## **ANNUAL REPORT 2023** ## **1 ABOUT RYST** ## 1.1 MISSION Roseland Youth Sailing Trust (RYST) is making it possible for a new generation of children and young people in Cornwall to experience the joy of sailing, building attitudes and skills that will benefit them throughout their lives, especially in disadvantaged communities where they would otherwise not have the opportunity. A charitable trust founded in 2015, RYST is registered at the Charity Commission for England and Wales, charity number 1164283, principal address 4 St Austell Row, St Mawes, Truro TR2 5AW. ## 1.2 OBJECTIVES AND ACTIVITIES To advance amateur sport, in particular sailing and other water sports, for young people who are residents, or those who attend school, or work, or are a member of a sailing club on the Roseland and also in neighbouring areas, by the provision of financial awards to enable and encourage participation in sailing, windsurfing or other water sports. We confirm the Trustees have had regard to the Charity Commissions guidance on public benefit. Schools Programme: The main activity of the Trust is to fundraise for and organise, through local sailing schools, the delivery of weekly school sailing lessons during term time for predominantly primary schools in the Roseland and Clay Country and neighbouring areas. Offshore Sailing: In addition, through canvassing sponsorship from mainly local organisations and individuals, we charter a sail training ship for 10 or so days in the summer to provide sixteen- to eighteen-year-olds living in Cornwall the opportunity of a life-changing experience at sea. Grants for Individuals: We also respond to requests for specific funds from individuals to support their sailing ambitions. ## 1.3 FUNDING The Trust is sustained solely through donations from individuals, fundraising events and supportive organisations. Trustees and volunteers give their time free, so all the funds we raise go to getting young people on the water. ## 1.4 POLICY ON GRANT-MAKING In our Schools Programme we make grants to our selected schools to pay for sailing lessons with local providers. This is the most cost effective and inclusive way of enabling young people to learn to sail. We select schools in the local area on the basis of indicators of multiple deprivation. For the Offshore Sailing programme, individuals are selected following wide advertising, especially in the schools with which we work, in a two-stage application process. With Grants for Individuals, young people are often referred to us by the sailing schools. We consider the economic background of the family, the commitment to sailing and the amount requested. ## 1.5 ACHIEVEMENTS Schools Programme: Since the Trust’s inception in 2015, our Schools Programme has introduced 1600 new young sailors from 21 schools to the water. Some of these schools are located in Cornwall’s poorest areas, where many children have never even been to the beach let alone dreamed of going sailing. We know from the feedback from teachers and parents that, along with sailing skills, the children gain confidence from trying a new activity outside their comfort zone and learn self-reliance and teamwork from their sailing. For some it becomes a passion for life, and they continue sailing and helming racing boats in local regattas. A few having become dinghy instructors or work as professional sailors on boats. We are changing their horizons. Offshore Sailing: The Offshore Sailing programme has run for three years, during which the Trust has sent 38 young adults on this valuable life experience. A number of them have progressed to maritime careers: for example, joining the Royal Navy, becoming RYA sailing instructors. Those who have been on the Offshore Sailing trips tell us the experience is life-changing. A young woman on the 2021 voyage described it as ‘the best 10 days of my life’. Apart from the sailing and adventure, the shared experience gives them a close group of friends whose support continues after the trip. The individuals benefit in that they can take their sailing further than they otherwise could given their financial resources. We are able to sustain