Charity Registration number 1091086
THE CHESIL SAILING TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CST
P.J.Kent FCPFA
Honorary Treasurer

THE CHESIL SAILING TRUST
CONTENTS
Reference and Administralive Details
2to3
Trustees. Annual Report..
4t06
Independent Examiner's Report.....................
Statement of Financial Activity...
Balance Sheet as at 31 March 2025.
Notes to the Financial Statements.
10t015

THE CHESIL SAILING TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name
i The Chesil Sailing Trust. (Changed from 'The Chesil Trust,
on 4 November 2014)
Charity Registration Number
1091086
Period of Financial Year
11 April 2024 - 31 March 2025
Principal Address
Osprey Quay
I Portland
Dorset
5 DT5 1SA
Governing Document
Deed ot Trust dated 8 June 2001
Objects of the Charity
To promote the advancement of education of persons who
i are young or disabled by providing or assisting with the
| provision of facilities for training in sailing and seamanship
i and other water and land based activities.
l The Trust aims to provide and assisl in the provision of
facilities in the interests of social welfare for recreation and
leisure time occupation for the benefit of th6 inhabitants of the
United Kingdom with the object of improving conditions of life
I for the said inhabitants.
The Trust also strives to promote any other charitable
I purposes for the benefit of the inhabitants of the United
i Kingdom as is constituted for administrative purposes at the
| date as the Deed of the Trustees shall from time to time in
their discretion determine.
Trustees
i Frances Guppy, Chairman
John F Tweed
Paul J Kent, Treasurer to the Trust
Lucy-Anne Clarke (Appointed 9 May 2024)
Trislan Best
j Steven Moatt

THE CHESIL SAILING TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Secretary
Tom Grainger. Clerk to the Trustees
' Bankers
National Westminster Bank PIC
49 South Street
Dorchester
Dorset
IDT1 1DW
i Nationwide Building Society
,POBox3
5-11 George Street
Douglas
Isle of Man
IM99 1A

THE CHESIL SAILING TRUST
TRUSTEES'ANNUAL REPORT
ActivltSes and Achievements
The year 2024-2025 has seen a core programme of events along wilh our enhanced programmes
to meet specific needs.
We have continued with our Rod Shipley Sail for a Fiver and Rod Shipley Windsurf for a Fiver for
the year 2024-25, and it will remain in this format for the 2025-26 season whilsl we undergo a
review and plan a forward strategy in-relation to funding and bid applications. This is due to a long-
term sponsor indicating they will no longer be able to provide funding.
Alongside our two major funding expenditures, we also support the delivery 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.
The Boleh a forty-foot junk yacht was based in Portland for 3 weeks giving approximately one
hundred young people from local secondary schools the opportunity of a day sail.
Beside these opportunities open to all schools, we have continued to develop our targeted
programmes, following a review ol our Sail Fit and "bursary" programmes. This is to ensure we can
have maximum impact on the lives of young people from our limiled resources.
We have been very aware of societal issues especially in relation to the mental health and well-
being of young people. This has often been made more difficult by the current financial hardship
many families are experiencing. This is prevalent in the immediate areas surrounding the Nalional
Sailing Academy with several of the wards within the borough of Weymouth and Portland being in
the top 10°/0 of the National Social Deprivation Index.
By securing funding bids we have been able, with the delivery partners, to have developed and
funded targeted programmes.
Chesil Sailing Trust Wellbeing Programme 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 pupils who are all experiencing significanl challenges and have already experienced several
ACES (adverse childhood experiences) in their young lives.
We have also completed a specific project for pupils from the Royal Manor of Portland funded
directly by the Court Leet.
By securing funding from the Dorset Youth Fund, through a joint bid with our delivery partners, a
project has been undertaken with a local pupil referral unil. Students began their water-sports
journey with Ihe Off icial Test Centre Ltd (OTC) and the Andrew Simpson Foundation (ASF). There
is a real focus for this group around resilience, confidence, and determination. The students who
are attending the sessions have significant SEMH difficulties and are heavily supported by both Ihe
teams delivering the programme and the excellent team of staff from the referral unit. 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 Board of Tfustees remains commltted lo providing opportunities to the most vulnerable in the
locality and are aclively reviewing all opportunities to enable us to have suff icient working funds to
book and plan for subsequent years. This will be outlined in the end ol season review and by
developing our strategic plan whlch will be operational for the 2026 Season.

