third mate. 

Penny was that rare combination of an acute business mind with the warmest and most empathetic of souls. She steered the Board expertly, took the tough decisions when needed and ensured that all of OYT South’s activities rested on the firmest foundations of sound finances and good governance. She was so passionate about making a lasting difference to the lives of the young people who sail with us; but above all else she understood that everything we achieve grows from the efforts of human beings, our staff and volunteers: her first care and priority was always for the people in the charity. She didn’t just go the extra mile to support individuals and make sure they felt valued and appreciated: she would have vaulted mountains for us. When Penny believed in someone, she was irresistible: whatever self-belief you could muster was galvanised and amplified by Penny’s faith in you. She wasn’t leading from the front: she was walking right beside us. 

Penny adored Ocean Youth Trust South and was very deeply loved by all those of us who were lucky enough to know her. Penny was bright, beautiful and brilliant, and the truest, warmest and most caring friend anyone could ever want. It hasn’t been easy to face up to everything we must now do without her, but we know we will, because she was always so very proud of us. There will be great times yet to come for Ocean Youth Trust South, and a little bit of Penny’s spirit will always sail with us. 

This video tribute to Penny is set to music by Police Dog Hogan, the band in which the fiddle is played by Penny’s fellow OYT South trustee Eddie Bishop, who cowrote this song: One Last Trip Around the Sun. 

20 



## **CHRIS ELLIS AWARD** 

The Chris Ellis Award is given each year for a piece of work – writing, art, video, music - from a young person based on a voyage with OYT South, with a prize of money towards another voyage. 

This year’s **Chris Ellis Award Winners** for the 2025 season are **Lucy and Oli Heaton** who created this Powerpoint about sailing with us, and gave a presentation at a sailing club all about it. 


The runner-up prize is shared between **Eleanor Fowles** for this poem about a voyage last April: 

and **Athena Lawson** for this picture entitled “Tethys” 



You can see these entries in more detail and read about previous Chris Ellis Award winners on the website. 

21 



## **FINANCE AND FUNDING** 

In a normal year, berth sales to individuals and youth groups should raise approximately half of the funds needed to run the charity. The rest needs to come in through fundraising. This means that every berth sold to a young person has a subsidy of half what it would have cost without donations. 

Donations to Ocean Youth Trust South generally fall into one of three areas: 

**Team costs:** Our staff (on the boat and in the office) are our biggest expense, but we cannot operate the charity efficiently and safely without them. They all put in very long hours and immense commitment. We are only able to keep staffing costs down at this level because of the huge input from our volunteers. 

**Vessel refit, maintenance and equipment:** This covers all the costs of keeping the boat and all her equipment in good condition to ensure we meet or exceed all required safety standards for sailing with young people. It also covers insurance, fuel, harbour fees, food on board and other direct costs of running our voyages. Volunteers also make a tremendous contribution to keeping these costs down – huge amounts of volunteer labour at the winter vessel refit, plus more in-season, provide an enormous saving. 

**Bursaries for young people who cannot afford to sail:** OYT South is committed to keeping our voyages accessible to young people from all backgrounds by subsidising the cost of running our voyages. Some of our young crew members come from families who can pay the advertised voyage fees; others come through schools, youth groups and charities which help to pay for their places; but a third category of young people have no-one who can support them to sail with us, and generous donors enable us to provide part-funded or fully-funded places for a significant number of applicants each year. 

We aim to ensure that our sponsors and donors are kept in touch with our work, and have a chance to see where their money goes and to understand the difference that their support makes. This can include detailed reports; the chance to join day sails or longer voyages on board _Prolific_ ; events on board; and the opportunity to nominate young people to sail with us. We are fortunate in having excellent relationships with key donors. 

93% of expenditure in 2024-25 went on the direct delivery of our charitable services. (The remainder includes fundraising and governance costs). 

22 



## **DONATIONS AND SUPPORT** 

Ocean Youth Trust South is enormously grateful for the donations of funds or equipment we receive from many individuals and organisations, as well as many contributions in the form of time and expertise. Without this support, we would not be able to keep _Prolific_ in such good condition, and offer so many opportunities for young people from different backgrounds. Our sincere thanks to all who have supported us in many different ways, including: 

ABC Powermarine * Aeoliki * AkzoNobel * Nigel and Sue Anderson * Tim Applewhite * Anglia Giving Aries Embroidery * Graham Ashby in memory of Penny Scott-Bayfield 

Association of Sail Training Organisations * Aumund Foundation * BD marine * Gill Beddow * Julian Biggs Peter Binning * Alan and Jackie Birch in memory of Michael Colles * David Bird in memory of Michael Colles Bloomsbury Publishing in memory of Penny Scott-Bayfield * Blue Spire Accountants * Boatfolk Matthew and Rachel Bowns * Bob Bradford in memory of Kit Power * Bookharbour 

Rosemary Booth in memory of Michael Colles * British Marine * Angela Brassley * Matthew Brushwood BSI Rigging * B W Mooring Services Ltd * Katherine Van Hagen Cadbury * Michael Campbell * John Caulcutt Lindy Chamberlain * Antonia Christie * Jo Clark * Hazel Cliffe in memory of Penny Scott-Bayfield Cheb and Bill in memory of Frederick Colby * Clive Garner Memorial * Fred Cole * Dom Coleman Sarah Colles in memory of Michael Colles * Glyn Collins * Richard and Jane Cornah 

Cowes Harbour Commission * Crewsafe * Hilary Croft * Sally and Pete Croly in memory of Brian Eyres D Crosby in memory of Michael Colles * Oliver Crosthwaite-Eyre * D. C. R. Allen Charitable Trust 

Dartmouth Harbour * Paul and Linda Deslandes * Alexandra Dimmer * Judy Dixon in memory of Michael Colles Shenda Dixon in memory of Derek Ottway * DJB Memorial Fund in memory of Kit Power * Tim and Liz Dodwell Dorset Marine Training * Chris & Lucia Durbin * Easyfundraising * Ellis Campbell Charitable Foundation Chris Ellis Award fund * Emma Ellis * Gillian Ellis * English Braids * Engraving and Sign Solutions * Stephen Evatt Brian Eyres * Simon Facey in memory of Ewan Hind * Fareham Sailing & Motor Boat Club * Kyle Fawkes Eamonn Feeney * Felixstowe Master Mariners * M Fitzgerald * Force 4 * Foxlease * John and Jacquie Frampton Peter Haig * Gas Safe Marine * John and Rosemary Gifford * Jo Gilbey in memory of Penny Scott-Bayfield Douglas Gill * Gipsy Moth Trust * Give as you Live * Givingforce Foundation * Mariano Godoy Golden Arrow Goodwood Estates * Ronald Gordon in memory of Michael Colles 

Mark Goree in memory of Penny Scott-Bayfield * Gosport Marine Festival * Graham High Charitable Trust Brian Green * GreenZone * Lucy Greggains in memory of Penny Scott-Bayfield * Andy Grimbleby In memory of Howard Gross and Alex Tsekouras * Hampshire & Isle of Wight Community Foundation Sarah Haig * Val Hague * David Hancox in memory of Penny Scott-Bayfield * Marcus Hardiman Roger and Christine Hardman * Christina Hardyment * Dr Stuart Harrison * Archie Hawkings * HCF Ltd Helly Hansen * Pip Hare * Robert Hastings * Charles & Suzie Henwood 

Kayte Herrity in memory of Penny Scott-Bayfield * Fiona & John Hicks * Rob Hill * In memory of Ewan Hind Ian Hind in memory of Ewan Hind * Holman Fenwick Willan * Tony and Brenda Hotchkiss * Carl Howitz Annabel Hudson * Andrew Hughes * Peter Hughes * John Hunt * Lord Iliffe * IM Products * Indust MK Ltd Inglesport * Philip Ingram * International Paint * Isaac Jones in memory of Howard Gross and Alex Tsekouras JPS Fuels * J S F Pollitzer Trust * In memory of Steve Katz * Kemp Sails * Jane Kilgallon * Claire Killoughery King and Queen, Hamble * Ray Kipling * Victoria Kirkby in memory of Penny Scott-Bayfield * Harry Lack William Lack * Lambert Trust * Landau Marine Ltd * Chris Lane * Joanna Llewellyn in memory of Michael Colles Lloyds Bank * Matt Lovett * Lymington Harbour Commissioners * Lady Lucinda Le Marchant * Ian MacNabb Katherine Mallett in memory of Penny Scott-Bayfield * Marina Developments Limited 

Marine Advertising Agency * Marine Fire Safety * Ben Martin * The Honourable Company of Master Mariners Hannah Maunder in memory of Brian Eyres * James Mead * MECAL * Medical Support Offshore * Sylvia Mence Mendez Marine * Anthony Metcalfe * Michael Peck Trust * Andy Miles * Millennium Computer Services John & Maggie Montgomery * Peter Moore * Edwin and Sarah Moses * Nancy Bateman Trust Navigate Response * Navionics * Ned’s Fund * Richard Nemeth * Northwick Trust * Ocean Safety * Fraser Old OneOcean * Osmotech * Orange County Community Foundation * Dee Orme 

