2021-12-31-accounts

Trustees’ Annual Report for the period

From 1st Jan 2021 To 31 Dec 2021

Charity name: Classic Young Sailors Foundation

Charity registration number: 1177006

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To provide sailing opportunities for young people, particularly those who would not normally get an opportunity to sail
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The funding of a voyage of S/V Pegasus and Johanna Lucretia. Which enabled the objects of the Charity to be met.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have had regards to the guidance of the CC.

Additional information (optional)

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SORP reference Our Policy on Grant Making is in accordance with our stated aims. Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment

Contribution made by volunteers	Para 1.38	The contribution from volunteers (our Trustees) was in the form of management of the Charity, governance and safeguarding, allocation of funding
Other		Those Trustees/Volunteers during the period of the report were: Gary Walker, Bruce Thorogood, Ben Morris, Steve Lacey, Peter Costalas,

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Charity achieved its objects during 2021 by funding a voyage on STS Pegasus and Johanna Lucretia (Island Sailing Trust) in July of this year. Both vessels then participated in the Classic Westcountry Regatta of this year which entailed two races off Dartmouth and then a passage race to Fowey. All participants were from a local school (Dartmouth Academy) or young careers which we sourced via the the Royal Southern Yacht clubs charity. Due to COVID separation rules we put 5 young persons on Pegasus and 6 on Johanna Lucretia.

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Achievements against objectives set	Para 1.41	The Charity believes it achieved its aims during 2021
Performance of fundraising activities against objectives set	Para 1.41	The Charity raised sufficient funds to meet its objectives
Investment performance against objectives	Para 1.41	The Charity has no investment income other than any interest on bank deposits..

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity was solvent during this year of operation, it had or generated sufficient funds to meet its obligations.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Charity aims to fund further bursaries in 2022 in the region of £12,000
Amount of reserves held	Para 1.22	£4441
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

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The charity’s principal sources of funds (including any fundraising)	Para 1.47	The Charity’s principle source of fundraising are as follows. 1) The Classic Channel Regatta Limited 2) Fundraising during a Classic Channel Regatta 3) Fundraising from special events and appeals 4) Donations from Companies 5) Donations from other Charities supporting the aims of the CYSF
Investment policy and objectives including any social investment policy adopted	Para 1.46	The Charity does not have any investment vehicles. It holds all its reserves as cash in its bank account.
A description of the principal risks facing the charity	Para 1.46	The inability to raise sufficient funds to meet its objectives.
Other		The current economic situation means that we may have to consider a reduced scope of funding activities

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Standard CIO Trust Deed approved by the Charity Commission.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The Charity is a CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Each Trustee is appointed by the then current Board of Trustees. No other person or body is able to appoint.

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Policies and procedures adopted for the induction and training of trustees	Para 1.51	The Charity is a small organisation operating in a limited pool of expertise (Classic Yachts). Because of this it has no formal recruitment policies. Any Trustee chosen will need to demonstrate they have sufficient knowledge of sailing in general and Classic Yachts in particular. They will need to demonstrate familiarity with the workings of a charity, HS in a maritime environment and safeguarding policies of the Charity.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The Charity is organised by having an active Board of Trustees who are responsible for all decisions. Executive actions may be delegated to one or more Trustee. It works closely with other organisations responsible for providing the type of sailing activities which meet the objectives.
Relationship with any related parties	Para 1.51	It has no “Related Parties”. It works closely with the Classic Channel Regatta Limited which has provided funds for the CYSF.
Other		During 2021 The CYSF was able to fund its activities in 2021 with assets and from cash flow and did not receive any grants from the Classic Channel Regatta Ltd (CCR). It has a commitment from the CCR that its planned activities in 2022 will receive support from the CCR.