THE CHESIL SAILING TRUST
TRUSTEES ANNUAL REPORT {Cont'd>
Publlc Benefit
The Trustees confirm that they have complled wilh the requirements of section 17 of the Charities
Act 201110 have due regard to the public benefit guidance published by the Charity Commission
for England and Wales.
Financial Review
During the year, total income amounted to £36,384 (2023-24 £45,094). Of this, £35,345 (2023-24
£44,180) was in the form of donations from individuals, charities and other organisations. Bank
interest during the year amounted to £1,039 (2023-24 £914).
Expenditure during the year amounted to £35.210 (2023-24 £29,424). including governance costs
amounting to £350 (2023-24 £324). Funds carried forward amounted to £92,358 (2023-24
£91,184) of which £3,620 is in respect of restricted funds12023-24 £12.070),
The Balance Sheet as at 31 March 2025 shows cash at bank amounting to £90,208, including
deposits in the Nationwide Building Society amounting to £49,286 and a current account balance
ai the Nalwest bank amounting to £40,922. Debtors, being HMRC in respect of Gift Aid, amounted
to £2,500. Creditors, being provision for the Independent Examination fees. totalled £350.
Reserves Pollcy
In each financial year, the Trustees determine a minimum level at which cash reserves should be
maintained. For 2023-24 this figure stood at £10,000. The figure may be amended at any time by
specific resolution.
Structure, governance and management
The governing document of the charity is a deed of Trust dated 8 June 2001. Recruitment and
appointment ol trustees is made by resolution of the trustees at a meeting of the trustees. The
selection of a trustee is based on the skill set of the person and their perceived contribulion 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, Responslbillties
The trustees are responsible for preparing the truslees, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounling Practice) and applicable law and regulations.
The law applicable to charities requires Ihe trustees to prepare financial slatements for each
financial year which give 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 tor 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 IFRS 102);
make judgments and eslimates 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 statements; and
prepare the financial slatements on a going concem basis unless it is inappropriate to presume
that the Trust will continue in operation.

THE CHESIL SAILING TFIUST
The trustees are responslble 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 wilh 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 assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by the Trustees on 22 May 2025 and signed on iheir behalf by:
"h'(KA4usCue5
Frances Guppy
Chair of the Trust

THE CHESIL SAILING TRUST
INDEPENDENT EXAMINER'S REPORTTO 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 ended
31 March 2025, which are sel out on pages 8 to 15.
Responslbilities and basis 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 examination of the charity's accounts carried out under section 145 of the
Act and in carrying out my examination I have lollowed all the applicable Directlons given by the
Charity Commission under seclion 145{5)(b) of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respecl:
accounting records were not kept in respect of the charity as required by section 130 of the Act",
or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulallons 2008 other than any
requirernenl that the accounts give a 'true and fair view. which is not a matter considered as
part of an independent examination.
I have no concerns and have come across no other matters in connection with the examinalion to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts lo be reached.
Signed:
Dale.. 2Y I,.
Name:
) (fv/(W
r&crq
Relevant Professional Qualifications or Body,,
Address..

THE CHESIL SAILING TRUST
STATEMENT OF FINANCIALACTIVITY FOR THE YEAR ENDED 31 MARCH 2025
Unrestricled
Funds
Reslricted
Funds
Total Funds
2024-25
Total Funds
2023-24
Note
Income and Endowments from:
Donations and Legacies
{Including Gift Aid)
22,845
12,500
35,345 '
44,180
Investments
1,039
1,039
914
Total Income
23,884
12,500
36,384
45,094
Expendlture on:
Charitable Actlvities
13,910 1
20,950
34,860 ,
29,100
Governance costs
350
350
324
Total Expendlture
14,260
20,950
35,210
29,424
Net IncomellExpendilure) before
transfers
9,624
(8.4501
1,174
15,670
Transfers
Gross Iranslers between funds
Net Movement In Funds
9,624
18,450)
1,174
15,670
Reconclllatlon of Funds
Total Funds brought forward
79,114
12,070
91,184
75.514
Total Funds carrled forward
10
88,738
3,620
92,358
91,184
All income and expenditure derive from continuing activities.
The charity has no recognised gains or losses for the year other than the results shown above.