Reinhard Ottway in memory of Derek Ottway * Owen Clarke Design * Andrew Page * Fiona Pankhurst Rhys Parry * Patrick and Helena Frost Foundation * Susanna Paynter * PayPal Giving Fund UK * Gordon Pennie Charles Peplow * Kate Perhirin in memory of Derek Ottway * SM Peskett * Peter Dixon Charitable Trust Lord Phillips of Worth Matravers * Philpott Family in memory of Penny Scott-Bayfield * Jonathan Pinnock Pointer Family Trust * Poole Harbour Commissioners * Poole Quay Boat Haven * Tim and Beverley Powell 

23 



Kit Power * Pressing Needs * Jas and Dal Punia * Libby Purves * Questmap * Rafiki * Raymarine * Chloe Rayner Margaret Rigby in memory of John Parkin * Lynne Robbins * Robinsons Compass Adjusters * Pete Rollason Laura Rollinson * Royal Cruising Club – Noel Marshall Fund * Royal Dart Sailing Trust Royal Southern Yacht Club Trust in memory of Tony Chamberlain * Royal Thames Yacht Club Royal Yachting Association * Andrew Royse * Mark Ryten * SAMSON Materials Handling * Saltee Skincare David Sandover in memory of Frederick Colby * Penny Scott-Bayfield * Secure Fire Solutions Rod and Helen Seivewright * Gina Seller * Margaret Sellwood * Clare Setchell Seven Seas Baxter and Grimshaw Trust Ltd * SGU3A * Jamie Sheldon * Catharine Sillett Sharon Simons in memory of Penny Scott-Bayfield * Solent Crabbers * Solent Mind * Solent Wooden Boats Southampton Royal Naval Officers Association * South Coast Boat Show * Southern Contracts Spencer Rigging * Spinlock * Penny Sykes * tallshipstock.com * Jennifer Tamlyn * Taskforce Mary Taylor in memory of John Parkin * Estate of Valerie Tehel * TCW Electrical * Malcolm Thorpe Mrs D M Threfall in memory of Kit Power * R H Tingle * TK Foundation * Rosie Todd Nadine Thomson in memory of Penny Scott-Bayfield * Topsail Insurance Ltd Gill and John Townson in memory of Penny Scott-Bayfield Lorraine Townson in memory of Penny Scott-Bayfield * Peter Tracey Trajan Properties in memory of Penny Scott-Bayfield * Steve Trew * Trinity House * Andrew Turner Rebecca Valentine in memory of Frederick Colby * Vicary Aldenham * Victoria Quay * Vokins Charitable Trust Vortec Marine Ltd * David Wakeford * WesCom Group * Weymouth Harbour Commissioners Whirlwind Charitable Trust * Whiligh Charitable Trust * Andrew Wilkes Sally Wilkinson in memory of Brian Eyres * #WillDoes * Clive Williams * Janet Witt in memory of Brian Eyres Graham and Pat Woodward * Richard and Chris Worsley * Noel Wright * Xylem Helen Yates in memory of Michael Colles 

## _**Thanks also to other generous donors who prefer to remain anonymous**_ 

## **PATRON AND VICE PATRONS** 

OYT South’s Patron is **Lord Iliffe** , a keen yachtsman. There are 12 Vice Patrons: 

|**Jamie Sheldon**|**Pip Hare**|**Robert Ayling CBE**|
|---|---|---|
|**Libby Purves**|**Paul Heiney**|**Jamie Campbell**|
|**Nicholas Bonham**|**Rupert MacInnes**|**Mark Dowie**|
|**Professor Khalid Aziz**|**Mrs Gilly Drummond OBE**||
|**The Rt Hon. the Lord Phillips of Worth Matravers**|||



We are actively seeking more people to join our Vice Patron team. 

## **OYT SOUTH BOARD OF TRUSTEES** 

**OYT South’s Chair for the year covered by this Annual Report was Penny Scott-Bayfield, who very sadly died on 20[th] June 2026 (see page 20 above).** 

## _**Lesley Robinson OBE - Chair**_ 

Lesley recently retired as CEO of British Marine, the leisure marine trade association which also owns and runs the annual Southampton International Boat Show. She has a commercial, international and business development background. She is also a Non-Executive Director for Police CPI, a national police crime prevention organisation. 


24 



## **OYT SOUTH BOARD OF TRUSTEES** _**(continued)**_ 


## _**Richard Griffiths – Vice Chair**_ 

Richard has been a Trustee since 2009 and was Chair of the Trust from 2013 to 2017. He is a keen sailor. Richard is a District Judge in the West Country with broad legal and regulatory experience. 

## _**Martyn Powe - Treasurer**_ 


Martyn started sailing in 1996 when serving with the Royal Air Force. Two of his children sailed as crew on _John Laing_ so after retiring from the RAF in 2013, he began sailing as a volunteer with OYT South, qualifying as a First Mate in 2015. He now runs a small part-time business as a book-keeper and was appointed as OYT South’s Treasurer in 2020. 

## _**Steve Lacey – Designated Safeguarding Lead**_ 


Steve retired in 2015 after many years as a senior youth worker with Dorset County Council. He first brought a group of young people to sail with OYT South in 2002. He is a keen racing and cruising sailor. He is OYT South's Designated Safeguarding Lead, and sails as first mate. 

## _**Unity Bowns - Youth Trustee**_ 


Unity is the youth trustee: we always have a trustee in the same age range as our service users. They first sailed as youth crew in 2021 and quickly became a keen volunteer, winning the OYT South Young Volunteer of the Year Award in 2024. They now sail as a volunteer second mate. 


## _**Edward Bishop KC**_ 

Ed joined the Board in 2017. He is a barrister specialising in medical negligence, human rights, personal injury and police law, and became a QC in 2011. He also plays the fiddle in the country folk band Police Dog Hogan. 

## _**Roger Bolton**_ 


Roger worked on board ex- Americas Cup yachts in the Caribbean before graduating in Yacht Manufacturing & Surveying and then starting work for International Paint where he is now Professional Market Sales Executive. The role encompasses many aspects from selling paint, fault investigation, paint inspection and paint application. 

## _**John Hicks**_ 

John has Board level experience in surveying, architectural and construction engineering design in the UK and overseas. He is a former UK governmental advisor. Currently John provides counselling to undergraduates and is a Director of a south-coast based right-to-manage housing group. He is a lifelong recreational sailor. For OYT South, John chairs the investment sub-committee. 


## _**Lee Mosscrop**_ 


Lee joined the Board in 2019, having sailed as a volunteer for over 10 years before qualifying as a relief skipper on board _Prolific_ . He retired from the Police Service in 2010 and now works as a freelance sailing instructor, delivering instructor training at home and abroad. He also gets asked to appear as an expert witness and to compile accident reports in marine accidents involving fatalities or serious injuries. 

25 



## **OYT SOUTH BOARD OF TRUSTEES** _**(continued)**_ 

## _**Andrew Page**_ 

Andrew Page teaches science at Costello School, Basingstoke as well as leading outdoor learning and cadets. He brought the school’s first group for a voyage in October 2023 and, as a keen sailor himself, was recruited as a watchleader and now sails as a second mate. He joined the board in July 2025 to sustain our engagement with the education sector and ensure that our voyages continue to meet the needs of schools and students. 


## _**James Stevens**_ 


James Stevens is a professional yachtsman and former Training Manager and Chief Examiner of the RYA. He was the RYA's safety spokesman and chaired the National Watersports Safety Committee. He was Chairman of ASTO and is a trustee of several maritime charities. He is Chairman of the Royal Yacht Squadron Foundation charity, a Younger Brother of Trinity House, Honorary Member of the Royal Yacht Squadron and Fellow of the Royal Institute of Navigation. He has written several books and is a regular contributor to the yachting press when not sailing his 34ft yacht. 

## **TRUSTEE FAREWELLS** 

In addition to the very sad loss of our Chair, Penny Scott-Bayfield, this year we said farewell to two long-serving Trustees. 

**Ben Martin** had been on the Board for 17 years, having been one of our earliest Youth Trustees. He was a long-serving first mate and went on to become a member of the Institute of Chartered Shipbrokers with a wide range of professional skills of immense value to the Board. 

**Eamonn Feeney** had been on the Board for 12 years, serving as Chair from 2017 to 2023. A chartered accountant and former Managing Director of MDL Marinas, Eamonn brought expertise in finance and general management issues and played a huge part in setting up the structure for the charity’s financial planning. 

We are very grateful to Ben and Eamonn for their long commitment and they remain very much friends of the charity. 





26 



## **OYT SOUTH STAFF** 

## _**Chief Executive – Mark Todd MBE**_ 

Previously a solicitor, Mark has been working in sail training since 1997, including nine years as OYT South’s Staff Skipper. He moved into a shore-based role in November 2009, and became Chief Executive in 2010. He is Chair of the Association of Sail Training Organisations, an RYA Yachtmaster Instructor, a Yachtmaster Examiner, and sits on the Yachtmaster Qualifications Panel. He was the inaugural winner in 2011 of the MCA/ASTO Award for Command Commitment to Sail Training, and is an Associate Fellow of the Nautical Institute and a Younger Brother of Trinity House. He was awarded the MBE in the King’s Birthday Honours list in 2025. 



## _**Chief Operating Officer – Caroline White**_ 

Caroline first sailed with the Ocean Youth Club as a teenager in 1983, and became a volunteer watchleader and then a first mate. A former BBC journalist and qualified fundraiser, she looks after the charity’s marketing, communications and fundraising, as well as liaising with clients and volunteers. 

