OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

CHARITY CHARITY COMMISSION COMMISSION COMMISSION COMMISSION COMMISSION "'" '
FOR ENGLAND AND WAlES
Receipts and payments accounts CC~68
For the period
from		 01/01/2020 To 31/12/2020
e b ~ e ~ S ~
Linrestricted I iR
tr t d
I iRestricted		 fund
s		 i I Endowment
funds		 Total funds Last year
, to the nearest 6 ~to(he nearest' to the nearests " to the nearest' ' tothe nearest' +i
A1 Recei ts
Pa
al
Royal Cruising
Club (Sale ofXmas Cards)
Bruce Thoro
ood		 570
600		 570 1,019
1,719
230
-0 10D
-0 340
-D
-0 26Q
-D
Sub~total Grossincome for AR 1,081 1,081 4,226
A2 Asset and investment sales,
see table .
2,6Q1
-0		 -0
-0		 -0
-0		 2,501 -0
Sub total 2,501 -0 -0 2,501 -0
I
Total recei ts 3582 -0 -0 3,582 4,225
A3Pa ments
rants -0 1,725
Insurance Trustees
Liability
-0
-0
-0
-0
-0
-0
-0
Sub total 408 1 725
A4 Asset and investment
purchases, (see table)
-0 -0 -0
-0 -0 -0
Sub total -0 -0 -0 -0
Total payments 408 -0 -0 1 725
Net of receiptsl(payments) 3,174 3,174 2,501
IA5 Transfers between funds -0
IA5 CCash funds last year end -0
Cash funds this year end 3 174 3,174 2,501
~ e
~		 e ~ ~ ~ s S ~ e ~ ~
Unrestricted t Restricted funds Endowment
funds funds
- -I-, to nearest 6 l l to nearest 6 '- to nearest 6
IB1Cash funds ash HSBC Account 3,174
f
I
t
t
i
C XX R1 t S 27/1 0/2021
Total cash funds 3,1?4
(agree balances with receipts and payments
account s
Unrestricted PP Restricted funds Endowment
funds funds
Details to nearest K to nearest 8 to nearest R
82Other monetary assets
Details Fund to which
belongs		 asse Cost (optional) (optional
83Investment assets
Details d to which asset
belon s		 Cost (optional) Current value
o tional
84Assets retained forthe
charity's
own		 use
t
Fund to which Amount due When due
Detaiis liability relates (optional) (optional)
85Liabilities
Signed
by one or
of all the trustees		 two trustees on behalf Signature Print Name Date of approval
Peter Costalas 2?/10/2021

Objectives and Activ iti es
SORP reference
Summary
ofthe purposes		 of To provide sailing opportunities for
the charity as set out
governing
document		 in its young people, particularly
would not normally
get an		 those who
opportunity		 to
sail
Summary
of the main
activities
in relation to those		 Para 1.17and
1.19		 Due to Covid 19it was decided that the
CYSFwould not make any donations
purposes
for the public
benefit,
in particular,
the		 this year due to the
identifying
suitable		 difficulty of
candidates.
activities, projects or
services identified
in		 the
accounts.
Statement
confirming		 Para 1.18 The Trustees have had regards to the
whether
the trustees		 have guidance ofthe CC.
had regard to the guidance
issued by the Charity
Commission
on public
benefit
The contribution
from volunteers
(our
Contribution
volunteers		 made by Para 1.38 Trustees) was in the form of
management
ofthe Charity, governance
and safeguarding,
allocation offunding
Those TrusteesNolunteers
during the
Other period ofthe report were: Gary Walker,
Bruce Thorogood,
Ben Morris, Steve
Lacey, Peter Costalas,