the passion. For all, it gives a new experience that develops confidence and water awareness which is of great benefit throughout their lives. Grants for Individuals: Our Grants for Individuals programme has so far helped 15 young professionals gain qualifications and work experience. ## 1.6 VOLUNTEERS In addition to the Trustees, we have volunteers who support on the fundraising and attend our meetings on a regular basis. Other local people assist us in various fund-raising activities. ## **2 FINANCIAL REVIEW 2023** ## 2.1 INCOME AND EXPENDITURE We ended the year with a surplus of £80,735 (£48,485 in 2022). We received £41,506 in regular and other donations from individual supporters (£16,143 in 2022), together with £32,145 from charitable trusts, companies and other organisations (£21,132 in 2022). We plan a repeat of our fund-raising activities, which also raise awareness of our work, such as the Percuil and the Tresanton Classics Regattas, which brought in a further £5,820 (£6,285 in 2022). In our Schools Programme we made grants to schools for sailing lessons of £25,813 (£39,397 in 2022). The Offshore Sailing programme seeks sponsors for places aboard and many of these have become returning annual supporters. The young people themselves are encouraged to raise funds to support one or more young person/s the subsequent year. This year, one place was supported in this way by 2021 and 2022 venturers. Our Grants to Individuals, which comprise a very small amount of our funding, totalled £805 (£847 in 2022). ## 2.2 RESERVES We aim to hold reserves which cover at least the first six months of our Schools Programme in the following year to enable us to make continuing commitment to the existing schools on the programme. This is estimated to cost £54,000 in 2024. Any excess carried forward allows us to consider introducing new schools into the programme. In 2023 our reserves are higher than usual as we had a very good year for fundraising but also difficulty offering as much schools sailing as we would have liked, due to changes at two of our main providers of sailing lessons. This has been resolved in 2024. The trustees have reviewed the overall financial position and consider the trust to be a going concern. ## **3 STRUCTURE, GOVERNANCE AND MANAGEMENT** The Trust is governed by a Trust Deed dated 19th October 2015, with amendment by resolution on 6th May 2024. It is constituted as an unincorporated trust registered as a charity. A minimum of five trustees is required: two may be appointed by St Mawes Sailing Club, and one each from three local primary schools (St Mawes, Gerrans and Tregony). They are to be representative of communities across the Roseland. TRUSTEES IN 2023 Dina Wheatcroft, Chairman Jonathan Adlington, Secretary Loveday Shewell, Treasurer Mark Osborn John Parr Edward Billington Francis Hallawell If you’d like to find out more about our work, please contact sophia@ryst.org.uk You can support the work of the Trust at https://www.ryst.org.uk/donate ## **4 ACCOUNTS FOR THE PERIOD 1 JANUARY TO 31 DECEMBER 2023** **Roseland Youth Sailing Trust Accounts 2023 Draft** |**Roseland Youth Sailing Trust Accounts 2023**
notes
**Receipts**
**Donations**
Donations from individuals (incl Gift Aid)
Donations from organisations
1
**Fundraising activities**
2
**Payments**
**Schools training programe**
4
Training provided by Polkerris Sailing Centre
Traiining provided by Roseland Paddle and Sail
Training provided by Mylor Sailability
Training provided by St Mawes Sailing Club
Schools regatta
One to one training with Polkerris
Equipment (for use at Polkerris)
7
**TOTAL schools programme**
**Grants to individuals**
3
**Tall ships voyage**
5
**Other costs**
6
Net receipts/(payments) for the year
Transfers between funds
Cash funds brought forward
Cash funds at the end of the year
These funds are held at Barclays Bank|**unrestricted restricted**
**TOTAL**
**£**
38882.24
2623.99
41506.23
1000
31145
32145
5820.41
0
5820.41
45702.65
33768.99
79471.64
**unrestricted restricted**
**TOTAL**
£
16715
16715
4644
4644
4074
4074
380
380
0
25813
25813
805
805
214
19294.27
19508.27
1094.67
1094.67
2113.67
45107.27