## _**Business Manager – Lynne Robbins**_ 


Lynne joined us in April 2023. An experienced manager, previously she had been managing a team of 100 volunteers restoring historic vessels and has also been an HR and Special Projects Manager for a children’s outdoor activity charity. She has become an invaluable part of OYT South’s management team. 




## **THE BOAT TEAM** 


## _**Staff Skipper – Constantinos Jensen**_ 

Constantinos has been with us since the start of the 2024 season. A highly experienced sailing instructor, he was inspired to move into sail training by his experience of coaching an inner-city school crew for the Fastnet race. 


## _**Staff Engineer – Joshua Caudery**_ 

Josh became involved with OYT South while completing an apprenticeship in marine engineering, and sailed with us as volunteer bosun and watchleader before joining us full-time in November 2015 as _Prolific’s_ Staff Engineer. 

## _**Staff Mate - Sara Abdur**_ 


Sara first sailed with a school group in 2019 and quickly became a keen volunteer, winning the first OYT South Young Volunteer of the Year Award before becoming 2022 Staff Cadet and later spending two years as our Youth Trustee. She became Staff Mate in November 2024 and qualified as a first mate early in 2025. 

27 



## **THE OFFICE TEAM** 


## _**Bookings Coordinator – Annette Potter**_ 

Annette has a strong background in admin and IT, and as a qualified Yachtmaster whose own children have both sailed with OYT South, she brings a breadth of knowledge and experience to this role. She has taken on additional responsibilities as we restructured our shore team. 

## _**Administrator - Richard Lloyd-Williams**_ 


Richard says: _“I’m delighted to be back in the world of sail training having previously worked for Tall Ships Youth Trust. My passion for the sea started by signing up to crew a yacht back to the UK from Bermuda which I loved. After that I went to the UKSA to gain my Yachtmaster Offshore and have sailed about 12,000nm since then including another Atlantic crossing. Sail training ignited my passion for youth development and seeing the change it can make to young people.”_ 

## _**Bookings Administrator – Jo Martino**_ 


Jo joined us in September 2025 and said: _“I’m beyond thrilled to be joining the OYT South team as bookings administrator. I’ve previously worked many administrative roles in financial services, HR, and payroll. But after receiving a second chance at life when my amazing husband, Armando, donated a kidney to me, I knew I really wanted a job that gave back to my community.”_ 



28 



**ADVENTURE UNDER SAIL WITH OCEAN YOUTH TRUST SOUTH IS AN IDEAL ENVIRONMENT FOR THE DEVELOPMENT OF YOUNG PEOPLE BECAUSE:** 

- It takes young people right out of their normal environment and away from TV, computer games and mobile phones. 

- It's an excellent way of building confidence, developing character and promoting a sense of responsibility. 

- Living and working with others in a confined space places a high priority on tolerance and teamwork. 

- Our boat is an ideal size for everyone on board to get to know each other, and for the staff to work with each young person to ensure they get the most out of the experience. 

## **WHAT DO YOUNG PEOPLE GET OUT OF SAILING WITH OCEAN YOUTH TRUST SOUTH?** 


   - An OYT South voyage is a fantastic fun working 

   - holiday during which people will learn new skills, make friends and return with a real sense of achievement. 

   - Everyone who sails with us is challenged to achieve 

   - something they never believed they would be able to do. 

   - _Prolific_ carries no passengers - everyone on board 

   - plays a full part in every aspect of the voyage. 

   - Opportunities to learn range from seamanship and 

   - navigation to cooking and general life skills. 

- Our sea staff make every crew member a promise: whatever energy and enthusiasm you put into the voyage, we will match and beat it. 

- Crew members can work for recognised qualifications such as the RYA Start Yachting or Competent Crew certificates, or the residential element of the Duke of Edinburgh Gold Award. 

- All crew members get a voyage certificate to put in their Record of Achievement. 

- OYT South has a club ethos and atmosphere - we encourage crew members to stay involved, help at refits, earn qualifications, train as sea staff, and be part of the team. 

29 



## **WHO CAN SAIL WITH OYT SOUTH?** 

We aim to encourage anyone aged 11 to 25 who wants to sail with us, from the widest possible range of backgrounds, including those with no sailing experience as well as keen and competent sailors. We take roughly equal numbers of girls and boys. Some sail as part of a 


group, with a group leader if required; others book as individuals and come along to make new friends. Our boat is not specially adapted for people with disabilities, but individuals with a range of physical or learning difficulties have sailed with us successfully. 

We also run occasional adult voyages, which can include sponsors, prospective volunteer sea staff, other supporters who want to learn more about our work, or corporate team-building events. Adult voyages can also be run for exactly the same purposes as youth voyages: to develop confidence, broaden horizons and raise aspirations for people who have had limited opportunities in life. 


## **WHAT'S THE BOAT LIKE?** 

_Prolific_ was built in 2005, inspired by an 1898 fishing boat: she is a fantastic hybrid of traditional character and modern materials. She is 32 metres long overall, including bowsprit. Ketch-rigged, she combines great sailing performance with a design which ensures that young people really can do 

everything on board. High bulwarks give a good sense of security on deck. Regular inspections ensure that she conforms to all required safety standards. 

She has a large navigation area which allows young crew members to be fully involved with pilotage and passage planning; plenty of galley space where young people take turns to cook meals; more than enough bunks for the usual complement of 12-15 crew and 6-8 staff and 

volunteers; and a vast saloon where everyone can sit together for meals and games, and to share in making plans and decisions. This is not a boat where the skipper determines what will happen and then simply gives orders. We aim to explain, discuss and, where possible, offer choices. 

30 



## **WHO RUNS THE VOYAGES?** 

We have a highly qualified professional skipper; a staff engineer responsible for boat maintenance; and a staff first mate. In addition, we carry at up to six volunteer sea staff on every voyage. All our staff, both professionals and volunteers, possess Royal Yachting Association qualifications appropriate to their level of responsibility, and have passed a rigorous OYT South assessment at the appropriate level. 

As well as sailing ability, all our staff are trained and assessed on their suitability for working with young people, and checked with 

the Disclosure and Barring Service. We aim to have both male and female staff on every voyage. We encourage keen and competent crew members to train as sea staff - those over sixteen can sail as volunteer relief bosuns, and those over the age of eighteen can be assessed on their ability to sail as watch leaders. 

## **A FEW KEY POINTS:** 

OYT South voyages really are open to anyone. Though the majority of voyages are booked for groups of disadvantaged young people, we have places available each year for young people from more fortunate backgrounds – for DofE Award voyages, leadership training or activity holidays. 


- We do not require any previous sailing experience. 

- A staff : crew ratio of around 1 : 2 allows for a lot of individual attention. 

- We involve the crew in decisions about the voyage 

   - what we do, where we go and how we get there. 


• We aim to give the crew a lot of responsibility - by the end of the voyage, a good crew can be effectively running the boat. 

Our style is deliberately very relaxed and informal – journalist, author and broadcaster Libby Purves described us in the Times as "the larkiest of sail training organisations." 

31 



## **OCEAN YOUTH TRUST SOUTH** 

## **Trustees’ Report** 

**and Unaudited Financial Statements for the year ended 31 October 2025** 

**Registered Charity Number 1079959 Registered Company Number 3898084** 

32 



## **OCEAN YOUTH TRUST SOUTH** 

## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **CHARITY INFORMATION** 

_________________________________________________________________________________ 

|**Chair**|Penny Scott-Bayfield|(Deceased 20 June 2026)|
|---|---|---|
||Lesley Robinson OBE|(From 21 June 2026)|
|**Trustees**|Sara Abdur|(Resigned 9 November 2024)|
||Edward Bishop||
||Roger Bolton||
||Unity Bowns|(Appointed 9 November 2024)|
||Eamonn Feeney|(Resigned 8 November 2025)|
||Richard Griffiths||
||John Hicks||
||Nyssa Hutchings|(Resigned 1 July 2025)|
||Steve Lacey||
||Ben Martin|(Resigned 8 November 2025)|
||Lee Mosscrop||
||Andrew Page|(Co-opted 1 July 2025,|
|||Appointed 8 November 2025)|
||Martyn Powe||
||Lesley Robinson OBE||
||Penny Scott-Bayfield|(Deceased 20 June 2026)|
||James Stevens||
|**Chief Executive Officer**|Mark Todd MBE||
|**Chief Operating Officer**|Caroline White||
|**Registered & Principal Office**|Unit 2, Endeavour Building||
||Shamrock Quay||
||Lower William Street||
||Southampton||
||SO14 5QL||
|**Registered charity number**|1079959||
|**Registered company number**|03898084||
|**Independent Examiner**|James O’Rourke FCA||
||Blue Spire Limited||
||Cawley Priory||
||South Pallant||
||Chichester||
||West Sussex||
||PO19 1SY||
|**Bankers**|Lloyds Bank Plc||
||57 High Street||
||Christchurch||
||Dorset||
||BH23 1BB||



33 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT** 

**_________________________________________________________________________________** 

The Trustees, who are directors for the purposes of company law, present their report and financial statements for the year ended 31 October 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Companies Act 2006, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2019). 

