Charity Registration number 1091086 THE CHESIL SAILING TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CST P.J.Kent FCPFA Honorary Treasurer THE CHESIL SAILING TRUST CONTENTS Reference and Administrative Details 2to3 Truste8s'Annual R8POrt...........,.....................................,......................,........... 4t0 6 Independent Examlner's Report........,.............................,..,............................... Statement of FlnanclalActlvlty..................................,.........,........,,.................... Balance Sheet as at31 March 2024................,.......................................,............ Notesto the Flnanclal Statem8nts............,....,.......,..........................,................. 10t015 THE CHESIL SAILING TRUST REFERENCE AND ADMINISTRATIVE DETAILS Charity Name The Chesil Sailing Trust, {Changed from 'The Ch6sII Trust, on 4 November 2014) Charity Reglstration Number 1091086 Period of Financial Year 1 April 2023 - 31 March 2024 Principal Address Osprey Quay Portland Dorset DT5 1SA Governlng Document Deed of Trust dated 8 June 2001 Objects of th8 Charity To promote the advancement of education of persons who are young or dlsabled by provldlng or asslstlng with the provislon of facllltl8s for trainlng In sailing and seamanship and other water and land based activities. The Trust aims to provide and assist in the provision of facilities In the interests of social welfare for recreation and leisure time occupation for the benefit of th8 inhabitants of the United Kingdom with the object of improving conditions of life for the said inhabitants. The Trust also strives to promote any other charitable purposes for the benefit of the inhabitants of the United Kingdom as Is constituted for administrative purposes at the date as the Deed of the Trust88s shall from time to time in their discretion determine. Trustees Frances Guppy, Chairman John F Tweed Paul J Kent, Treasurer to the Trust Lady Catherine Williams {Resigned 11 May 2023) Tristan Best Steven Moatt THE CHESIL SAILING TRUST REFERENCE AND ADMINISTRATIVE DETAILS Secretary Tom Grainger, Clerk to the Trustees Bankers National Westminstèr Bank PIC 49 South Street Dorchester Dorset .DT1 1DW Nationwide Building Soclety POBox3 5-11 George Str8et Douglas Isle of Man i IM99 1A THE CHESIL SAILING TRUST TRUSTEES'ANNUAL REPORT Actlvltles and Achievements The year 2023-2024 has seen a return to our core programme of events. We have also enhanced our programm8S to meet specific needs. We have continued with our Rod Shipley Sail for a Fiver and Rod Shipley Windsurf for a Fiver. We also support the dellvery of week-long voyages on boats from the Rona Sailing Project. We have facilitated four voyages, two voyages for a special school and two for local secondary schools. Alongside thls, the Boleh, a forty-foot junk yacht, was based in Portland for 3 weeks glvlng approximately one hundred young people from local secondary schools the opportunlty of a day sail. Beside these opportunities open to all schools, we have developed targeted programmes, following a review of our Sail Fit and "bursary" programmes. Thls is to ensure w8 have maximum impact on the lives of young people from the use of our resources. Wa have been very aware of socletal issues especlally In relatlon to the mental health and well- being of young people. Thls has often been made mor8 dlfficult by the current flnanclal hardship many famllies are experiencing. Thls is prevalent In th8 immediate areas surroundlng the National Sailing Academy with several of the wards withln the borough of Weymouth and Portland being in the top 1 OO/a of the National Social Deprivation Index. By securing funding bids we have been able, with delivery partners, to have developed and fund8d targeted programmes. Che811 Salllng Trust Wollbelng Programm8 supporting local primary schools. We have funded a 12-week programme offering 6 weeks Windsurfing and 6 weeks sailing. It Is a pleasure to support these puplls who are all experlencing significant challeng8s and have experienced several ACES (adverse chlldhood experiences) already In their young IIv8S. We have also worked wlth a specific project for puplls from the Royal Manor of Portland funded dlrectly by the Court Leet. By securing funding from the Dorset Youth Fund, wlth a jolnt bid wlth dellvery partners, a project has been undertaken with a local pupil referral unit. Students began their water-sports journey with the Offlcial Test Centre and the Andrew Simpson Foundation. Ther8 is a real focus for this group around resilience, confidence, and determination. The students who are attending the sessions have significant SEMH dlfficulties