47220.94
43588.98
-11338.28
32250.70
-15582.31
15582.31
45367.26
3117.96
48485.22
73373.93
7361.99
80735.92
**2023**|| |---|---|---| |||**unrestricted restricted**
**TOTAL**
**2022**| |||**£**
**£**
**£**
15142.59
1000.00
16142.59
**7558.53**
13573.66
21132.19
6210.70
74.10
6284.80| |||28911.82
14647.76
43559.58| |||**unrestricted restricted**
**TOTAL**
£
£
£
22507.50
22507.50
11532.00
11532.00
4337.5
4337.5
1020.00
1020.00
480.00
480.00
5720.00
1890.00
1890.00| |||41767.00
5720.00
47487.00
847.00
847.00
15,965.64
15965.64
1768.27| |||44382.27
21685.64
66067.91| |||-15470.45
-7037.88
-22508.33
-4317.88
4317.88
65155.59
5837.96
70993.55| |||45367.26
3117.96
48485.22| |||| Accounts approved by the Trustees on 10-Jul-24 Signed £ Loveday Shewell Trustee/Treasurer Page 1 **Roseland Youth Sailing Trust Accounts 2023 Draft** ## **RYST Accounts 2023: Notes to the acounts:** |**1. Donations from organisations**
Cornwall Community Foundation
Cornish Lithium
trinity house
RYA
Classic Cottages
cornwall Marine Network
Falmouth Harbour Commissioners
Dragon School
St mawes sailing Club
Flushing Sailing Club
Philip Firth Accountants
Frost Builders
Tiddy's Estate Agents
St Just Parish Council
Challenge Consulting
Masons
CAD
Others
**2. Fundraising actvities**
Tresanton reception (net)
Open Gardens
Percuil Regatta
St Mawes SC regatta teas
Derek Holman book
Sale of Donated goods (Stratos and Pico)
Other
**3. Grants to individuals**
Sam Colwell
Round Britain
Tegen Brownbill Polkerris weekend sailors
Charly Watering Polkerris weekend sailors
Ted Moyle
Polkerris weekend sailors
Coral BurtenshawPolkerris weekend sailors
Talon BurtenshawPolkerris weekend sailors
Lilac White
lessions RPS
**4. Grants to schools for sailing lessons**
Foxhole
Nanpean
Pondhu
St Dennis
Treverbyn
Poltaire
Bosvigo
Gorran
Veryan
Ladcock
Pencalenick
St Mawes/Roseland
Others|£
4600
3585
3000
3000
2100
1500
1500
1000
1500
1500
1500
1500
1500
1500
1500
500
500
360
**32145**
**£**
1705.78
1254.32
1552.75
275.00
225.56
800.00
7.00
**5820.41**
£
200
60
150
75
100
100
120
**805.00**
**2023**
1200
1120
4510
3805
5120
960
804
2748
684
408
4074
380
**25813**|**2022**
**5. Tall ships voyage**
5000.00
**Sponsorship**
500.00
St Mawes Sailing Club
Frost
St Just Parish Council
1000.00
Tiddy
Phillips Frith
Classic Cottages
1000.00
Flushing SC
1000.00
Cornwall Marine Network
1000.00
Falmouth Harbour Commissioners
1000.00
Challenge Consulting
1000.00
Anonymous
1000.00
Fundraising by previous venturers
1000.00
Others
**TOTAL INCOME**
**Less costs**
Tall Ship "Maybe"
7632.19
Team building day
**21132.19**
Water taxis
Insurance
Return Travel
Log books and hoodies
Family/donors celebration
308.25
Voyage report
212.45
**Covered from general funds**
3920.00
1844.10
**6. Other costs**
**6284.80**
Social Media
Website
Photography
**7. Equipment owned by RYST purchased with**
In use at Polkerris
In use at Roseland Paddle & Sail
847
**2022**
4987.50
3210.00
4425.00
2685.00
4950.00
1376.00
2505.00
1186.00
1149.00
4337.5
860
7726
**39397.00**|14112
720
460.52
3051.4
470.35
480
214|£
1500
1500
1500
1500
1500
1500
1500
1500
1500
1500
1500
402
360|13,230.00
588.00
137.50
416.14
495.00
858.00
241.00|1000.00
1000.00
1000.00
1000.00
1000.00
1000.00
1000.00
2000.00
4647.76| |---|---|---|---|---|---|---| |||||17262







19508.27||13647.76







15965.64| |||||||| |||||**2,246.27**
**-£**||**2,317.88**
**-£**| |||||**£**
850
244.67||1,350.00
248.27
170.00| |||||1094.67||1,768.27| |||||||| Page 2 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees** Charity Name ROSELAND YOUTH SAILING TRUST **On accounts for the year** 31 DECEMBER 2023 **Charity no ended (if any) Set out on pages** 1 -2 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records. 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 accounts to be reached. **Signed: Date:** 21 June 2024 **Name:** James Alexander Kennedy **Relevant professional** Institute of Chartered Accountants in England and Wales. **qualification(s) or body (if any): Address:** The Pink House, Lees Hill, South Warnborough, Hants, RG29 1RQ **Oct 2018** 1 **IER** ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . **Oct 2018** 2 **IER**