## **Chair's report** 

## **Penny Scott-Bayfield** 

On behalf of all our Trustees and the wider OYT South community, I would like to start by paying tribute to Penny Scott-Bayfield who was Chair of the Board of Trustees until her death on 20[th] June 2026. Penny steered the Board expertly, took the tough decisions when needed and ensured that all of OYT South’s activities rested on the firmest foundations of sound finances and good governance. She was so passionate about making a lasting difference to the lives of the young people who sail with us; and she provided immense support to the staff and volunteers who deliver those opportunities. Penny was very much loved by the OYT South family and she will be hugely missed. 

These accounts and the report below represent a full year during which Penny served as Chair, playing a key role in all the Trust’s achievements. 

By offering sail training opportunities, this year the Trust has continued to address genuine and significant needs for young people. We see many young people struggling with social and academic development as well as their physical and mental wellbeing. Many are worried about achieving their potential and creating fulfilling adult lives in the face of what they may see as significant economic, social and environmental concerns. It has been reported recently that a million young people across the UK are not in jobs, training or education and that numbers are rising, with many of these young people never having worked at all. This has very real costs for those individuals, families and communities, as well as a major financial impact on the country. 

Many of the barriers to young people fulfilling their potential are all too apparent from the referrals to our voyages and from what we observe on board. The ability of Ocean Youth Trust South to make a meaningful difference is demonstrated through excellent feedback received during the season as well as the number of clients seeking repeat bookings. Developing confidence, team-working, resilience, communication and more is key to giving the current generation of young people the skills they need to succeed in life. The Trustees are determined to do everything possible to ensure that Ocean Youth Trust South remains in a strong position to continue providing these opportunities for young people in the future. 

The Trust is planning for a full season of voyages from March to November 2026 and owes immense gratitude to the staff, volunteers, sponsors, donors and other supporters who have helped to put us in our very strong position to support today’s young people. I would like to thank all involved for their hard work and continued support. 

## **Objectives and activities** 

## _**Objects and aims**_ 

Ocean Youth Trust South exists to offer personal development through adventure under sail to young people aged 11 to 25. 

The aim of our work is to help young people develop the skills they need to succeed in life. 

34 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT** 

## **_________________________________________________________________________________** 

We plan to achieve this by ensuring the Trust continues with a strong and resilient staff structure, with development and support for staff and volunteers, supported by a strong financial position. 

## _**Public benefit**_ 

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. 

## _**Use of volunteers**_ 

The Trust relies on our community of skilled and empathetic volunteers. During the 2025 season, our volunteers gave 1,170 days to sail on our voyages and we also had invaluable help with vessel maintenance, office work, fundraising and more. 

## **Achievements and performance** 

## **Financial review** 

The trustees would like to highlight the following: 

- (i) There were two very significant donations in this financial year. The first was a one-off donation of £200,000 which was eligible for Gift Aid, an additional £50,000. (This Gift Aid had not been received at the end of the financial year and is therefore the major reason for a significant increase in debtors shown in the accounts. The money has since been received). The Trustees have designated this fund for future expansion. 

The second major donation arose from the decision of a Trust which has been a very longterm donor to spend out their remaining funds and wind up over the next three years: the first of three payments was £75,000 to establish a bursaries fund to support voyage costs for young people who could not otherwise afford to sail. This will be spent over several years. A further payment of £70,000 has been made from the same donor since the year end, to set up a fund for replacing standing rigging; and another donation for bursaries is expected in 2027 as a final payment. 

Without these sums, income from donations and legacies would have been £267,834, slightly below the average for recent years. 

- (ii) However, including the major donations means that this financial year produced the secondhighest total from donations and legacies the Trust has ever seen, only exceeded by the figure achieved in 2015 when we were buying our vessel _Prolific_ . This has made a further significant addition to the Trust’s reserves and Trustees are aware of their responsibilities to ensure that donated funds are used in line with our charitable purpose. A Board review is therefore under way to look at funds required in order to secure the Trust’s future in its present form, including revisiting the costs of major replacement items such as a new engine or mainmast as it is some time since this exercise was last carried out. Once that review is completed over the coming year, Trustees will consider the availability of any remaining funds with a view to possible special projects or future expansion. 

Effective fundraising in recent years offers security against a risk of more challenging years in future; but current levels of fundraising cannot be guaranteed and it takes continued hard work as well as fantastic generosity from our donors to maintain them. 

35 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT** 

## **_________________________________________________________________________________** 

- (iii) Income from sailing fees was £236,677 (2024: £232,104), the highest figure the charity has achieved - clear evidence of demand from clients and families. However, the increase this year was small as the Trust is increasingly able to draw on generous bursary funding, often restricted funding, to subsidise voyage fees for young people who could not otherwise afford to sail and organisations which could not otherwise send young people sailing. 35% of berths in the 2025 sailing season were filled at below the advertised price thanks to bursary funding: it is clear that many families and client organisations have less money for this sort of activity, particularly for young people who generally have limited opportunities and may therefore have the most to gain. 

- (iv) Total expenditure rose to £602,930 (2024: £509,448). The Trust continues to manage costs very carefully: this increase reflects higher spend on maintaining _Prolific_ and building a more resilient staff structure. 

   - a. Vessel maintenance is cyclical, with particular work required at different intervals: winter 2024-25 was a major refit with _Prolific_ out of the water. The figure for the subsequent financial year is very significantly lower. 

   - b. Staffing costs are covered in more detail below. 

- (v) Our vessel _Prolific_ is being depreciated over periods of between 5-20 years, dependent on the asset types on the vessel, which makes up by far the greatest part of a depreciation charge in year of £52,977, which will be ongoing. The net income figure for the year is calculated after applying the depreciation charge. 

- (vi) This year showed a net gain of £47,175 on investment assets. The Trustees keep investments under review, balancing the desire to maximise returns which can be used to support our charitable purpose within an ethical investment framework. 

## **Staffing** 

For many years, the Trust has been dependent on the Chief Executive and Chief Operating Officer, each of whom has been involved with the charity for more than twenty-five years. The trustees recognised that this dependence and the pressure of their workloads created a risk to the Trust’s successful operation. Over the last three years, we have sought to build a stronger and more resilient staff structure, which we always accepted would mean increased staffing costs. However, for part of this financial year the Trust had to bring in freelance help to cover for staff sickness, which meant that staff costs were higher than anticipated. 

Our shorebased staff team includes one person on a fixed-term contract while we work towards the introduction of a new online voyage, client and volunteer management system which it is hoped will lead to significant savings in staff time. Once the new system is fully operational the Trust will be better able to evaluate the longer-term structure of the shorebased staff team working directly under our immensely effective Business Manager, Lynne Robbins, who has been with us since 2023. 

For our seagoing staff, the Trust continues our structure of a Staff Skipper, Staff Mate and Staff Engineer. Constantinos Jensen joined us as Staff Skipper ahead of the 2024 season and along with our longserving Staff Engineer Joshua Caudery remained in post for 2025 and 2026. We had a new Staff Mate, Sara Abdur, in 2025 and she also continued for the 2026 sailing season – the longest consistent period with the same seagoing staff team since _Prolific_ came into service in 2017. 

In January 2025 the Trustees undertook a review of the remuneration provided to the Chief Executive Officer and Chief Operating Officer. This review used as a benchmark external data from ACEVO Pay and Equalities Survey 2024 to reset pay and pension levels for these key management roles. 

36 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT** 

## **_________________________________________________________________________________** 

## **Clients** 

We sold all our voyages in 2025, reflecting the strength of demand for the opportunities we offer, and 645 berths were sold (or supported directly by OYT South funds). We achieved 94% occupancy, with some clients not filling the maximum 15 berths, usually because they wanted an exclusive voyage for their smaller group. 

2026 bookings continue at a similar level, with generous bursary funding from our donors ensuring that cost need not be a barrier to sailing for many young people. In practice, the pressure on schools is a sometimes a greater concern than the cost of the voyage itself: even if a school can afford a voyage, with or without bursary funding, it can be a huge challenge for them to find an accompanying staff member, as well as the staff time needed to organise a group to sail with us. We can sail with unaccompanied groups but in some cases school rules do not allow for this, and in other cases we have a history of working with young people with additional needs where sailing without an accompanying staff member would not be appropriate. However, some excellent outcomes and superb feedback from schools demonstrate that sail training can make a genuine, lasting difference, which is currently generating enough demand to fill the available voyages. 

## **Regulatory framework** 

The Trust engaged with the consultation process over the new draft Sport or Pleasure Vessel Code which is being phased in from December 2025 by the Maritime and Coastguard Agency. Trustees are confident that we will be able to adopt measures to meet the new requirements. 

## **Donors** 

The intention over the long term is to maintain a position in which the Trust covers approximately 50% of its costs from voyage fees paid by young people and their families or the organisations which arrange for them to sail with us, and fundraises to meet the remaining costs. The trustees are enormously grateful to the many very generous donors who support the charity. 

## **Year end position** 

At the end of the year the charity was in a satisfactory financial position, with total reserves of just over £1.77M dominated by _Prolific_ and her future needs, as follows: 

|**Type of reserve**<br>Restricted<br>Designated<br>General<br>Total|**£**<br>441,481<br>787,349<br>548,628|
|---|---|
||1,777,458|



At the year end the restricted funds balance comprised the residual value of _Prolific_ herself, as well as some restricted funds donated for sailing fees, vessel maintenance and salaries. 