SORP reference
The original
plan was to make		 further
funds available to meet its objectives in
2021.However the Charity would not
Summary
ofthe main
achievements
of the charity,		 Para 1.20 have able to make any donations,
grants
or fund any suitable voyages due to the
identifying
the difference		 the issues surrounding
lock down		 and
charity's
work has made		 to social distancing
associated
with Covid
the circumstances
of its		 19in 2020 in any case.
beneficiaries
and any wider
benefits to society as a
whole.
Additional
information		 (optional)
You may choose to include further statements where relevant about:
The Charity continued to look at future
possibilities
in line with its objectives
Achievements
against
objectives set		 Para 1.41 and continued
to build further
with additional
donations.		 reserves
The Charity raised sufficient funds to
meet its objectives
Performance
offundraising
activities against objectives		 Para 1.41
set
The Charity has no investment income
other than any interest on bank
Investment
performance		 Para 1.41 deposits. .
against objectives

Financial
Review
Review ofthe charity's Para 1.21 The Charity was solvent during this
financial
position at the end
ofthe period		 period, it generated
meet its obligations.		 sufficient funds to
Statement
explaining
the		 Para 1.22 As per its stated aims in the 2019report
policy for holding reserves
stating
why they are held		 the Charity aims to
bursaries
in 2021 in		 fund further
the region off10,000
Amount
of reserves
held		 Para 1.22 83175
Reasons for holding zero Para 1.22 NIA
reserves
Details of fund materially in Para 1.24 N/A
deficit
Explanation
ofany		 Para 1.23 None
uncertainties
about the
charity continuing
as a going
concern

You may ch o ose to include fur ther s tatemen ts
where relevant about:
The Charity's
principle		 source of
fundraising
are as follows.
The charity's
principal
sources offunds (including		 Para 1 47 1) The Classic Channel
2) Fundraising
during		 Regatta Limited
a Classic Channel
any fundraising) Regatta year.
3) Fundraising
from special events and
appeals
The Charity does not have any
investment
vehicles.
It		 holds all its
Investment policy and reserves as cash in its bank account.
objectives including any Para 1.46
social investment policy
adopted
The inability to raise sufficient funds to
meet its objectives.
A description ofthe principal Para 1.46
risks facing the charity
The current situation
with Covid 19may
Other impact on the ability to raise funds, the
ability oforganisations to offer sail
training
and the ability		 oforganisations
such as schools to send pupils on
residential
activities.

Description ofcharity's
trusts:
Type ofgoverning
document
,'trust deed, royai charter)		 Para 1.25 Standard
CIO Trust Deed approved
the Charity Commission.		 by
How is the charity Para 1.25 The Charity is a CIO
constituted?
(e.g Ur1lt icef Pcraterf
assocIatlQA. CI'3)
Trustee selection methods Para 1.25 Each Trustee is appointed
by the then
including
details ofany		 current Board ofTrustees. No other
constitutional provisions e.g. person or body is able to appoint.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Additional
information		 (optional)
You may choose to include further statements where relevant about:
The Charity is a small organisation
Policies and
adopted
for
and training		 procedures
the induction
oftrustees		 Para 1.51 operating
in a limited pool ofexpertise
(Classic Yachts). Because ofthis it has
no formal recruitment
policies. Any
Trustee chosen will need to demonstrate
they have sufficient knowledge
ofsailing
in general and Classic Yachts in
particular.
They will need to demonstrate
familiarity
with the workings
ofa charity,
HS in a maritime
environment
and
safeguarding
policies ofthe Charity.
The Charity is organised
by having		 an
active Board ofTrustees who are
The charity's organisationai responsible
for all decisions. Executive
structure
and any wider
network
with which the		 Para 1.51 actions may be delegated to one or
Trustee. Itworks closely with other		 more
charity works organisations
responsible
for providing
the type ofsailing activities which meet
the objectives.
If,has no "Related Parties". Itworks
Relationship with any related Para 1 51 closely with the Classic Channel
Regatta
Limited which has provided
funds for the
parties CYSF.
Other

Dates acted if Name ofperson {orbody)
Trustee name Office {ifany) not forwhole
year		 entitled to appoint trustee
{ifany)
Gary Walker Whole Year
Bruce Thorogood Whole Year
Ben Morris Whole Year
Steve Lacey Whole Year
Peter Costalas VVhole Year
10
12
16
17
18
19
20