THE CHESIL SAILING TRUST
BALANCE SHEET AS AT 31 MARCH 2025
2025
2024
Note
Current Assets
Debtors
2,500
5,513
Cash al Bankjln Hand
90,208
92.708
87,945
93,458
Current Llabllltleg
Creditors
350
350
2.274
2,274
Net Assets
92,358
91,184
Fund8 of the Charlty (adjusted tor
deblors and ¢redltor8>
R8Stricted Funds
10
3,620
12,070
Unreslricled Funds
10
88,738
79,114
Total Charlty Fund8
92.358
91,184
Approved by the Trustees on 22 May 2025 and signed on behalf of the Trust by..
Frances Guppy
Chair of the Trust

THE CHESIL SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounling pollcies
Basls of Preparatlon
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 Slandard applicable in the UK and Republic of Ireland IFRS
1021 leffective 1 January 20151 {Charilies SOFIP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Trust is an unincorporated association established under trust deed in 1981 and is registered as
a charity in England and Wales.
The Trust meels the definilion ol a public b8ngtit 8ntity under FRS 102. Assets and liabllities ar6
initially recognised al historical cost or transaction value unless otherwise stated in the relevant
accounting policy noles.
The accounts are presenled in £ sterling.
Golng ¢on¢ern
The Irustee5 consider that there are no material uncertainties about the charity's ability to continue
as a going concern.
Exemption from preparlng a cash flow statement
The ¢hariiy opied to early adopi Bullelin i published on 2 February 2016 and have therefore not
included a cash flow statement in these flnan¢ial statemenls.
Fund Accountlng Pollcy
Unreslricled income funds are general funds that are available for use al the trustees,
discretion in furtherance of the objeciives of the charity.
Restricted funds are those donated lor use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
Further details of each fund are disclosed at note 10.
Grant-maklng Pollcy
The Trust's Equal Opportunities Policy makes clear thal in allocating grants the Trustees will not
discriminate eilher lor or against any person or activity. Grant applications are considered by the
Trustees at Iheir next ordinary meeting and determined in accordanGe with the objects of the Charity
and the resources available. There is an urg8ncy procedure lor dealing wilh applicalions requiring
action between meetings. 11 is the policy of the Trustees not lo commit to any individual granl lor a
period of more than twelve months. Trust beneficiaries may however apply lor a renewal of support
on Ihe expiry of a currenl grant,. any such application will be considered on ils merits alongside olher
10

THE CHESIL SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONT'D
applications, but the Trustees may take into account Ihe fact thal the applicant has previously
received support.
Investments Selection Pollcy
Th8 Trustees consider that currently there are inadequate funds lor any type of long term
investment. Accordingly. all balances are invested in cash wilh the majority In the Nationwide
Building Society which pays a competitlve interest rate with minimum risk and good access lo funds
when required.
Income and Endowments
Voluntary income including donations. legacles and grants that provide core funding or are of a
general nature, is recognised where there is entitl8menl, certainty of receipt and the amount can be
measured with sufficient reliability.
Investment income is recognised in the financial year in which it is received.
Debtors are amounts due relating to gift aid receivable from HMRC andlor payments made in
advance e.g. deposits for lulure programmes.
Expendllure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity
to the expenditure. All expenditure is accounted for on a payments basis and has been classified
under headings that aggregate all costs related lo this category.
Charitable Activilies comprises those costs incurred by the charity in the delivery of ils activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those Gosts ol an indirect nature necessary lo support them.
Governance costs include the costs of preparation and examination of the statutory accounts, the
costs of trustee meetings and the costs of any legal advice to trustees on governance or
constitutional matters.
Taxation
As a registered charity, the Trust is generally exempt Irom income tax and capital gains tax, bul not
from value added lax IVATI. Irrecoverable VAT is included in the cost of any items to which it relates.
11

THE CHESIL SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOA THE YEAR ENDED 31 MARCH 2025 CONT'D
2. Donatlons and Legacles
Unrestrlcted
Funds
Restrlcted
Funds
Total Funds
2024-25
Total Funds
2023-24
Donatlons and Legacles
Companies, clubs and individuals
| (including Gift Aid)
Grants Aecelvable
12.500
12.500
29,180
Trusts and Foundations
22,845
22.845
15,000,
UK Government Grants
Total Voluntary Income
22,845
12,500
35,345
44,180
3. Investment Income
Unrestricted
Funds
Restricted
Funds
Total Funds
2024-25
Total Funds
2023-24
Account
National Westminster Bank
Nationwide Building Society (See below)
1,039
1.039
914
Total Interest Earned on Cash
Deposlts
1,039
1.039
914
At 31 March 2025 the Trust had £49,285.61 invested in a Business Instant Saver Issue 9 account earning
interest al 2.10 per annum. Interest is paid annually on 31 March and in 2024-25 this amounted lo
£1,038.89