The trustees have designated funds to cover those future likely repair and refurbishment costs too material to be funded from a normal year’s operating cash flow. It will be the trustees’ intention to review and adjust this Designated Fund from time to time, where possible, so that the charity maintains the ability to cope with expected future material repair needs. 

The charity continues to aim to maintain available reserves equivalent to 6 months operating costs. During the last three years, we have benefitted from some very generous and exceptional donations, which, together with close management of our costs, have enabled our reserves to be above this level. The Trustees are committed to using these funds to ensure the Trust’s long-term future. 

The amount held in cash and cash equivalents is £640,159 (2024: £432,690). 

The figure for cash generated from operations was £257,625 (2024: £48,621). 

37 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT** 

## **_________________________________________________________________________________** 

## _**Policy on reserves**_ 

The Trust’s policy is to hold free reserves of between three and six months’ operating expenses. Trustees aim towards the upper end of that range. Free reserves at this level permit the trust to continue operating without income for a sufficient period either to source additional funding donations or wind up activities in an orderly manner. 

At the balance sheet date the free reserves amounted to £399,498 (2024: £405,372). 

## _**Investment policy and objectives**_ 

The Trust’s investment of £580,000 in Quilter’s Climate Assets fund in February 2022, being those funds not needed on a day-to-day basis, was valued at £701,272 at the end of the year. The Trustees have agreed principles for ethical investment and within that framework they will continue to monitor investment performance and make adjustments as necessary. 

## **Going concern** 

The trustees are satisfied that the trust’s financial resources are such that there is no financial uncertainty about the trust continuing as a going concern at the reporting date. 

## **Structure, governance and management** 

## _**Nature of governing document**_ 

Ocean Youth Trust South is a company limited by guarantee, constituted by the Memorandum and Articles of Association. It is a registered charity governed by a management committee drawn from individuals elected at an annual general meeting (the trustees). 

## _**Trustees serving during the year**_ 

Sara Abdur (Resigned 9 November 2024) Edward Bishop Roger Bolton Unity Bowns (Appointed 9 November 2024) Eamonn Feeney (Resigned 8 November 2025) Richard Griffiths John Hicks Nyssa Hutchings (Resigned 1 July 2025) Steve Lacey Ben Martin (Resigned 8 November 2025) Lee Mosscrop Andrew Page (Co-opted 1 July 2025, Appointed 8 November 2025) Martyn Powe Lesley Robinson OBE Penny Scott-Bayfield (Deceased 20 June 2026) James Stevens 

## _**Recruitment and appointment of trustees**_ 

The Trustees may co-opt additional trustees subject to confirmation by the membership at an AGM. 

## _**Induction and training of trustees**_ 

A Trustee Induction Pack has been prepared summarising a trustee’s duties along with the history, operating methods, staffing structure and finances of the trust. All new trustees are invited to meet with the Chair and Chief Executive to discuss the role and the organisation. 

## _**Organisational structure**_ 

The Trust is managed by the Chief Executive and Chief Operating Officer in accordance with the policies set out by the Trustees. In matters of seamanship and vessel safety the skipper in command of the vessel has the ultimate decision-making authority having due regard to the standard operating 

38 



## **OCEAN YOUTH TRUST SOUTH** 

## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **TRUSTEES’ REPORT, INCLUDING CHAIR’S REPORT** 

## **_________________________________________________________________________________** 

procedures laid down by the charity. The charity is a member of the Association of Sail Training Organisations and is a Royal Yachting Association Sea School. 

## _**Major risks and management of those risks**_ 

- Total loss of or major damage to a vessel 

- Reputational risk from death or serious injury to a person participating in a voyage or from failure to comply with regulations and laws e.g. safeguarding 

- Major disruption in fundraising income including from force majeure events, geo political and economic conditions or incidents such as cyber-attacks and denial of access to funds or IT systems. 

The trustees maintain a strategic risk register to identify, monitor and mitigate all risks. This register is updated regularly and formally reviewed by the Board annually 

Risks from operating the vessel are addressed by rigorous operating standards addressing all aspects of safety on board. The financial risks and vessel loss / damage risks are mitigated by maintaining adequate reserves, by appropriate insurance and by a continuing effort with a wide range of supporters and donors to do everything possible to maintain income. 

## **Plans for future periods** 

The Trust plans to continue the development of young people through sailing experiences with a full season of voyages. These planned outcomes will be delivered through our current staff and community of volunteers, the integration of new staff and training of volunteers. 

This report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006 and approved by the Board of Trustees. 

## Johann Robinson 

Lesley Robinson OBE (Chair) Date 20 July 2026 

39 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 

## **INDEPENDENT EXAMINER’S REPORT** 

## **__________________________________________________________________________________** 

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 October 2025 which are set out on pages 41 to 53. 

## **Responsibilities and basis of report** 

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or 

- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 

- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 


James O’Rourke FCA Blue Spire Limited, Chartered Accountants 

Cawley Priory South Pallant Chichester West Sussex PO19 1SY 

Date: 

21 July 2026 

40 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)** 

**__________________________________________________________________________________** 

|**Note**<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>**1**<br>Investments<br>**2**<br>Charitable activities<br>**3**<br>Other trading activities<br>**4**<br>**Total**<br>**EXPENDITURE ON:**<br>Raising funds<br>**5**<br>Charitable activities<br>**6**<br>**Total**<br>Net gains / (losses) on investment assets<br>**14**<br>**Net income / (expenditure)**<br>**Transfers between funds**<br>**18**<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**18**<br>**Total funds carried forward**<br>**18**|**Unrestricted Funds**<br> <br> <br>**£**<br>309,596<br>20,636<br>236,677<br>1,558<br>568,467<br>34,264<br>304,846<br>339,110<br>46,921<br>276,278<br>9,000<br>285,278<br>1,050,699<br>1,335,977|**Restricted Funds**<br> <br> <br>**£**<br> <br>283,238<br> <br>376<br> <br>-<br>-<br> <br>283,614<br> <br>-<br>263,820<br> <br>263,820<br> <br>254<br> <br>20,048<br> <br>(9,000)<br> <br>11,048<br> <br>430,433<br> <br>441,481|**2025 Total Funds**<br>£<br> <br>592,834<br> <br>21,012<br> <br>236,677<br> <br>1,558<br> <br>852,081<br> <br>34,264<br>568,666<br> <br>602,930<br> <br>47,175<br> <br>296,326<br> <br>-<br> <br>296,326<br> <br>1,481,132<br> <br>1,777,458|**2024 Total Funds**<br> <br>£<br> <br>293,546<br> <br>21,938<br> <br>232,104<br> <br>1,133|
|---|---|---|---|---|
|||||<br>548,721|
|||||<br>32,441<br>477,007|
|||||<br>509,448|
|||||<br>79,766|
|||||<br>119,039<br> <br>-|
|||||<br>119,039<br> <br>1,362,093|
|||||<br>1,481,132|



The statement of financial activities includes all gains and losses recognised in the year. 

All of the above results are derived from continuing activities. 

41 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **BALANCE SHEET AS AT 31 OCTOBER 2025** 

**__________________________________________________________________________________** 

|**Note**<br>**FIXED ASSETS**<br>Tangible assets<br>**13**<br>Investments<br>**14**<br>**CURRENT ASSETS**<br>Debtors<br>**15**<br>Cash at hand and in bank<br>**Total current assets**<br>**CURRENT LIABILITIES**<br>Creditors: Amounts falling due within<br>one year<br>**16**<br>**Net current assets / (liabilities)**<br>**Net assets / (liabilities)**<br>**THE FUNDS OF THE CHARITY**<br>**Restricted funds**<br>**18**<br>Designated Funds<br>General Funds<br>**Unrestricted funds**<br>**18**<br>**Total charity funds**|**2025**<br>**£**<br>**£**<br>458,864<br>707,443<br>1,166,307<br>171,386<br>640,159<br>811,545<br>200,394<br>611,151<br>1,777,458<br>441,481<br>787,349<br>548,628<br>1,335,977<br>1,777,458|**2024**<br>**£**<br>**£**<br>455,320<br>645,621<br>1,100,941<br>93,733<br>432,690<br>526,423<br>146,232<br>380,191<br>1,481,132<br>430,433<br>537,349<br>513,350<br>1,050,699<br>1,481,132|**2024**<br>**£**<br>**£**<br>455,320<br>645,621<br>1,100,941<br>93,733<br>432,690<br>526,423<br>146,232<br>380,191<br>1,481,132<br>430,433<br>537,349<br>513,350<br>1,050,699<br>1,481,132|
|---|---|---|---|
||||1,481,132|
||||430,433<br>537,349<br>513,350|
||||1,050,699|
|||||
||||1,481,132|



For the year ended 31 October 2025 the charity was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. 

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts. 

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. 