and are heavily supported by both the teams delivering the programme and the excellent team of staff from th8 referral unlt. The Head Teacher has recently highlighted that it is so wonderful to see the children returning to school with huge smiles following their sessions at the National Sailing Academy. The Chesil Sailing Trust Board of Trustees remain committed to provide opportunities to the most vulnerable in the locality and actively reviewing all opportunities. Continuing support through grants and donations enables us to have sufficient working funds to book and plan for subsequent years. Emma Wilson, a Great Britain Olympian and bronze windsurfing medal winner in Tokyo 2021 and a competitor in 2024 Olympics, has agreed to become our Patron. Her enthusiasm and passion have had an impact on the young people she meets whenever she drops in on some of the sessions we fund delivered by our delivery partners. THE CHESIL SAILING TRUST TRUSTEES ANNUAL REPORT (Cont'd) Publlc Benefit The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Flnanclal Revlew During the year, total income amounted to £45,094 (2022-23 £38,113). Of this, £44,180 (2022-23 £37,846) was in the form of donations from individuals, charities and other organisations. Bank interest durlng the year amounted to £914 (2022-23 £267). Expenditure during the year amounted to £29,424 (2022-23 £29,906), includlng governanc8 Costs amounting to £324 {2021-22 £0). Funds carried forward amounted to £91,184 (2022-23 £75,514> of which £12,070 Is In respect of restricted funds {2022-23 £5,520). The Balance She6t as at 31 March 2024 shows cash at bank amounting to £87,945, including deposits in the Nationwide Building Society amounting to £48,247 and a current account balance at the NatW8St bank amounting to £39,698. Debtors, being HMRC in respect of Gift Aid, amounted to £5,513. Creditors, being provision for the balance payable to the Boleh Trust and Independent Examlnation fees, totalled £2,274. Reserve8 Pollcy In each flnanclal year, the Trustees determlne a mlnlmum level at which cash reserves should be malntained. For 2023-24 thls flgure stands at £10,000. The flgure may be amended at any time by specific resolution. Structure, governance and management The governlng document of the charity is a dead of Trust dated 8 June 2001. Recruitment and appointmant of trustees is made by resolution of the trustees at a meeting of the trustees. The selectlon of a trustae is based on the skill set of the person and their perceived contributlon to the Trust's objectives and management. The trustees are to number between 3 and 7 persons for a term no longer than 3 years. Trustees may be reappointed but may not serve for longer than 12 consecutive years. Statement of Trustees, Responslbllltles The trustees are responsible for preparing the trustees, report and the financial statements In accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financlal statements for each financial year which glve a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102),. make judgments and estimates that are reasonable and prudent. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statemenls. and THE CHESIL SAILING TRUST prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Trust will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. The trustees are also responsible for safeguarding the ass8ts of the charity and henc6 for taking reasonable steps for the prevention and det8Ction of fraud and oth6r irregularities. Approved by the Trustees on 7 November 2024 and signed on their behalf by., Frances Guppy Chair of the Trust THE CHESIL SAILING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHESIL SAILING TRUST I report to the charity trustees on my examination of the accounts of the charity for the year &nded 31 March 2024, which are set out on pages 8 to 15. Responsibilltles and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examlnation of th8 charity's accounts carried out under section 145 of the Act and in carrying out my examlnation I hav8 followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examlner's stalament I have completed my examination. I confirm that no material matters have come to my attention in conn8Ction with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by s8Ctlon 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply wlth the applicable requlr6ments concerning the form and content of accounts S6t out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and falr view, whlch Is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conn8Ction with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reachad. Slgned: Name.. HoLJAI2 JIOJCJ s14lmo￿j? F