THE CHESIL SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONT'D
4. Expenditure
Unrestrlcted Restrlcted Total Funds Total Funds
Funds
Funds
2024-25
2023-24
(a) Charltable Actlvllles:
Sall for a Flver
Course costs
13,000
13,000
13,000
Sail Fil
Stage 1 and 2 courses (Scholarshlps)
Course costs
Chesll Salllng Trusl Wellbelng Group
Course costs
6.250
6.250
6,250
From Small to Tall
Sail Trainlng - Rona Salling Prolect
4,660
4,660
1,900
The Boleh Trust
Boleh Day Sailings
1,950
1,950
1,950
Wlndsurfing
Windsurt for a Fiver
6,000
6,000
6,000
Dorset Youth Fund
Grants
3,000
3,000
13,910
20.950
34,860
29,100
(b) Governance costs
Website hosting
Bank charges
Printing,postage,stationery
Accounting
350
350
324
Total Expendlture
14,260
20,950
35,210
29,424
13

THE CHESIL SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAFI ENDED 31 MARCH 2025 CONT'D
5. Trustees, Remuneration and Expenses
No trustees received any remuneration or were reimbursed any expenses during the year.
6. Debtors
2024-25
2023-24
HMRC - Gift Aid claim
2,500
5,513
Prèpayments
Total Debtors
2,500
5,513
7. Cash at Bank
Bank Reconciliation as at 31 March 2025:
National Westminster Account Balance
40,922
Less unpresented cheques
Balance per Cash Book
40,922
Nationwide Buildlng Society Balance
49,286
Total Cash at Bank as at 31 March 2025
90,208
8. Creditors
202&k25
2023-24
Independent Examiner Fees
350
324
The Boleh Trust
1,950
Total Credltors
350
2,274
14

THE CHESIL SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONT'D
9. Related Parties
Controlllng Entlty
The Charity is controlled by the Trustees. Amounts paid to OTC to cover their reasonable fees in relation to
d8liv8ring services to the Charity during the year were £9,750 (2023-24 £6,000), as permitted by the Deed of
Trust dated 8 June 2001. It is recognised by the Charity that those involved in local water sports
organisations and buslnesses provide valuable contributions as Iruslees to the Board ol the The Chesil
Sailing Trust. Those local water sports buslnesses and organisations are often best placed to assist in
delivering the charitable activities. All decisions lo involve a business or organisalion in delivering the
charitable actlvilies are made by the Board and would exclude any Trustee who may have a personal
interest or relalionship with that business or organisation, to ensure that besl value for money and most
etfective provision of services is achieved. This policy is reflected in the Trust's revised Conflict ol Interests
Policy.
10. Analysls of Funds
At 1 Aprll
2024
Income
ExpendltUTe Tran8fers At 31 March
2025
General Funds
Unreslrlcted fund
79,114
23,884
{14.2601
88,738
Re8tfl¢ted Fund8
Rod Shipl8y fund
12,070
12,500
120,950)
3,620
Total Restrlcted Fund8
12.070
12.500
120.950)
3,620
Total Funds
91,184
36,384
(35,210)
92,358
Purposes ol Re8trlcted Funds
The 'Rod Shipley Fund. represented the unspent balance from a legacy donation by the widow ol Rod
Shipley. The funds were used in memory of her late husband lo assist local young people gain access to
water sports. A further donation of £10.000 was received from Mrs Shipley In 2024 with the expectation that
a furth8r £2,500 can be claimed in Gift Aid. The whole of the donation of £12,500 was applied to the 2024
programme ol activity, The anlicipated Gift Aid has been included as a debtor in 2024-25.
11. Employees
There wer8 no employees in 2024-2512023-24 nil) and consequently no employee received emoluments ol
more than £60,000 during the year.
12. Independent examlners, remuneratlon
In 2024-25, provision of £350 has been made in the accounts for the Independent Examiner's fees.
July 2025
15