The financial statements on pages 41 to 53 were approved and authorised for issue by the trustees on 20 July 2026 and signed on their behalf by: 

## Johann Robinson 

............................................ Lesley Robinson **Chair** 

**Ocean Youth Trust South Registered Charity Number 1079959 Register Company Number 3898084** 

42 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **STATEMENT OF CASH FLOWS** 

__________________________________________________________________________________ 

|**Note**<br>**Net cash flow from operating activities (see below)**<br>**Cash flow from investing activities**<br>Purchase of tangible fixed assets<br>Proceeds on sale of tangible fixed assets<br>Purchase of investments<br>Proceeds on investments<br>Investment income<br>N**et cash flow from investing activities**<br>**Net increase/(decrease) in cash and cash equivalents**<br>**Cash and cash equivalents at 1 November 2024**<br>**Cash and cash equivalents at 31 October 2025**<br>**Cash and cash equivalents consist of:**<br>Cash at bank and in hand<br>Investment cash<br>**Cash and cash equivalents at 31 October 2024**<br>**Reconciliation of net income to net cash flow from**<br>**operating activities**<br>Net income for the period<br>Adjusted for<br>Investment income<br>(Gains) / losses on investments<br>Depreciation and impairment of tangible fixed assets<br>(Profit) / Loss on disposal of tangible fixed assets<br>Decrease / (increase) in debtors<br>Increase / (decrease) in creditors<br>**Analysis of changes in net debt**<br>Total net debt brought forward<br>Cash flows<br>Total net debt carried forward|**2025**<br>**2024**<br> <br>**£**<br>**£**<br>**£**<br>**£**<br>257,625<br>48,621<br>(56,521)<br>(8,056)<br>-<br>200<br>(14,936)<br>(629,837)<br>-<br>620,320<br>21,012<br>21,938<br>(50,445)<br>4,565<br>207,180<br>53,186<br>432,979<br>379,793<br>640,159<br>432,979<br>640,159<br>432,690<br>-<br>289<br>640,159<br>432,979<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>296,326<br>119,039<br>(21,012)<br>(21,938)<br>(47,175)<br>(79,766)<br>52,977<br>49,611<br>-<br>(107)<br>(77,653)<br>(16,365)<br>54,162<br>(1,853)<br>(38,701)<br>(70,418)<br>257,625<br>48,621<br>**2025**<br>**Cash and**<br>**cash**<br>**equivalents**<br>**2024**<br>**Cash and**<br>**cash**<br>**equivalents**<br>**£**<br>**£**<br>432,979<br>379,793<br>207,180<br>53,186<br>640,159<br>432,979|**2025**<br>**2024**<br> <br>**£**<br>**£**<br>**£**<br>**£**<br>257,625<br>48,621<br>(56,521)<br>(8,056)<br>-<br>200<br>(14,936)<br>(629,837)<br>-<br>620,320<br>21,012<br>21,938<br>(50,445)<br>4,565<br>207,180<br>53,186<br>432,979<br>379,793<br>640,159<br>432,979<br>640,159<br>432,690<br>-<br>289<br>640,159<br>432,979<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>296,326<br>119,039<br>(21,012)<br>(21,938)<br>(47,175)<br>(79,766)<br>52,977<br>49,611<br>-<br>(107)<br>(77,653)<br>(16,365)<br>54,162<br>(1,853)<br>(38,701)<br>(70,418)<br>257,625<br>48,621<br>**2025**<br>**Cash and**<br>**cash**<br>**equivalents**<br>**2024**<br>**Cash and**<br>**cash**<br>**equivalents**<br>**£**<br>**£**<br>432,979<br>379,793<br>207,180<br>53,186<br>640,159<br>432,979|
|---|---|---|
||||
|||48,621|
|||**2024**<br>**Cash and**<br>**cash**<br>**equivalents**<br>**£**<br>379,793<br>53,186|
|||432,979|



43 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **ACCOUNTING POLICIES** 

__________________________________________________________________________________ 

## **General information, scope and basis of the financial statements** 

Ocean Youth Trust South is an incorporated charity, limited by guarantee, incorporated in England with the company number 3898084. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are outlined in the trustees' report. 

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated 

## **Incoming resources** 

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. 

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled. 

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the Charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. 

Investment income is earned through holding assets for investment purposes such as shares and cash deposits. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the Charity’s right to receive payment is established. 

## **Resources expended** 

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: 

● costs of raising funds; includes the costs of attracting funding and includes staff costs 

● expenditure on charitable activities; includes costs incurred to deliver activities and services to beneficiaries directly and indirectly 

## _Support cost allocation_ 

Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. Support costs are incurred and attributed to expenditure on charitable activities on a basis that is consistent with use of the resources. 

The analysis of these costs is included in Note 6. 

## **Employee benefits** 

When employees have rendered service to the Charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. 

44 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **ACCOUNTING POLICIES** 

__________________________________________________________________________________ 

## **Pension costs** 

The charity operates a defined contribution pension scheme. Contributions to the scheme are charged to the statement of financial activities on a payable basis 

## **Taxation** 

The charity is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the charity's activities. 

## **Fixed assets** 

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. 

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: 

Plant and equipment Written down to residual value Office equipment 15-33% straight line Sailing vessels 5-20% straight line 

## **Fixed asset investments** 

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/(losses) on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. 

## **Debtors and creditors receivable / payable within one year** 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In addition it includes cash at bank and in hand and cash balances within the investment portfolio available for investment transaction purposes. 

## **Operating leases** 

Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Further details of each fund are disclosed in Notes 18 and 19. 

## **Going concern** 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 

45 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

## **1. Donations and legacies** 

|**Unrestricted**<br>**Funds**<br>**£**<br>Donations and grants<br>309,596<br>309,596<br>**2. Income from investments**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Interest receivable<br>11,905<br>Investment income<br>8,731<br>20,636<br>**3. Income from charitable activities**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Sailing fees<br>236,677<br>236,677<br>**4. Other trading activities**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Other sales<br>1,558<br>1,558<br>**5. Raising funds costs**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Advertising<br>544<br>Staff costs<br>33,128<br>Fundraising trading costs<br>592<br>34,264|**Restricted**<br>**Funds**<br>**£**<br>283,238<br>283,238<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>376<br>376<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**2024**<br>**Total**<br>**Funds**<br> <br>**£ **<br>592,834 <br>592,834 <br>**2024**<br>**Total**<br>**Funds**<br> <br>**£ **<br>11,905 <br>9,107 <br>21,012 <br>**2024**<br>**Total**<br>**Funds**<br> <br>**£ **<br>236,677 <br>236,677 <br>**2024**<br>**Total**<br>**Funds**<br> <br>**£ **<br>1,558 <br>1,558 <br>**2024**<br>**Total**<br>**Funds**<br> <br>**£ **<br>544 <br>33,128 <br>592 <br>34,264|**Unrestricted**<br>**Funds**<br> <br> <br>**£**<br> <br>76,432<br> <br>76,432<br> **Unrestricted**<br>**Funds**<br> <br> <br>**£**<br> <br>12,132<br> <br>9,806<br> <br>21,938<br> **Unrestricted**<br>**Funds**<br> <br> <br>**£**<br> <br>232,104<br> <br>232,104<br> **Unrestricted**<br>**Funds**<br> <br> <br>**£**<br> <br>1,133<br> <br>1,133<br> **Unrestricted**<br>**Funds**<br> <br> <br>**£**<br> <br>1,099<br> <br>30,709<br> <br>633<br> <br>32,441|**Restricted**<br>**Funds**<br> <br>**£**<br> <br>217,114<br> <br>217,114<br> **Restricted**<br>**Funds**<br> <br>**£**<br>- <br> <br>- <br> <br>-<br> **Restricted**<br>**Funds**<br> <br>**£**<br> <br>- <br> <br>-<br> **Restricted**<br>**Funds**<br> <br>**£**<br> <br>- <br> <br>-<br> **Restricted**<br>**Funds**<br> <br>**£**<br>- <br>-<br> <br>- <br> <br>-|**2023**<br>**Total**<br>**Funds**<br>**£**<br> 293,546|
|---|---|---|---|---|---|
||||||293,546|
||||||**2023**<br>**Total**<br>**Funds**<br>**£**<br>12,132<br>9,806|
||||||21,938|
||||||**2023**<br>**Total**<br>**Funds**<br>**£**<br> 232,104|
||||||232,104|
||||||**2023**<br>**Total**<br>**Funds**<br>**£**<br>1,133|
||||||1,133|
||||||**2023**<br>**Total**<br>**Funds**<br>**£**<br>1,099<br>30,709<br>633|
||||||32,441|



46 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

## **6. Charitable activities** 

|Staff costs<br>Depreciation of fixed assets<br>Disposals of fixed assets<br>Freelance sailing fees<br>Vessel maintenance<br>Training<br>Victuals<br>Fuel, harbour fees and charts<br>Licences and insurances<br>Support costs (see note 7)<br>Governance costs (see note 8)<br>Unrestricted funds<br>Restricted funds|**2025**<br>**Total funds**<br>**£**<br>127,687<br>52,977<br>-<br>14,388<br>115,949<br>8,133<br>24,565<br>22,388<br>21,504<br>177,875<br>3,200<br>568,666<br>304,846<br>263,820<br>568,666|**2024**<br>**Total funds**<br>**£**<br>114,552<br>49,611<br>(107)<br>18,041<br>73,772<br>4,047<br>22,047<br>21,585<br>20,502<br>150,007<br>2,950|
|---|---|---|
|||477,007|
|||240,197<br>236,810|
|||477,007|



