## **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)** You may choose to include further statements where relevant about: 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.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |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**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |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.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |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
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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 Sa*5 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