Reference and Administrative details

Charity name	Classic Young sailors Foundation
Other name the charity uses	N/A
Registered charity number	1177006
Charity’s principal address	Blindwell Staverton Totnes

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Gary Walker		Whole Year
	Bruce Thorogood		Whole Year
	Ben Morris		Whole Year
	Steve Lacey		Whole Year
	Peter Costalas		Whole Year

Corporate trustees – names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Reports from Johanna Lucretia and Pegasus

(See additional Reports attached)

PEGASUS & JOHANNA LUCRETIA CREW FEEDBACK HIGHLIGHTS – 2021

“Don’t be nervous, it’s life changing, challenging but rewarding.”

What did you learn about yourself?:

“Resilience, even the bad parts (seasickness) I was able to continue sailing and knew that the team would be there to support and keep us motivated. It…has shown me even more why I should attempt every challenge or experience that comes my way.”

“Embrace everything – even the bad parts, it just makes the good parts even better and helps you feel more resilient.”

“Given me more confidence to just dive into challenges. Take every opportunity and dive heads first into challenges with a smile on your face.”

“Having amazing people in my watch working well together.”

“Really does increase your social skills and allows you to meet new people.”

“I’ve gained a lot of confidence.”

“It was entirely unique from anything I’ve done before. It was informative, fun and challenging. I’ve made memories that I know I will look back on in years to come.”

“Beyond sailing skills, I have learnt a lot about trust in my own abilities. I have put myself in places outside my comfort zone and come out feeling better for it.”

All the trainees’ reports were full of praise for the professional skippers and mates.

All Johanna’s crew said they would have liked the voyage to be longer!

Declarations The trustees declare that they have approved the trustses, report above. Signed on behalf of the C 's trustees Signa Full name(sl . Peter George Costalas Posltlon {eg Trustee Secretary, Chair, etc) , Date 2811012021

CHARITY COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts CC16a For the perlod 08ffj1r2￿2l 3111212￿21 Section A Receipts and a ments UFtrestricted funds Endowment fttnds to t￿neare$l£ Restrteted lun(ts Total fttnds Last year A1 Re¢el ts Royal Dart Yacht Club £1785 Roy31 ¢rui$ing CluD1£32fj1 Ii$n mittt￿l￿to £2000 Beer5 LLP1£1151 ,'Total Co orate Oonations Ir￿1VidUal Donth0Tr5 VFa SITr Amazon Smile Fundrsisln Events Rerk.iplsfp.e Shirt Sa5 HMRC RefiJnd5 670 42Z6 Direct Pri￿te tknthlr￿S Sub total Gross income forAR) 8W9 8.5S9 1.081 A2 Asset and Énve5tsnent salgs, $Be tabl• . 1175 1175 2.501 Sub totsl 3.175 3,175 2.501 11.734 11.734 ,A3 Payments Devon TÉ8 Shlfts 478 6,3) 4n 39J 12 eg8SUS Refund T Shirt TrUS￿S Liability Insurance Bank Ckrarges oyage Sub totsl A4 A￿et and invegtment purchase5, Isae tablg) Sub total Totalpaymgnts 408 Net of r￿eIpts/(payments) A5 Transfers bets¥een fun(Ss ,A6 Cash funds last yèar end Cash funds this yearend 4.441 4A44 3,174 4,441 Section B Statement of assets and liabilities at the end of the period Unrestrf¢ted Restricted funds funds Endowtnenl fsjnds lo rieèyesl £ Cats oriès CCXX R1 accounts (SS) 2411012022

B1 Cash funds 4.441 Total cash funds 4,H1 Unre¥tricted fund5 Restricted funds, Ertdowment funds Deta,'is to neare¥t FurK1 to whkh a5$&. urTentvalue ion ' DetsT15 F￿d to whKh asset. CurrEnlvalue lopt1r￿*J B4 Assets r8tsined for the charity'$ oyffl use Fund to whlth Vhen du lopl1(￿all B5 Llabllltles s￿Tr8d by one orkn trustees on behair of all th8 trust88S Signatutè Prim Nama Data of approval Pe18r Costaks 28110rd022 CCKX R2 accounts ISSI 2411012022