## **7. Support costs** 

|**Unrestricted**<br>**Funds**<br>**£**<br>Staff costs<br>147,621<br>Provision no longer required<br>-<br>Operating lease charges<br>7,394<br>Finance costs<br>1,129<br>Administration costs<br>21,731<br>177,875<br>**Governance costs**<br>**Unrestricted**<br>**Funds**<br>**£**<br>Independent examiner’s fees<br>3,200<br>3,200<br>**Independent examiner’s fees**<br>**Unrestricted**<br>**Funds**<br> <br>**£**<br>Examination – current year<br>3,200|**Unrestricted**<br>**Funds**<br>**£**<br>147,621<br>-<br>7,394<br>1,129<br>21,731|<br> **Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br> <br> **Restricted**<br>**Funds**<br>**£**<br>-<br>-<br> **Restricted**<br>**Funds**<br>**£ **<br>-|**2025**<br>**Total**<br>**Funds**<br> <br>**£**<br>147,621<br>-<br>7,394<br>1,129<br>21,731<br>177,875<br>**2025**<br>**Total**<br>**Funds**<br> <br>**£**<br>3,200<br>3,200<br>**2025**<br>**Total**<br>**Funds**<br> <br>**£**<br>3,200|**Unrestricted**<br>**Funds**<br> <br>**£**<br>129,683<br>(15,255)<br>8,632<br>1,677<br>25,270<br>150,007<br> **Unrestricted**<br>**Funds**<br> <br>£<br>2,950<br>2,950<br> **Unrestricted**<br>**Funds**<br> <br>**£**<br>2,950|**Restricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br> **Restricted**<br>**Funds**<br>£<br>-<br>-<br> **Restricted**<br>**Funds**<br>**£ **<br>-|**2024**<br>**Total**<br>**Funds**<br>**£**<br>129,683<br>(15,255)<br>8,632<br>1,677<br>25,270|
|---|---|---|---|---|---|---|
||177,875|||||150,007|
||**Unrestricted**<br>**Funds**<br>**£**<br>3,200|||||**2024**<br>**Total**<br>**Funds**<br>£<br>2,950|
||3,200|||||2,950|
|||||||**2024**<br>**Total**<br>**Funds**<br> <br>**£**<br> <br>2,950|



## **8. Governance costs** 

## **9. Independent examiner’s fees** 

47 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

## **10. Wages and salary cost** 

|Gross wages<br>Employer's national insurance costs (inclusive of<br>employer national insurance allowance)<br>Employer’s pension contributions<br>Redundancy benefits<br>Other staff benefits|**2025**<br>**Total Funds**<br>**£**<br>274,134<br>20,673<br>10,008<br>1,900<br>1,721<br>308,436|**2024**<br>**Total Funds**<br>**£**<br>250,141<br>18,356<br>5,834<br>-<br>613<br>274,944|
|---|---|---|



Redundancy benefits were made to staff in the form of redundancy payments. These amounts are complete with no further amounts to be paid in respect of these agreed settlements. 

There were no employees with emoluments (excluding employer pension costs) above £60,000 in this or the preceding year. 

The average number of employees during the year was: 

|verage number of employees during the year was:|||
|---|---|---|
|Shore based<br>Sailing|**2025**<br>6<br>3<br>9|**2024**<br>6<br>3|
|||9|



The six shore-based employees are a mixture of full-time and part-time staff representing five full-time equivalents. 

## **11.  Pension scheme** 

The charity operates a defined contribution pension scheme for its employees. The total payable for the year under review was £10,008 (2024: £5,834). 

## **12.  Related party transactions** 

During the year under review, donations totalling £16,550 were received from two of the trustees. 

None of the trustees received any remuneration nor reimbursed benefits during the current and comparative years under review. 

The charity's two (2024: two) key management personnel, being the Chief Executive Officer and Chief Operating Officer, received employee benefits totalling £113,693 (2024: £104,567). 

48 



## **OCEAN YOUTH TRUST SOUTH** 

## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

## **13.  Tangible fixed assets** 

|**_Cost_**<br>At 1 November 2024<br>Additions<br>Disposals<br>As at 31 October 2025<br>**_Depreciation_**<br>Accumulated at 1 November 2024<br>Charge for the year<br>On disposals<br>At 31 October 2025<br>Net book value at 31 October 2025<br>Net book value at 31 October 2024|**Plant &**<br>**equipment** <br>**£**<br>31,313<br>1,583<br>-<br>32,896<br>28,166<br>1,720<br>-<br>29,886<br>3,010<br>3,147|**Office**<br>**equipment**<br>**£**<br>26,404<br>2,430<br>(1,000)<br>27,834<br>21,990<br>2,007<br>(1,000)<br>22,997<br>4,837<br>4,414|**Sailing**<br>**vessels**<br>**£** <br>770,061 <br>48,118 <br>- <br>818,179 <br>322,302 <br>49,159 <br>- <br>371,461 <br>446,718<br>447,759|**Motor**<br>**vehicles**<br> <br>**£**<br> <br>-<br> <br>4,390<br> <br>-<br> <br>4,390<br> <br>-<br> <br>91<br> <br>-<br> <br>91<br>4,299<br> <br>-|**Total**<br>**£**<br>827,778<br>56,521<br>(1,000)|
|---|---|---|---|---|---|
||||||883,299|
||||||372,458<br>52,977<br>(1,000)|
||||||424,435|
||||||458,864|
||||||455,320|



## **14. Fixed assets investments – Managed funds** 

|_Reconciliation of movement on investments_<br>Carrying (market) value brought forward<br>Additions at cost<br>Disposals at carrying value<br>Gain / (Loss) on revaluation<br>Carrying (market) value carried forward<br>Investment cash<br>Total<br>_Gains / (losses) on investments_<br>Unrealised (from above)<br>Realised on disposal of fixed asset investments|**2025**<br>**Total Funds**<br>**£**<br>645,332<br>14,936<br>-<br>47,175<br>707,443<br>-<br>707,443<br>47,175<br>-<br>47,175|**2024**<br>**Total Funds**<br>**£**<br>556,049<br>629,837<br>(556,049)<br>15,495|
|---|---|---|
|||645,332<br>289|
|||645,621|
|||15,495<br>64,271|
|||79,766|



## **15.  Debtors** 

|Trade debtors<br>Prepayments and accrued income<br>Rental deposit<br>Other debtors|**2025**<br>**Total Funds**<br>**£**<br>107,889<br>56,160<br>1,650<br>5,687<br>171,386|**2024**<br>**Total Funds**<br>**£**<br>73,653<br>13,312<br>1,650<br>5,118|
|---|---|---|
|||93,733|



49 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

## **16.  Creditors: amounts falling due within one year** 

|**reditors: amounts falling due within one year**|||
|---|---|---|
|Trade creditors<br>Accruals<br>Deferred income<br>Other taxation and social security<br>Other creditors|**2025**<br>**Total Funds**<br>**£**<br>5,521<br>3,458<br>176,814<br>6,467<br>8,134<br>200,394|**2024**<br>**Total Funds**<br>**£**<br>2,863<br>3,902<br>135,094<br>-<br>4,373|
|||146,232|



Deferred income relates to invoices raised for voyages booked in 2026 and for Grants & Donations towards sailing activities in 2026. 

## **17. Analysis of net assets between funds** 

|Tangible fixed assets<br>Fixed asset investments<br>Current assets<br>Current liabilities|**Unrestricted**<br>**Funds**<br> <br>**£**<br>149,130<br>701,272<br>685,969<br>(200,394)<br>1,335,977|**Restricted**<br>**Funds**<br>**£**<br>309,734<br>6,171<br>125,576<br>- <br>441,481|**2025**<br>**Total**<br>**Funds**<br> <br>**£**<br>458,864<br>707,443<br>811,545<br>(200,394)<br>1,777,458|**Unrestricted**<br>**Funds**<br>**£**<br>107,978<br>645,621<br>443,332<br>(146,232)<br>1,050,699|**Restricted**<br>**Funds**<br>**£**<br>347,342<br>-<br>83,091<br>- <br>430,433|**2024**<br>**Total**<br>**Funds**<br>**£**<br>455,320<br>645,621<br>526,423<br> (146,232)|
|---|---|---|---|---|---|---|
|||||||1,481,132|



## **18. Analysis of net movement in funds** 

|_Restricted funds_<br>_Prolific_fund<br>Gipsy Moth Trust fund<br>Isle of Wight Sailing Fees<br>Refit and Maintenance<br>Sailing fees fund<br>Salary fund<br>Michael Peck Trust<br>Kit Power Bursary Fund<br>Peter Dixon Mohawk Trust Fund<br>_Total restricted funds_<br>_Unrestricted funds_<br>_Designated funds_<br>The Future Trust Development<br>Boat contingency<br>Boat refit<br>Booking system<br>General Fund<br>Unrestricted funds<br>_Total unrestricted funds_<br>Total funds||**Year ended 31 October 2025**|**Year ended 31 October 2025**|**Year ended 31 October 2025**|**Year ended 31 October 2025**||
|---|---|---|---|---|---|---|
||**Total funds**<br>**brought**<br>**forward**<br>**£**<br>358,359<br>17,162<br>6,545<br>-<br>38,467<br>6,391<br>3,509<br>-<br>-<br>430,433<br>-<br>30,000<br>477,349<br>30,000<br>537,349<br>513,350<br>513,350<br>1,050,699<br>1,481,132|**Total**<br>**incoming**<br>**resources**<br>**£**<br>- <br>- <br>360 <br>84,962 <br>84,376 <br>30,820 <br>6,292 <br>1,804 <br>75,000 <br>283,614 <br>250,000 <br>- <br>- <br>- <br>250,000 <br>318,467 <br>318,467 <br>568,467 <br>852,081|**Total**<br>**resources**<br>**expended**<br>**£**<br> (37,608)<br> <br>(5,000)<br> <br>(1,220)<br> (74,382)<br> (102,450)<br> (33,160)<br> <br>-<br> <br>-<br> (10,000)<br> (263,820)<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> (339,110)<br> (339,110)<br> (339,110)<br> (602,930)|**Transfers**<br>**between**<br>**funds**<br>£<br>-<br>-<br>-<br>9,000<br>3,885<br>-<br>(3,885)<br>-<br>-<br>(9,000)<br>-<br>-<br>-<br>-<br>-<br>9,000<br>9,000<br>(9,000)<br>-|**Gains and**<br>**(losses) on**<br>**investments**<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>254<br>-<br>-<br>254<br>-<br>-<br>-<br>-<br>-<br>46,921<br>46,921<br>46,921 <br>47,175|**Total funds**<br>**carried**<br>**forward**<br>£<br>320,751<br>12,162<br>5,685<br>1,580<br>24,278<br>4,051<br>6,170<br>1,804<br>65,000|
|||||||441,481|
|||||||250,000<br>30,000<br>477,349<br>30,000|
|||||||787,349|
|||||||548,628|
|||||||548,628|
||||||||
|||||||1,335,977|
|||||||1,777,458|



50 



## **OCEAN YOUTH TRUST SOUTH** 

## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

|_Restricted funds_<br>_Prolific_fund<br>Gipsy Moth Trust fund<br>Isle of Wight Sailing Fees<br>Refit and Maintenance<br>Sailing fees fund<br>Salary fund<br>Michael Peck Trust<br>_Total restricted funds_<br>_Unrestricted funds_<br>_Designated funds_<br>Boat contingency<br>Boat refit<br>Booking system<br>General Fund<br>Unrestricted funds<br>_Total unrestricted funds_<br>Total funds||**Year ended 31 October 2024**|**Year ended 31 October 2024**|**Year ended 31 October 2024**|**Year ended 31 October 2024**||
|---|---|---|---|---|---|---|
||**Total funds**<br>**brought**<br>**forward**<br>**£**<br>394,927<br>21,372<br>6,871<br>-<br>18,281<br>6,986<br>-<br>448,437<br>30,000<br>477,349<br>30,000<br>537,349<br>376,307<br>376,307<br>913,656<br>1,362,093|**Total**<br>**incoming**<br>**resources**<br>**£**<br>- <br>- <br>674 <br>44,778 <br>137,473 <br>30,680 <br>3,509 <br>217,114 <br>- <br>- <br>- <br>- <br>331,607 <br>331,607 <br>331,607 <br>548,721|**Total**<br>**resources**<br>**expended**<br>**£**<br> (36,568)<br> <br>(4,210)<br> <br>(1,000)<br> (46,470)<br> (117,287)<br> (31,275)<br> <br>-<br> (236,810)<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> (272,638)<br> (272,638)<br> (272,638)<br> (509,448)|**Transfers**<br>**between**<br>**funds**<br>£<br>-<br>-<br>-<br>1,692<br>-<br>-<br>-<br>1,692<br>-<br>-<br>-<br>-<br>(1,692)<br>(1,692)<br>(1,692)<br>-|**Gains and**<br>**(losses) on**<br>**investments**<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>79,766<br>79,766<br>79,766 <br>79,766|**Total funds**<br>**carried**<br>**forward**<br>£<br>358,359<br>17,162<br>6,545<br>-<br>38,467<br>6,391<br>3,509|
|||||||430,433|
|||||||30,000<br>477,349<br>30,000|
|||||||537,349|
|||||||513,350|
|||||||513,350|
||||||||
|||||||1,050,699|
|||||||1,481,132|



## **19. Description of funds** 

_Prolific_ fund 

Gipsy Moth Trust fund 

Funds received to enable the charity to have purchased _Prolific_ as a replacement for _John Laing_ . This includes the additional work required to continue to enhance _Prolific's_ operating capacity. 

Fund represents a donation to OYT South upon the winding up of the Gipsy Moth Trust. It is to provide bursaries for young people who have done particularly well on a voyage and are being invited to return with a view to qualifying as sea staff. The fund is to last for several years. 

Isle of Wight Sailing Fees Fund represents a donation to OYT South upon the winding up of Isle of Wight Support Group. It is to provide support for young residents of the Isle of Wight. It is an ongoing fund that will receive donations from former members of the support group and others on an ad-hoc basis. 

Refit and Maintenance Funds received to maintain _Prolific_ in a seaworthy state. Sailing fees fund Funds received to pay for sailing fees associated with future voyages. Salary fund Funds received to pay for employment costs. Michael Peck Trust Funds received from the Michael Peck Trust. Income from this fund is used for a 

Funds received from the Michael Peck Trust. Income from this fund is used for a Michael Peck Bursary each year to support clients with voyage fees associated with future voyages. The underlying capital in the fund is retained. 

Kit Power Bursary Fund Funds received from and in memory of Kit Power, who helped set up the Ocean Youth Club, from which OYT South grew. It is to provide support to clients with voyage fees associated with future voyages. Set up late in the 2025 season, it will see further funds introduced in the 2026 season. 

Peter Dixon Mohawk Trust Fund 

Funds provided by the Peter Dixon Trust. It is to provide support to clients with voyage fees associated with future voyages. 

51 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

Boat contingency Fund established to cover unplanned maintenance and repair costs during next year's sailing Boat refit Fund established to cover major maintenance and refurbishment work which will need to be carried out at regular intervals. These works include replacing the following; main mast, engines, winches, windlass, fire systems, sails, standing rigging and electrics. Booking system Fund established to cover the replacement of the existing Voyage and Client Management system The Future Trust Fund established for potential future expansion of the charity, including special Development Fund projects and considering the possibility of a second vessel. 

## **20.  Financial instruments** 

The carrying amounts of the charity’s financial instruments are as follows: 

|_Financial assets_<br>Measured at fair value through net income / (expenditure)<br>Fixed asset investments|**2025**<br>**Total Funds**<br>**£**<br>707,443<br>707,443|**2024**<br>**Total Funds**<br>**£**<br>645,621|
|---|---|---|
|||645,621|



The income, expense, net gains and net losses attributable to the charity’s financial instruments are summarised as follows: 

|_Income and expense_<br>Financial assets measured at fair value through net income / (expenditure)<br>Investment income<br>_Net gains and losses (including changes in fair value)_<br>Financial assets measured at fair value through net income / (expenditure)<br>Unrealised gains / (losses) on investments<br>Realised gains / (losses) on investments|**2025**<br>**Total Funds**<br>**£**<br>9,107<br>9,107<br>47,175<br>-<br>47,175|**2024**<br>**Total Funds**<br>**£**<br>9.806|
|---|---|---|
|||9,806|
|||15,495<br>64,271|
|||79,766|



Fixed asset investments are held at fair value with valuations obtained using closing mid-market price. 

52 



## **OCEAN YOUTH TRUST SOUTH** 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 

## **NOTES TO THE FINANCIAL STATEMENTS** 

__________________________________________________________________________________ 

## **21.  Comparative statement of financial activities** 

|**Note**<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>**1**<br>Investments<br>**2**<br>Charitable activities<br>**3**<br>Other trading activities<br>**4**<br>**Total**<br>**EXPENDITURE ON:**<br>Raising funds<br>**5**<br>Charitable activities<br>**6**<br>**Total**<br>Net gains / (losses) on investment assets<br>**14**<br>**Net income / (expenditure)**<br>**Transfers between funds**<br>**18**<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**18**<br>**Total funds carried forward**<br>**18**|**Unrestricted**<br>**Funds**<br> <br>**£**<br>76,432<br>21,938<br>232,104<br>1,133<br>331,607<br>32,441<br>240,197<br>272,638<br>79,766<br>138,735<br>(1,692)<br>137,043<br>913,656<br>1,050,699|**Restricted Funds**<br> <br> <br>**£**<br> <br>217,114<br> <br>-<br> <br>-<br>-<br> <br>217,114<br> <br>-<br>236,810<br> <br>236,810<br> <br>-<br> <br>(19,696)<br> <br>1,692<br> <br>(18,004)<br> <br>448,437<br> <br>430,433|**2024 Total Funds**<br>£<br> <br>293,546<br> <br>21,938<br> <br>232,104<br> <br>1,133|
|---|---|---|---|
||||<br>548,721|
||||<br>32,441<br> <br>477,007|
||||<br>509,448|
||||<br>79,766|
||||<br>119,039<br> <br>-|
||||<br>119,039<br> <br>1,362,093|
||||<br>1,481,132|



53 




**Unit 2, Endeavour Building, Shamrock Quay, Lower William Street, Southampton SO14 5QL Tel: 02392 602278 Website: www.oytsouth.org Email: office@oytsouth.org Facebook: oytsouth Bluesky: oytsouth Instagram: oyt_south TikTok: oceanyouthtrustsouth LinkedIn: Ocean Youth Trust South YouTube: oceanyouthtrustsouth1310** 

A Company limited by Guarantee No.3898084 Registered Charity No.1079959